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Tax reduction for equipment purchased for companies in 2021

Following a recent decision by the Riksdag, the temporary tax reduction for equipment purchased for companies has been introduced.  The tax reduction applies to purchases throughout 2021 and amounts to 3.9 percent of the purchase price.

The tax reduction only applies to tangible equipment. Purchases must have been made and delivered within year 2021. In order to be able to take advantage of the tax reduction, it is required that there is tax to be deducted from the tax reduction. There is also a requirement for holding time. The equipment still needs to remain in the same business at the end of the tax year 2022 or at the end of the first tax year that ends after this date, if the company has broken the financial year.

All natural and legal persons who have income from business activities are entitled to the tax reduction. There are special rules for partners in trading companies and limited partnerships as well as for purchases within communities of interest.

The application for the tax reduction is made in the income tax return.

Source: https://skatteverket.se/

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