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Capital:
Stockholm
Form of government:
Hereditary monarchy
Area:
449 964 км2
Population:
9 million
Currency:
Swedish Krona (SEK)

Taxation in Sweden

Tax system

There is a full tax obligation for companies-residents of Sweden that all income of the enterprise is subject to. Under the standard scheme, the amount of income tax is 28%. An enterprise may be also given a postponement in case of taxation of unused resources. Then the rate will drop to 26%. What part of the profit is subject to taxation? This is defined as follows: the amount of production costs is subtracted from the balance profit, as well as those funds that will go to the sale of products and payment of taxes. Such obligations apply to all enterprises, except those that prepare entertainment activities.

Tax liabilities of companies in Sweden

  • The amount of VAT is 25% of the price of the product or service. At the same time, food has its own rate - 12%, and for periodicals even less - 6%.
  • The receipt of dividends and rewards, as well as royalties and winnings is subject to a 25% tax.
  • The amount of corporate income tax varies between 27-34%.
  • The amount of income tax for non-residents is calculated from 75% of the income received by the enterprise for the last 3 years.

When taking into account the application of the Law on Double Taxation, the amount of corporate income tax for non-resident companies may be about 15%. And these are quite favorable conditions for placing business in European jurisdiction.