COVID-19: EMEIA Government Support Package - Sweden 19 October 2020 - EY
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COVID-19: EMEIA Government Support Package - Sweden 19 October 2020
2 COVID-19: EMEIA EY Government Support Package
In a series of announcements, the Swedish Government has presented measures to support
public services, people and businesses through the disruption caused by the COVID-19
outbreak. The measures focus on supporting employment, reducing costs and providing
cash flow support to businesses and increasing welfare support. These measures have
become increasingly substantial over the last couple of weeks, as the economic challenges
for many industries have become apparent and acute.
The measures can be grouped into seven main areas which are being delivered via three
distinct channels (see below). Beside this, the Government has channeled resources to the
public health care and imposed civil restrictions.
Areas being addressed: These aims are primarily being delivered
1. Providing liquidity through Governmental through:
guaranteed lending The banking system
2. Helping employers to protect jobs ► Significantly increased lending to companies via
3. Business support through reducing costs banks;
4. Cash-flow support, including tax deferrals ► Governmental guarantees of loans to companies
particularly affected by the COVID-19 outbreak
5. Administration, staying of executive measures
The tax system
6. Benefits entitlements
► Tax deferrals and reduced taxes
7. Cross-border issues – social security coverage
for commuting employees Cash grants from Government
► Sick pay and reduced working hours for
employees
19 October 2020 COVID-19: EMEIA EY Government Support Package
3 Announced Swedish responses
Cash flow support Liquidity and financing Cost reduction Employment support
Tax deferrals Governmental guaranteed lending Temporarily reduced social Temporary layoffs with state
security contributions support
Deferral may be granted for The central Government guarantees
payments of social security 70 percent of new loans that banks Social security contributions paid by New rules on financial support
contributions, taxes withheld from provide to companies experiencing employers, sole proprietors and provided to employers and
employee salaries and VAT. financial difficulties due to the partners in partnerships were employees have been put in place.
outbreak but that are otherwise temporarily reduced. The state covers a proportion of
Repayment of already paid
financially robust. The guarantee is salary costs where employers and
preliminary income tax Temporary discount for rental
issued to banks, which provide employees agree to reduce the
costs – landlord support
Changes have been made to the guaranteed loans to companies. number of working hours as an
rules on tax allocation reserves for Interest payments on the loans may The state covered up to 50 percent alternative to termination of
2019, for sole proprietors and be deferred for the first twelve of rental reductions, limited to a employment.
individuals who are partners in months. maximum of 25 percent of the total
Other employment issues
partnerships. This may result in original fixed rent payment, for the
The loan guarantee primarily targets
reduced tax liability, and refund of period between 1 April and ► Sick pay from the first day
small and medium-sized enterprises.
already paid preliminary income tax, 30 June 2020.
However, there is no formal limit on ► The state covers all sick pay
for 2019.
company size to take part in the
► Doctor’s certificate after 21 days
Financial support based on program.
decrease in turnover
Administration
The Swedish National Debt Office
Financial support to companies with administers the guarantee and there
a significant decrease in turnover is is a limit of SEK 75 m per borrower. The Swedish Tax Agency will not
available from 22 June. The banks pay a guarantee fee to charge a late filing fee for tax
the Swedish National Debt Office for returns submitted within one month
Cash tax management and existing
guarantees that are issued. The fee from the original due date. This
grants
is determined on the basis of the applies to all types of tax returns
In addition to the Government’s borrower’s actual risk profile, which (income tax, payroll, VAT and EC
measures to manage liquidity the is set by the credit institution. The sales) between the due dates
following should also be considered: risk assessment is carried out in 12 March to 31 August. It applies
accordance with the credit for all types of businesses and
► Accelerated depreciation and
institution’s credit assessment organizations, and for individuals
immediate deductions
process. who have their income tax return
► Research and development prepared by an accounting or book
incentives keeping firm (these individuals may
submit their income tax return on
► Innovation and sustainability
15 July at the latest).
grants
19 October 2020 COVID-19: EMEIA EY Government Support Package
4 Cash flow support: Deferral of tax payments
submitted on time even if deferral is
Deferral of social security Who is eligible? How is it accessed?
