The amendments, scheduled to take effect Monday, involve temporarily reducing employers' social security contributions and payroll taxes, which will also be reduced for sole traders and people who are joint owners in Swedish partnerships, the statement said.
The changes are expected to add 35 billion kronor ($3.4 billion) to the country's borrowing needs, according to the statement.
Businesses reporting value-added tax annually are due to receive a respite on VAT payments reported between Dec. 27, 2019, and Jan. 17, 2021, the statement said.
In response to the global outbreak of the virus, many countries have announced changes to their tax systems to take cash flow pressure off businesses to help them cushion a drastic drop in earnings.
The spread of the virus has forced countries across the world to put draconian curbs on public life at a level not seen in peacetime. Though Sweden has implemented some restrictions, public life there remains less affected by the pandemic than in most of its European neighbors.
The country's Finance Ministry didn't respond to a request for comment on the tax changes.
--Editing by Neil Cohen.
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