On 31 March 2015, the Swedish tax authority issue revised guidance to clarify the deductibility of negative interest charged by banks. According to the guidance, negative interest charges may be treated as a tax-deductible expense for legal entities. However, for individuals, negative interest charges are not deductible, regardless of whether the charge is calculated based on the account balance and the length of time the funds are kept in the account.
Negative interest rates have become an …