granted.
contributions, taxes Anyone that reports and pays employer Deferral may be granted after an
withheld from employee The Swedish Tax Agency has stated
social security contributions, taxes application is made to the Swedish Tax
that personal responsibility of
salaries and VAT payments. withheld from employee salaries and/or Agency.
representatives will normally not be
VAT may be granted deferral. Application can be made on form pursued for taxes subject to deferral
The rules apply to companies with SKV 4839 or digitally through “My according to the new rules.
acceptable financial records. Companies pages” at the Swedish Tax Agency
that are economically “ill-managed or are website.
dishonest in some way”, or that already For more information
have large tax debts, will not be granted
Practicalities Per Holstad
deferral. It is yet to be confirmed how the
per.holstad@se.ey.com
eligibility criteria will be assessed. The deferral rules entered into effect
Tel: +46 (0) 72 206 46 99
on 30 March and 6 April 2020, but
have retroactive effect from 1 January
Katrin Norell
2020. Hence, taxes already paid may
What does it cover? be reclaimed. This may be requested
katrin.norell@se.ey.com
+46 (0) 70 318 98 07
Deferral of tax payments may be granted when applying for deferral.
for up to a year. Martin Carlsson
An interest rate of 1.25 percent is
Social security contributions, taxes charged on an annual basis during the martin.carlsson@se.ey.com
withheld from employee salaries, and VAT first 6 months, and after that also a + 46 (0) 70 318 97 79
reported on a monthly or quarterly basis: 0.2 percent fee. This is not
tax-deductible but corresponds to a
Total amount that can be deferred is
tax-deductible financing cost of
limited to a maximum of three months’
approximately 3.1 percent per year or
worth of payments.
1.6 percent for the first 6 months. The
The reporting periods subject to deferral cost for deferral used to be higher, but
are January to September 2020. since 1 June 2020, the new rules apply
retrospectively for all deferrals granted
VAT reported on an annual basis:
due to COVID-19 on or after
Deferral may be granted for one year 30 March 2020.
worth of VAT that is to be reported
The deferral fee and interest will need
between 27 Dec 2019 and 17 Dec 2021.
to be paid to the state when the
deferral period ends.
Payroll and VAT returns need to be
19 October 2020 COVID-19: EMEIA EY Government Support Package
5 Cash flow support: Financial support based on
decrease in turnover (general)
Who is eligible? What does it cover? The application must be submitted digitally
Financial support is through “My pages” at the Swedish Tax
available for businesses Natural persons and legal entities with Depending on the decrease in turnover, Agency website and include information
business activity in Sweden, that are the support will be up to 75 percent of the about the decrease in turnover, the reason
with a significant decrease
registered for class F tax (business tax), company’s fixed costs in the specific for the decrease, the fixed costs that the
in turnover due to are eligible for support if they have had a period. Fixed costs include cost of rent, application relates to etc. When applying
COVID-19, during the turnover of at least SEK 250,000 during leasing, interest, depreciation and for support exceeding SEK 100,000, a
periods March-April, May the previous financial year, and a necessary service/repairing of fixed assets, statement from an auditor must be
and/or June-July 2020. significant decrease in turnover that is electricity, water, sewer, internet, phone, provided.
almost exclusively attributable to heating, insurance, franchise fees, licence
Applications for companies within the
COVID-19. The decrease in turnover needs fees and royalties. Payroll expenses are
same group must be submitted at the same
to be: excluded.
time and include a description of the group
► at least 30 percent in March-April 2020 structure.
The possible support amount can be
compared to March-April 2019
calculated using the following formula: Support that has been granted will be
► at least 40 percent in May 2020 ((turnover reference period 2019 – credited in the company’s tax account and
compared to May 2019 turnover support period 2020) / automatically paid to the company if there
turnover reference period 2019) x 0,75 x is a surplus in the tax account.
► at least 50 percent in June-July 2020
fixed costs support period 2020
compared to June-July 2019.
