Income Tax Rates In Sweden

11 county and 20 municipality tax which is the swedish average.

Income tax rates in sweden. National tax is only paid on annual income over a certain amount this was 490 700 kronor 52 400 in 2019 but due to deduction rules you can earn a fair bit more without actually having to pay state tax. The sink tax rate on seafarers income is 15 per cent. 0 from 0 kronor to 20 008 kronor. Special income tax for non residents sink sink is paid on income from employment at the rate of 25 per cent.

This article only looks at the total local tax rates which are set to increase next year. How does the sweden tax code rank. The first step towards understanding the sweden tax code is knowing the basics. Tax in sweden is high and sweden has the 2nd highest tax rate in europe but like denmark the feeling for tax here is not as hated as other places in europe like the uk.

Sweden has a progressive income tax the general rates for 2018 are as follows based on yearly incomes. Employment income tax for non residents non residents working in sweden for a swedish employer or a foreign employer with a permanent establishment pe in sweden are taxed a flat rate of 25 at source. Special income tax for non resident artists sportsmen etc. 490 700 00 income from 0 01.

Below we have highlighted a number of tax rates ranks and measures detailing the income tax business tax consumption tax property tax and international tax systems. Income tax rates and thresholds annual tax rate taxable income threshold. From 20 008 kronor to 468 700 kronor. The personal income tax rate in sweden stands at 57 20 percent.

Personal income tax rate in sweden averaged 56 60 percent from 1995 until 2020 reaching an all time high of 61 40 percent in 1996 and a record low of 51 50 percent in 2000.