Denmark
Iceland
Norway
Finland
Sweden
Menu

Tax rates - 2018

Persons with unlimited tax liability

Taxable earned income

You can deduct a basic allowance of between SEK 13 400 and  SEK 35 100 on taxable earned income (employment and business activity) if you have had unlimited tax liability for the whole year.

After the basic deduction you pay the following taxes on taxable earned income: municipal tax in your municipality of residence (approx. 29-34 per cent), church tax and burial charges (approx. 1-2 per cent), state progressive income tax. State income tax is 20 per cent of that part of your taxable earned income that exceeds SEK 468 700 (2017: SEK 452 100). If your taxable earned income exceeds SEK 675 700 (2017: SEK 651 700), you have to pay state income tax of a further 5 per cent on that part that exceeds SEK 675 700 (2017: SEK 651 700).

Income from capital

Capital gains on shares interest- and dividend-incomes are taxed as income from capital and the tax rate is a flat rate of 30%. If you are letting your private residence or are selling a private residence is the profit also taxable as income from capital. In connection with letting the whole income is base for the taxation but in connection with sale of private residence the base is 22/30 of the profit. Tax is imposed with a rate of 30% of the base.

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 goverment 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 7 812 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.

Persons with limited tax liability

Special income tax for non-residents (SINK)

SINK is paid on income from employment at the rate of 25 per cent. The SINK-tax rate on seafarers' income is 15 per cent.

Special income tax for non-resident artists, sportsmen etc. (A-SINK)

A-SINK of 15 per cent is paid on remuneration of artistes, sportsmen etc.

Taxable earned income

On income from business activity you pay municipal tax of 25 per cent and state progressive income tax. The state income tax is 20 per cent on that part of your taxable earned income that exceeds SEK 455 300 (2017: SEK 438 900).  If your taxable earned income exceeds SEK 662 300 (2017: SEK 638 500) you must pay state income tax of an additional 5 per cent on the portion exceeding SEK 662 300 (2017: SEK 638 500).

If you choose to be assessed on your income from employment under ordinary rules instead of SINK you pay the same tax as on income from business activity but you pay municipal income tax of 32,12 per cent instead of 25 per cent.

Income from capital

Capital gains on shares interest- and dividend-incomes are taxed as income from capital and the tax rate is a flat rate of 30%. If you are letting your private residence or are selling a private residence is the profit also taxable as income from capital. In connection with letting the whole income is base for the taxation but in connection with sale of private residence the base is 22/30 of the profit. Tax is imposed with a rate of 30% of the base.

If you have a deficit from capital, 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.

Property charge

If you own a detached or semi-detached house in Sweden you will have to pay a local government charge. The property charge is 0.75 per cent of the tax assessment value, but with a maximum of SEK 7 812 per year.  The property charge will be paid for the whole income year by the registered owner at the beginning of the year.

 

Menu
 
Logo