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Sweden » Taxes
It is compulsory for everyone living or working in Sweden to pay taxes. Tax rates in Sweden are very high even higher than UK.
Permanent residents are required to pay tax on their worldwide gains and capital gains. Temporary residents are required to pay tax on Swedish sources that is Swedish employment or property. Non-resident landlords are taxable on rental income accruing in Sweden at a rate of 30%. Sweden Property TaxSweden property tax is payable annually at a rate of around 1.5% of the property's regularly assessed value. New or renovated homes are exempt from property tax for five years and charged at 50% of the normal rate for the next five years. Corporate TaxThe corporate tax rate is 28%. Capital Gains TaxIn Sweden, Capital gains tax is charged at a general rate of 30%. Land Tax1% on commercial premises value, 0.5% on industrial goods value. Inheritance TaxThere is no inheritance or gift tax in Sweden. Inheritance tax in Sweden was abolished in January 2005. VATVAT is payable on almost all goods and services in Sweden, construction of buildings etc usually at 25% of the price, and excise duty is payable on some items such as alcohol and tobacco. Wealth Tax
Net wealth tax is payable on assets including real estate, bank deposits, bonds and shares, and property tax must be paid by anyone owning a property or land or Sweden.
Wealth tax is charged at 1.5% of taxable amounts in excess of SEK 800,000 (£56,000 / $83,000). |
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Live Rates as of 30-11--0001 07:0 GMT
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