Until June 2, the Swedish Tax Agency has granted a postponement with tax of SEK 36 billion, due to the corona pandemic. The deferments affect 30,000 companies. This is stated in a new report from the Swedish Tax Agency.
Nearly half of all companies that have been granted temporary deferral are found in the trade, hotel and restaurant operations as well as legal and other activities. Hotel and restaurant operations as well as taxi traffic are the industries that most companies applied for, calculated as the proportion of those who had the opportunity to apply.
At the request of the Ministry of Finance, the Tax Agency follows indicators that can contribute to an early picture of the economic development in connection with the outbreak of covid-19 in Sweden. This applies to deferred tax, preliminary declarations, turnover based on VAT declarations, employer declarations, debt development in the tax account and new and deregistrations for F-tax, VAT and employers.
Compared to April 2019, companies’ turnover on the basis of VAT returns has fallen by 10 percent or more in eight sectors. Sales have fallen most in hotel and restaurant operations, culture, entertainment and leisure and other service operations. However, less than a third of companies have so far declared for April, so the picture may change.
About a third, 36 percent, of May’s employer declarations have been received so far. A comparison between May 2019 and 2020 shows continued declines in payrolls in hotel and restaurant operations, where payrolls have decreased by 21 percent. The number of employees decreases even more, by 32 percent. The same pattern can also be found in companies in the culture, entertainment and leisure industries, where the decline in the number of employees – 25 percent – is significantly greater than the decrease in payroll, which was 12 percent.
Statistics from preliminary declarations for May indicate continued slightly higher levels in the number of changes than a normal year.