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N9 - Limitation of interest deduction, Other information tab
G. Information on remaining negative net interest income (optional)
The section is used to calculate the size of the taxation year's remaining negative net interest income.
The EBITDA rule must be applied to use the right for deducting this year's net interest income, that has not been deducted in full, a later year. The deduction basis is calculated in section D.
The EBITDA rule requirement applies to the taxation year where the negative net interest was not deducted of in full as well as the tax year the deduction is utilised.
The EBITDA rule
EBITDA stands for Earnings Before Interest, Taxes, Depreciation and Amortization. According to the so-called EBITDA rule, a negative net interest income can be deducted by 30 percent of a deduction basis (deduction margin) that corresponds to a company's tax EBITDA, i e a taxable profit before interest, tax, write-downs and depreciation (Inkomstskattelagen, chapter 24, §24).
The simplification rule
According to the simplification rule, instead of what is stated in the EBITDA rule, a negative net interest income may be deducted by up to 5 million SEK without examining whether the amount falls within the deduction space (Inkomstskattelagen, chapter 24, §24. The amount limit is not affected by whether a company has extended or shortened the financial year.
Specification of residual negative net interest income
The section can be used as a specification of any remaining negative net interest income. Any unused remaining amount is moved down in the specification each taxation year until it falls due in time.
Deductions for a remaining negative net interest income must be made within six years after the taxation year in which the remaining negative net interest income arose. A previously incurred residual negative net interest income must be deducted before a later one.
In the event of certain changes of ownership, the right to use the deduction according to Inkomstskattelagen, chapter 24, §27. The same applies to certain mergers and demergers according to Inkomstskattelagen, chapter 37 §26 a.
Related topics
Legal guidance from - Limited deductability for negative net interest income
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Tax calculation for limited companies and economic associations
