The Swedish Tax Agency Jan. 23 announced increased interest rates on residual and deferred taxes, effective Feb. 1. The rates are increased to: 1) 3.75 percent from 2.5 percent, for the low cost rate; 2) 18.75 percent from 17.5 percent, for the high cost rate; and 3) 1.68 percent from 1.12 percent, for the tax account income rate. The tax agency further clarified that taxpayers must make payments before Feb. 1 to avoid paying the increased interest rates. [Sweden, Tax Agency, 01/23/23]

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