Sweden Proposes Budget 2014
(Bristol, UK) - Budget 2014 was announced by the Swedish government on 9 April 2014. The new budget
aims at encouraging education to improve the quality of the workforce, improve local business
conditions and prevent future unemployment problems, reports Nair & Co., a leading provider of
international tax consulting services for companies expanding overseas. Further, the government has
also proposed steps to finance reforms for the 2015 budget.
According to this proposal, the Government plans to increase its revenues by capping tax deduction
limits for private pension savings, increasing taxes on beer, wine, spirits and tobacco, and light vehicles
and eliminating the option for financial enterprises to trade in goods and services within a VAT category
without paying VAT.
Being draft provisions, Nair & Co. advises companies operating in Sweden to monitor the progress and
consider carrying out a detailed analysis of the final regulations.
For more information about doing business overseas or to learn more about our International
Expansion Services team please contact us.
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Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax
and compliance services for the set up and management of your international operations. Our model of
a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand
business and manage risk so they can focus on their core business and sustain growth with minimal risk,
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