Good to know 2020!

Share capital for newly formed companies

The Government proposes that the minimum permitted share capital in an AB be reduced from SEK 50,000 to SEK 25,000 for companies formed after 1 January 2020. In 2010, the limit was reduced from SEK 100,000 to SEK 50,000.

It is worth remembering, however, that the lower the share capital you have, the greater the risk that the equity will end up at less than 50% of the share capital. In that case, e.g. the obligation to prepare a so-called control balance sheet, notice of an extraordinary general meeting, etc. A share capital that is too low can therefore cost more than it tastes like!

The corportae income tax for AB (limited liability company) will be reduced to 20.6% until 2021

Income tax for limited companies was reduced from 1 January 2019 from 22% to 21.4%. In 2020, the tax rate will remain at 21.4% to be reduced to the decided target of 20.6% in 2021.

The limit for state tax on income from employment is raised

For 2020, you do not have to pay state income tax on income below SEK 523,200 / year. This means SEK 43,600 / month. This after employment tax deductions for those under the age of 65.

"Grow support" is extended from 12 to 24 months.

If you have a sole proprietorship or if you have a limited company with only yourself as an employee, you have for some time received a discount on the employer contributions for the first employee (in addition to yourself). Instead of 31.42%, you only pay 10.21%.

The period has now been extended to apply until 31 Dec 2021.

Immediate depreciation of purchased equipment

As the price base amount is adjusted in the usual order, the new ceiling for direct depreciation of equipment will be SEK 23,650 excluding VAT.

 

If the equipment or the combined value of several related purchases exceeds this limit, the purchase must be placed on the balance sheet and depreciated under a period of normally 5 years.

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