| 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% |
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.
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
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 |
A prorated portion of the minimum SEK 13,100 full year 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.
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
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.
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.
The full rate of company tax in Sweden is 24%.
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.
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.
Tax Year 1 January to 31 December
Tax Return due date 2 May