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Additional amending budget: Yes to reorientation support for companies with reduced turnover

17 June 2020 klockan 12.36

Uppdated 17 June 2020 klockan 13.42

The Government has submitted a proposal with further measures to mitigate the effect on society of the novel coronavirus which is responsible for causing COVID-19.

Financial support - reorientation support - is being introduced for companies with reduced turnover owing to the spread of the virus. Natural and legal persons with business activities in Sweden, and which are registered for F-tax (corporation tax), are eligible for this support. The requirement regarding F-tax does not apply to private housing companies, foundations, non-profit organisations or registered religious communities which are not liable to pay tax. A decision concerning support is taken following an application from the company by the Swedish Tax Agency, and is paid to the company via its tax account. The Government proposes that the rules on reorientation support come into force on 22 June 2020.

The Government has also submitted a proposal regarding amendments to the central government budget for 2020. The proposals mean that expenditure in the central government budget will increase by SEK 51.2 billion. The increase primarily consists of funding of reorientation support (SEK 39 billion), increased testing and tracing (SEK 5.9 billion) and increased general grants to municipalities and regions (SEK 6 billion).

In addition, the Government proposes state guarantees partly to the EU for loans to member states, SURE, and partly to the European Investment Bank for a guarantee fund for support to companies.

The Riksdag voted in favour of the Government's proposals. The Riksdag also urged the Government by way of an announcement to present a proposal with measures to help individual business operators to weather the consequences of COVID-19.