Sweden: Tax proposals in 2023 budget include cross-border payment reporting, extension of diesel excise tax reduction

Tax-related measures in 2023 budget

Cross-border payment reporting, extension of diesel excise tax reduction

The government’s proposed 2023 budget includes the following tax-related measures:

  • Increase in research and development (R&D) deduction from SEK 600,000 per month to SEK 1.5 million per month—effective July 2023
  • Implementation of the Central Electronic System of Payment Information (CESOP)—a centralized European system for collecting and exchanging cross-border payment information aimed at detecting and combatting value added tax (VAT) fraud in cross-border internet sales of goods and services—effective 1 January 2024
  • Increase in employment tax deduction for people over 65—effective 1 January 2023
  • Simplification of chemical excise tax rules
  • Temporary extension for another six months of excise tax reduction for diesel used in agriculture, forestry, and aquaculture
  • Temporary tax exemption for taxpayers allowed to charge their electric car at work as a benefit from their employer—effective 1 July 2023 through 30 June 2026

Read a November 2022 report (Swedish) prepared by the KPMG member firm in Sweden


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