The Swedish Tax Year: A Comprehensive Guide
Tax Return Filing
Swedish individuals must file tax returns for the preceding calendar year. The tax authority typically sends out tax return forms in April, and they must be submitted by May.
Filing Date
The standard filing date for tax returns in Sweden is May 2 of the year following the calendar year. If May 2 falls on a Saturday or Sunday, the filing date is moved to the following Monday. Individuals may request an extension for the filing date.
Tax Assessment
After tax returns are filed, the tax authorities assess income taxes by applying the appropriate tax rates to the aggregate taxable income from various sources. Spouses are taxed separately. Tax assessments are typically issued between June and December of the same year the tax return is filed.
Payment of Taxes
Preliminary taxes are usually withheld by resident employers. Non-resident employers require employees to submit tax payments to the tax authority themselves. Any income taxes not covered by the preliminary taxes withheld must be paid by the individual within 90 days after the final tax bill is issued. Interest may be levied if the taxes withheld do not cover the final tax liability.
References
- Taxes – what to expect | Move to Gothenburg
- Sweden – Individual – Tax administration
- Declaring taxes – for individuals | Skatteverket
FAQs
When is the Swedish tax year?
The Swedish tax year is the calendar year, from January 1 to December 31.
When are tax returns due in Sweden?
Tax returns are typically due on May 2 of the year following the calendar year. If May 2 falls on a Saturday or Sunday, the filing date is moved to the following Monday.
Who is required to file a tax return in Sweden?
All individuals who are resident in Sweden are required to file a tax return. This includes Swedish citizens, as well as foreign nationals who have lived in Sweden for more than 183 days in a calendar year.
What information is required on a Swedish tax return?
Swedish tax returns require information about your income, deductions, and expenses. You will need to provide information about your employment income, business income, capital gains, and any other sources of income. You will also need to provide information about your deductions and expenses, such as mortgage interest, charitable donations, and travel expenses.
How are taxes calculated in Sweden?
Taxes in Sweden are calculated based on your taxable income. Your taxable income is your total income minus any allowable deductions and expenses. The tax rates in Sweden vary depending on your income level.
When are taxes due in Sweden?
Preliminary taxes are usually withheld by your employer. Any income taxes not covered by the preliminary taxes withheld must be paid by the individual within 90 days after the final tax bill is issued.
What are the penalties for late filing or payment of taxes in Sweden?
Late filing or payment of taxes in Sweden may result in penalties and interest charges.