Non-profit associations, foundations and The minimum support is SEK 5,000 and Practicalities
registered religious communities with the maximum is SEK 150 million for The support is to be treated as a
business activity that are not tax liable are March-April and SEK 75 million for May. At Government contribution and the entire
exempted from the class F tax requirement this stage it is only possible to apply for amount is taxable the year when the
to be eligible for support. Support will not support of up to SEK 8 million for support was granted by the Swedish Tax
be paid to anyone who is insolvent, banned June-July, but the Government is working Agency. However, support attributable to
from business activity, has overdue tax on this to be increased to SEK 150 million. fixed costs for the previous fiscal year may
liabilities and/or when the company or an The maximum amounts are per group of be reported that year instead.
associated company is domiciled in a so companies.
called tax haven.
Support is also not accessible when a For more information
company or parent company decides on or How is it accessed?
carries out dividends or other transfers of The application process for March-April Kristoffer Ståhlbröst
value during the period March 2020-June closed on 31 August 2020, but is open kristoffer.stahlbrost@se.ey.com
2021. However, this does not apply to for May and June-July between
group contributions. 19 October and 30 November 2020. Tel: +46 (0) 70 848 84 78
19 October 2020 COVID-19: EMEIA EY Government Support Package
6 Cash flow support: Financial support based on
decrease in turnover (for sole proprietors)
Financial support will be Who is eligible? What does it cover? Practicalities
available for sole Sole proprietors with business activity in Depending on the decrease in turnover, The general support based on decrease
proprietors with a Sweden, that are registered for class F tax the support will be up to 75 percent of in turnover (see previous page) does
significant decrease in (business tax), will be eligible for support if the decrease in turnover. not exclude sole proprietors
turnover due to COVID-19, they have had a turnover of at least theoretically, but the extent to which
SEK 200,000 during the previous financial The maximum support will be sole proprietors have utilized the
during the periods March- year, and a significant decrease in SEK 48,000 for March-April, support has been limited. A reason for
April, May and/or June-July turnover that is almost exclusively SEK 24,000 for May and SEK 48,000 this may be that sole proprietors often
2020. attributable to COVID-19. The decrease in for June-July. have low fixed costs, which is one of
turnover needs to be: the key factors for the general support.
The support is to be reduced with other That is why this new type of support is
► at least 30 percent in March-April 2020
compensation received, for example under way, for which fixed costs will be
compared to March-April 2019
insurance compensation, damages and irrelevant. However, this measure is
► at least 40 percent in May 2020 certain other support due to COVID-19 - yet to be decided and the goal is for a
compared to May 2019 such as general support based on Governmental decree to come into
decrease in turnover for the same force on 29 October 2020.
► at least 50 percent in June-July 2020
period.
compared to June-July 2019.
Support will not be paid to anyone who has
How is it accessed? For more information
been declared bankrupt or is banned from
business activity. The application process is not yet open,
Kristoffer Ståhlbröst
but according to the proposal,
applications will need to be submitted kristoffer.stahlbrost@se.ey.com
before 1 February 2021.
Tel: +46 (0) 70 848 84 78
The applications must be submitted
digitally through the webpage of the
National Board of Housing, Building and
Planning.
19 October 2020 COVID-19: EMEIA EY Government Support Package
7 Cash flow support: Cash tax management and
existing grants
There are other existing tax Accelerated depreciation and Practical considerations For more information
related measures (not immediate deductions All fixed asset expenditure is within scope - Marcel Sikkema
specific to COVID-19) which Consider taking advantage of beneficial tax new-build, repairs and renovation works
marcel.sikkema@se.ey.com
are available to companies depreciation/deduction rules wherever may all be eligible. Historic claims are often
to manage cash liquidity. possible. Undertaking a thorough cost possible, including for projects completed Tel: +46 (0) 73 340 7782
segregation analysis of the depreciation in periods which are now closed, and can
It is our understanding that treatment of fixed assets and properties trigger substantial cash backs.
existing grants continue as can significantly reduce corporate income
usual. tax liability and free up cash.
