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Sweden Gazettes Law Implementing Temporary Tax Exemptions for Employee Fringe Benefits Due to Coronavirus

June 3, 2020, 5:00 AM

The Swedish Official Gazette May 29 published Law No. SFS 374/2020, implementing temporary tax exemptions for certain employee fringe benefits due to the coronavirus pandemic. The exemptions apply income and payroll taxes with respect to resident and nonresident employees. The law includes measures: 1) allowing a temporary exemption from April 1 to Dec. 31 for free parking provided to employees at the workplace after March 31; and 2) allowing a temporary exemption from June 1 to Dec. 31 for employee gifts valued at up to 1,000 Swedish kronor (US$106). The law enters into force June 1 is valid through Dec....

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