Tax Relief

The Swedish Ministry of International Affairs is proposing tax breaks for employer-provided bicycles and environmentally pleasant vehicles

Daily tax report: International

Septum. 10.2021, 5:00 a.m.

The Swedish Ministry of Finance proposed tax breaks on employer-provided bicycles and environmentally friendly cars on September 7th. The proposal includes: 1) a tax-free benefit amount of up to 3,000 Swedish kronor (US $ 348) for employer-provided bicycles, beyond which benefit will be taxable; and 2) a revised method for calculating benefits for environmentally friendly vehicles such as electric cars, plug-in hybrids, gas cars and hydrogen cars. These measures will be announced in the 2022 budget. [Sweden, Government Portal, 09/07/21]

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