Research and development Practical considerations For more information
incentives Research and development tax incentive Marcel Sikkema
Research and development tax incentives claims (Forskningsavdrag) can be
marcel.sikkema@se.ey.com
can provide cash benefits but are often reviewed and repayments authorized
overlooked. Where appropriate, separately from a company’s overall tax Tel: +46 (0) 73 340 7782
businesses should be optimizing and affairs. In many instances historic claims
accelerating the submission of R&D claims are possible and can trigger substantial
in order to receive cash back as soon as cash backs.
possible.
Innovation and sustainability Practical considerations For more information
grants Grants for R&D, sustainability and Anne-Sofie Gregersen
To help co-fund sustainability and innovation projects can cover up to 70
annesofie.d.gregersen@dk.ey.com
innovation projects, businesses should percent of eligible costs. Some schemes
consider grants. This is mainly relevant for can be applied on a standalone basis, Tel: +45 (0) 25 29 49 39
the medium term financial planning, whereas others require a consortium (i.e.
where grants can significantly boost an a group of non-related parties).
Marcel Sikkema
organization’s innovation or sustainability In addition to its usual funding activities,
budget. marcel.sikkema@se.ey.com
Vinnova has opened a call specifically
providing support for projects that Tel: +46 (0) 73 340 7782
mobilize innovation and/or to
readjustments of production processes or
operations arising due to COVID-19.
19 October 2020 COVID-19: EMEIA EY Government Support Package
8 Cost reduction: Temporarily reduced social security
contributions
Tax relief for sole proprietors and
Social security Who is eligible? How is it accessed? partners in partnerships will be up to
contributions paid by Anyone that reports and pays social Employers may request reduction of SEK 18,760 for 2020.
employers, sole proprietors security contributions (employers, sole social security contributions by For sole proprietors and partners in
and partners in proprietors and partners in checking the box 062 “Reducerad avgift partnerships, the social security
partnerships are partnerships). först anställd” in the individual’s part of contributions are included in the
the payroll return. Where a payroll monthly preliminary tax. This means
temporarily reduced. There are no limitations in terms of return has been submitted without the
company size, total number of that the temporary reduction of the
box 062 checked, a new payroll return social security contributions may
employees etc. needs to be submitted. also lead to lower preliminary tax,
For sole proprietors and partners in provided that a new preliminary
partnerships, the reduction will be made income tax return is submitted.
automatically when the income tax
return is assessed by the Swedish Tax
Agency. However, the tax payer needs For more information
to calculate the standard deduction
What does it cover? (normally 25 percent of the base for Per Holstad
social security contributions) through per.holstad@se.ey.com
Social security contributions for
employers have been reduced such that two separate computations. A Tel: +46 (0) 72 206 46 99
only the pension contribution of deduction of 10 percent will be allowed
10.21 percent remains payable for the for the first SEK 100,000, and 25 Katrin Norell
period between 1 March and 30 June percent will be allowed for the katrin.norell@se.ey.com
2020, for a maximum number of exceeding amount.
+46 (0) 70 318 98 07
30 employees and salaries up to
SEK 25,000 per employee. Practicalities
The maximum tax relief is SEK 5,300 The reduction of social security
per employee and month, or SEK contributions entered into effect on
159,000 per month for 30 employees. 6 April but has retroactive effect from
1 March 2020 for employers and from
Social security contributions of sole
1 January 2020 for sole proprietors
proprietors and partners in partnerships
and partners in partnerships.
are reduced. In 2020, they are only
required to pay pension contribution of If maximum relief is obtained for
10.21 percent on amounts of up to SEK 30 employees, the cost reduction will
100,000. equal to SEK 636,000 for the entire
four-month period.
