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Do you live in Sweden and own shares etc. in another Nordic country?

This applies to persons resident in Sweden who own shares in a company or units in investment trust in another Nordic country. This information deals  only with taxation of income from shares and units in investment trusts.

Dividends

Taxation in the source country

Income from dividends may be taxed under the Nordic tax treaty in the country where it is paid, although at a maximum rate of 15 %.

If tax has been incorrectly withheld at more than 15 % in the other Nordic country you may request repayment of the excess amount that has been withheld. Contact the tax administration in the other Nordic country for further information.

Taxation in Sweden

If you draw a dividend on listed shares or trust units from companies or trusts that are based in another Nordic country this dividend is taxed in Sweden under income from capital at 30 % (special rules apply to unlisted shares and units). If taxation also takes place in the country of payment you avoid double taxation by claiming in Sweden, where you reside, a tax credit for the tax that has been paid in the other Nordic country. Deduction is allowed however at a maximum rate of 15 %. If you have a deficit on capital you may instead claim a deduction under income from capital of the amount you have paid in tax in the other country.

Capital gains

If you have capital gains from the sale of listed shares or units in funds from other Nordic countries these capital gains are taxed in Sweden.

These capital gains are taxed as income from capital and the rate of tax is 30 % (special rules apply to unlisted shares and units). If you have sold some shares at a profit and some at a loss you have the right to set off the whole loss against the profit. If after set off you have a loss you may make a deduction of 70 % for that. More information on taxation in Sweden is contained in the brochure "Försäljning av aktier" [Sale of Shares] (no. SKV 332) which may be found on skatteverket.

Under the Nordic tax treaty profits on the sale of shares in companies based in a Nordic country other than the one in which you are resident are in certain cases also taxed in the Nordic country where the company is based. The precondition for this is that you have been resident in that country and the sale takes place during the year when you left and took up residence in Sweden, or one of the five years following the year when you left. If taxation also takes place in the other country it is Sweden that has to eliminate the double taxation. This is done by claiming a tax credit or a deduction for the tax that has been paid in the other Nordic country. However tax credit is allowed only to a maximum amount equal to the Swedish tax payable on the capital gain. If you have a deficit from capital you may instead claim a deduction under income from capital of the tax that you have paid in the other country.

 

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