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Sweden Tax Rate for 2016-2017, 2015-2016, 2014-2015

Sweden Personal Income Tax Rate 2015 onwards

Taxable Income (SEK)

National Income Tax

Municipal Income Tax

 

0 - 430,200

 

0%

 

32%

 

430,200 - 616,100

 

20%

 

32%

 

Over 616,100

 

25%

 

32%

 

Sweden Income tax rates for residents and non-residents

Employment income for non-residents and investment income are subject to tax at flat rates, 20 percent and 30 percent respectively. Employment income for residents and business income for both residents and non-residents are subject to both municipal income tax and national income tax. Municipal income tax is levied at a flat rate, which varies from one municipality to another. The present average rate is 31.99 percent. National tax is levied at a rate of 20 percent on the portion of earned income between SEK 430,200 and SEK 616,100. The rate is 25 percent on the portion of earned income exceeding SEK 616,100.

Residents

Income tax table for 2015 Employment income and Business income

Municipal Income Tax on Earned Income and Business income

Levied with 31.99% (average rate) on total of taxable income.

National Income Tax on Earned Income and business income

Sweden Personal Earned Income Allowance

Full Year Residents

 

Total Income (SEK)

 

Allowance (SEK)

 

18,900 - 44,400

 

18,900

 

44,500 - 120,900

 

19,000 - 34,200

 

121,000 - 139,000

 

34,300

 

139,100 - 350,000

 

34,200 - 13,200

 

350,100 and above

 

13,100

 

Part Year Residents Receive

A prorated portion of the minimum SEK 13,100 full year allowance.


Personal tax credit for People in Work (Work Allowance)

 

Total Income (SEK)

 

Credit (SEK)

 

19,000 - 40,4944

 

32 - 6,908

 

40,495- 130,829

 

6,908 - 11,576

 

130,830 - 359,559

 

11,577 - 26,480

 

359,560 and above

 

26,487

The calculation above is assuming a municipal tax rate of 31.99% (average rate) and that the tax payer is tax resident in Sweden during the whole year of 2015.

Sweden Income Tax Rates 2014 and Deductions

Sweden Income Tax Rate for Individual Tax Payers

Lowest Individual Tax Rate is 30% and Highest Rate is 50%

Taxable Income (SEK)

Tax Rate %

 

0 - 420,800

 

30%

 

420,8010 - 602,600

 

50%

 

Over 602,600

 

55%

 

 

There is a 25% expatriate flat tax rate for non-residents.

Married persons are taxed separately

Taxable income includes

income from employment (deemed to form only one source), is taxed for Municipal tax up to the threshold and for National tax for the exceeding part.
income from business (may include various sources of income), is taxed for Municipal tax up to the threshold and for National tax for the exceeding part.
income from capital (deemed to form only one source) is taxed separately. No Municipal tax is levied.

Deductions permissible for 2014 including:

basic allowance between approx. SEK 18'800 and SEK 34'200 depending on the amount of income,
work related traveling costs,
premiums paid for private pension insurance and alimony,
expenses incurred due to double accommodation and home travel during temporary assignments away from ordinary place of work for up to two years for single individuals and five years for married couples.

Corporate Tax Rates in Sweden

The full rate of company tax in Sweden is 24%.

Capital Gains Tax in Sweden

On income from capital you pay tax of 30 per cent.
If you have a deficit from capital because your deductions are larger than the income, your tax is automatically reduced in the form of a tax reduction when calculating your final tax. The tax reduction is 30 per cent of the deficit up to SEK 100 000. If the deficit is greater, you will receive a tax reduction of 21 per cent on that part of the deficit that exceeds SEK 100 000.

Local government charge on real estate

If you own a detached or semi-detached house in Sweden you will have to pay a local government charge. A local government charge of 0.75 per cent of the tax assessment value will be levied on ownership of real estate, but with a maximum of SEK 7 112 per year. The local government charge will be paid for the whole income year by the registered owner at the beginning of the year.

No local government charge has to be paid in Sweden for private residences situated abroad.

Sweden Dates of filing Returns / Reporting and Payment

Tax Year 1 January to 31 December
Tax Return due date 2 May

 
 

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