19 October 2020 COVID-19: EMEIA EY Government Support Package
9 Employment support: New rules on short-time work
with state support (page 1 of 2)
2019 are not disqualified from employees and employees with
New rules on financial Who is eligible? support. fixed-term employment contracts.
support provided to Criteria for the employer Those who are eligible for support
Support will not be approved if the
employers and employees employer (i) is insolvent; (ii) is must have been employed by the
The rules apply to employers who are
have been put in place. The legal or natural persons who conduct required to prepare a balance sheet employer during all or part of what is
state covers a proportion of business activities. Public sector for liquidation purposes in called the “comparative month” with
salary costs where employers and employers who are accordance with the Companies Act; the same or higher employment rate
mainly financed with public funds are (iii) is subject to corporate than during what is called the
employers and employees “support month”. In this context, the
excluded. restructuring; (iv) is prohibited from
agree to reduce the number carrying out business or (v) has comparative month is defined as the
of working hours as an Support may be granted if the following overdue tax liabilities. calendar month that falls three
alternative to termination of conditions are met: months before the calendar month in
In order for employers who are which the Agency’s decision is made.
employment. ► The employer is having temporary bound by a collective bargaining
and serious financial difficulties The support month is the calendar
agreement to be eligible for support, month for which the employer
► The financial difficulties have been there must also be an applicable requests preliminary support.
caused by events that are beyond collective bargaining agreement on
the employer’s control short-term work. There should also Support is granted up to a salary cap
be a local agreement in which the of SEK 44,000.
► The financial difficulties could not detailed conditions for the
reasonably have been foreseen or Support is provided for a maximum
application of short-term work have of six consecutive calendar months.
avoided been established. This can be extended once by up to
► The employer has used other Employers who are not bound by three months.
available measures to reduce labor collective bargaining agreements
costs can apply for support provided that What does it cover?
The Swedish Agency for Economical and there is a written agreement
between the employer and each of The new rules allow for the employers’
Regional Growth has stated that for
the employees affected by the short- salary costs and employee working
companies who carry out dividends or
term work. Additionally, at least 70 hours to be reduced significantly, while
other transfers of value, there will be a
percent of the employees at the the employee salary is reduced
presumption that serious financial
operating unit are required to marginally. The rest of the cost is
difficulties are not at hand. It will then
participate in the short-term work covered by the state.
be up to the company in question to
show that the requirements for support during the period covered by the As of 1 May 2020 there are four levels
are met nonetheless. However, support. for reduction of working time and salary
companies who make group Criteria for the employee for 2020 (see table on next page*). It is
contributions for the financial year not possible to deviate from these
The rules apply to both permanent levels.
19 October 2020 COVID-19: EMEIA EY Government Support Package
10 Employment support: New rules on short-time work
with state support (page 2 of 2)
Level Reduction in Salary Employer The Reduced cost
New rules on financial How is it accessed? working time reduction Govern- for employers
support provided to An application for support is submitted
ment
employers and employees to the Swedish Agency for Economic 1 20% 4% 1% 14% -19%
have been put in place. The and Regional Growth.
state covers a proportion of Once the application is approved, the 2 40% 6% 4% 30% -36%
salary costs where support is paid cash to the employer
employers and employees from the Agency. 3
* 60% 7.5% 7.5% 45% -53%
agree to reduce the number
of working hours as an 4** 80% 12% 8% 60% -72%
alternative to termination of Practicalities
employment. ** Applies as of 1 May 2020 and only for the months May-July 2020
The new rules on short-time work came
into force on 7 April 2020 but may be
applied retrospectively from 16 March
2020. For more information
A new support level on 80 percent Paula Hogéus
(level 4) is introduced as of 1 May paula.hogeus@law.se.ey.com
2020. Level 4 only applies for the
period May-July 2020. Tel: +46 (0) 72 503 80 85
An application must have been
submitted to the Agency within two
calendar months from the end of the
support month. Otherwise, support may
not be provided for the support month.
The criteria for receiving support need
to be carefully analyzed, since the
decision on preliminary support may
come a long time after a reduction in
working hours has been made.
