Sweden Budget Bill 2023 Includes Increased Deduction for R&D Employees and Other Measures

The Swedish Government has announced the Budget for 2023. One of the main tax measures of the budget for companies is an increase in the so-called R&D deduction, which provides for lower employer and general wage contributions for employees conducting R&D activities in a company. As proposed, the maximum total deduction from an employer's contributions that may be taken for all employees working in R&D is increased from SEK 600,000 to SEK 1.5 million per month. This is to apply f…