Bank Charges

Costs for maintaining a corporate bank account are deductible. This includes annual fees paid to the bank and additional services such as Swish payments.

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Bank Loans and Interest

Loans are not considered a cost but a liability. Therefore, a loan does not reduce profit. However, there are costs associated with a bank loan, such as administration fees and interest.

Interest and other expenses incurred by a bank loan are deductible.

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Loans from Shareholders and Interest

If the corporation needs to borrow money, you as a shareholder can lend to the company and receive an entitlement to interest. The interest rate should be market-based, i.e., similar to the rate other banks would charge. The interest can also be calculated as the government loan rate + 1 - 3%.

The interest is deductible for the company, and you as the lender are taxed personally at 30% on the interest income.