19 October 2020 COVID-19: EMEIA EY Government Support Package11 Other employment issues
A number of measures for Sick pay from the first day The state covers the sick pay For more information
employers and employees Employees do not normally receive sick During the period April to July 2020, Marie Liebich
have been put in place in pay from their employers during their the Government covers the full cost for
marie.liebich@se.ey.com
order to ease the first day of absence. In order to avoid employees’ sick pay for days 2-14.
consequences of sickness employees going to work while being During August-December 2020, the Tel: +46 (0) 72 573 12 40
sick, employees can, as from 11 March Government will bear employees' sick
absence during COVID-19. 2020, claim a sickness benefit for this pay if related to COVID-19. Employers
Katrin Norell
first day of sickness. The benefit is can claim compensation from the
claimed from the Swedish Social Swedish Social Insurance Agency. The katrin.norell@se.ey.com
Insurance Agency, and amounts to compensation covers salaries, as well as
Tel: +46 (0) 70 318 98 07
SEK 804 from 1 June (SEK 700 before social security contribution and tax paid
this). Sickness benefit can be claimed for their employees.
again after 5 days from the first day of
Self-employed individuals will also be
sickness, if a new sickness period starts.
compensated, until 31 December 2020,
by receiving a standardized calculated
sick pay for the first 14 days of
Doctor’s certificate sickness.
Employees do not need to present a
doctor's certificate during the first 14 Practical payroll considerations
days of sickness in order to receive
sickness pay from the employer. Employers should continue to handle
their payroll according to their normal
From the 15th day of sickness absence, procedure. Employees will therefore not
employees can claim sickness benefits receive any pay from their employer for
from the Government. The Swedish their first day of sickness but will
Social Insurance agency has informed instead claim the benefit from the
that they currently will not request a Swedish Social Insurance Agency.
doctor’s certificate for the first 21 days
of sickness absence in order to receive Compensation for day 2-14 will be paid
sickness benefits. to the employees according to the
normal payroll procedure.
COVID-19: EMEIA EY Government Support Package
19 October 202012 Other cash flow support: Repayment of paid
preliminary income tax
would be favorable where the
Changes have been made to Who is eligible? How is it accessed? adjusted result exceeds
the rules on tax allocation The rules on tax allocation reserves A greater deduction than what is SEK 3,330,000.
reserves for 2019. This may apply to sole proprietors and individuals normally granted can now be made in
result in reduced tax who are partners in partnerships (not to box R34 of the NE form or box 19 of the
liability, and refund of limited companies). N3A form of the income tax return. For more information
already paid preliminary Per Holstad
income tax, for 2019. per.holstad@se.ey.com
What does it cover? Practicalities Tel: +46 (0) 72 206 46 99
The rules on tax allocation reserves for The new rules on tax allocation
sole proprietors and partners in reserves entered into force on 6 April
partnerships have been changed 2020 but apply retrospectively from
temporarily such that the taxable profit 1 January 2019.
for 2019, up to a maximum of SEK
However, the possibility to receive
1,000,000, may be allocated to tax
repayment of paid preliminary income
reserves.
tax by submitting a new preliminary
The taxpayer may alternatively choose income tax return is no longer available
to allocate a maximum amount after 30 June 2020.
corresponding to 30 percent of an
The reduced tax liability for 2019 is still
adjusted positive result (i.e. not the
in place though, and may result in
same as taxable income) to tax
repayment of paid preliminary income
reserves.
tax once the Swedish Tax Agency is
The taxable profit allocated to tax finished with the assessment of the
reserves can be offset against possible regular income tax return.
future loss but, regardless, needs to be
Where the regular income tax return for
reversed after no later than six years, in
2019 has been submitted without the
accordance with the already existing
extra deduction, a new one needs to be
rules on tax allocation reserves.
filled out.
The allocation should not result in a
The option to allocate a maximum
loss.
amount corresponding to 30 percent of
an adjusted positive result for tax
reserves, instead of SEK 1,000,000,
19 October 2020 COVID-19: EMEIA EY Government Support Package13 Other cost reduction measures: Temporary discount
for rental costs
Who is eligible? had to be below the fixed amount For more information
The Government covered up that should have been due during
to 50 percent of rental Landlords who reduced fixed rents for the same period according to the Christian Johard
reductions up to 25 percent tenants in especially vulnerable sectors rental agreement applicable on
christian.johard@law.se.ey.com
of total fixed rent. were able to apply for support to 1 March 2020. The rest of the
compensate part of the rental provisions could not have been Tel: +46 (0) 73 417 62 26
reduction. altered.
