Individuals who are liable to Swedish tax have to pay tax on their world-wide income and capital gains. A Foreign national will be liable to tax if he is regarded as resident in Sweden or spends more than 183 days a year in Sweden. Individuals pay both income tax and municipal income tax – this is broken down to an approximate 30% on visible tax and can be up to another 30% in hidden taxes. The average tax is 57.77% with the highest rising to 61%.
If you’d like to discuss net retentions further for Sweden contact us now and provide us with information on your specific situation.
With our vetted Contractor Management partners we will ensure that you net the highest % possible of your gross income whilst ensuring that you are compliant with all Sweden regulations and those of your home country.