Sectors considered vulnerable were
Anders Alfrost
durable consumer goods, hotels and What does it cover?
restaurants and certain other anders.alfrost@law.se.ey.com
industries, but various types of The state covered up to 50 percent of
reduction in fixed rent payment and +46 (0) 73 254 17 56
businesses were included in this. Please
check this list of which SNI codes were limited to a maximum of 25 percent of
eligible (Swedish Standard Industrial total original fixed rent payment, for the
Classification). period between 1 April and 30 June
2020.
To be granted support, the following
conditions had to be met: Maximum amount per tenant were
EUR 800,000.
► The landlord had to have entered
into a rental agreement with a tenant
in an eligible sector on 1 March 2020 How is it accessed?
at the latest. The rent had to be
completely or partly set to a fixed The application process was open
amount in SEK. between 1 July and 31 August 2020,
but is now closed.
► The tenant had to have rented the
premises during the period 1 April to
30 June 2020.
Practicalities
► The landlord and the tenant had to
have entered into a discount This measure has not been prolonged.
agreement on 30 June 2020 at the
latest, and the discount had to apply
to the period 1 April through to
30 June 2020.
► The new rent in the agreement
19 October 2020 COVID-19: EMEIA EY Government Support Package14 Global EY COVID-19 Stimulus Response Tracker
Our tracker provides a Key jurisdictions covered by the Response Tracker include:
snapshot of the policy
changes that have been ► Australia ► Denmark ► Malaysia ► Sweden
announced in jurisdictions ► Austria ► France ► New Zealand ► Switzerland
around the world in
► Belgium ► Germany ► Norway ► Taiwan
response to the COVID-19
crisis. ► Brazil ► Greece ► Puerto Rico ► Thailand
Policy changes across the ► Canada ► Hong Kong ► Singapore ► Ukraine
globe are being proposed ► China Mainland ► Indonesia ► Slovak Republic ► United Kingdom
and implemented on a daily ► Colombia ► Italy ► Slovenia ► United States
basis.
► Cyprus ► Japan ► South Korea
The document will be ► Czech Republic ► Luxembourg ► Spain
updated on an ongoing
basis but not all entries will
necessarily be up to date as
the process moves forward.
To download the latest Response Tracker visit:
ey.com/en_us/tax/how-covid-19-is-causing-
governments-to-adopt-economic-stimulus--
COVID-19: EMEIA EY Government Support PackageContact
15 (page 1 of 2)
Per Holstad Johanna Lundqvist Erik Hultman Martin Carlsson
Tax policy and International tax International tax VAT
controversy martin.carlsson@se.ey.c
johanna.lundqvist@se.ey.c erik.hultmanl@se.ey.com
per.holstad@se.ey.com om om
+46 (0) 70 318 94 68
+46 (0) 72 206 46 99 +46 (0) 70 773 95 73 +46 (0) 70 318 97 79
Marie Liebich Marcel Sikkema Anne-Sofie Gregersen Kristoffer Ståhlbröst
People advisory services Quantitative services Quantitative services Restructuring and
marie.liebich@se.ey.com Grants and incentives Grants turnaround services
+46 (0) 72 573 12 40 marcel.sikkema@se.ey.co annesofie.d.gregersen@ Kristoffer.stahlbrost@se.
m dk.ey.com ey.com
+46 (0) 73 340 77 82 +45 (0) 25 29 49 39 +46 (0) 70 848 84 78
19 October 2020 COVID-19: EMEIA EY Government Support PackageContact
16 (page 2 of 2)
Christian Johard Anders Alfrost Paula Hogéus
Real estate law Real estate law Labor and employment
anders.alfrost@law.se.ey law
christian.johard@law.se.c
om .com paula.hogeus@law.se.ey.
+46 (0) 73 254 17 56 com
+46 (0) 73 417 62 26
+46 (0) 72 503 80 85
Lina Persson Katrin Norell
Knowledge manager Head of Tax, Sweden
lina.persson@se.ey.com katrin.norell@se.ey.com
+46 (0) 732 04 74 01 +46 (0) 70 318 98 07
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