In this page:
Accounting Rules |
Tax Rates |
Intellectual Property |
Legal Framework |
- Tax Year
Four tax years are possible: from 1 January to 31 December; from 1 May to 30 April; from 1 July to 30 June or from 1 September to 31 August.
- Accounting Standards
Swedish accounting standards conform to IAS standards.
- Accounting Regulation Bodies
- Accounting Reports
The annual reporting must contain a profit and loss account, a balance sheet, notes and an annual report. Large companies and companies listed on the stock exchange must also provide a statement of source and application of funds.
Swedish accounting mostly conforms to the principles set out in the texts of the 4th Directive. However, some national particularities remain; some of them are allowed by the 4th Directive:
- the presentation of certain items (subscribed capital not paid up, equalization accounts, set-up costs, intangible assets, footnotes) corresponds to the specifics of the country
- it is the same for the distinction between distributable and non-distributable equity capital, and the separation into three parts of operating activities: production, distribution and administration.
On the other hand, some of them are not, as for example:
- un-taxed reserves
- depreciation allowances and appropriations to the reserve
- elements affecting accounting
- exceptional operations.
- Publication Requirements
All joint-stock companies have to send a copy of their annual report to the legal authorities of the country.
- Professional Accountancy Bodies
Foreningen Auktoriserade Revisorer , Institute for the accountancy profession in Sweden.
Bokforingsnamanden , Swedish Accounting Standards Board (in English)
Svenska Revisorsamfundet , Swedish Association of Auditors (in English)
- Certification and Auditing
Companies have to seek a statutory auditor to conduct an annual audit of the financial health of their organization. You can contact the FAR SRS (professional institute for authorized public accountants and approved public accountants).
- Accounting News
International Accounting news
EIN Northern Europe Accounting News
- Nature of the Tax
MOMS (mervardesskart) - Value Added Tax (VAT).
- Tax Rate
- Reduced Tax Rate
Reduced rate of 12%: foodstuffs, hotel services, camp sites and imports of artworks.
Lowest rate of 6%: newspapers, passenger transport services and cultural events.
- Other Consumption Taxes
Tax on energy products, several sorts of stamp duty (the highest is 2% and is applicable to real estate transactions), tax on the sale of shares and securities (30%), vehicle tax (it varies according to the weight of the vehicle and is higher for diesel cars), excise tax (very high, levied on alcohol and tobacco).
Learn more about Service Providers in Sweden on Globaltrade.net, the Directory for International Trade Service Providers.
- Company Tax
- Tax Rate For Foreign Companies
Resident companies are taxed on their global income while foreign companies are taxed on the profits they make in Sweden.
- Capital Gains Taxation
Non tax exempt capital gain tax are included in business income and taxed at 22%.
- Main Allowable Deductions and Tax Credits
Deductible, expenditure must be incurred for the purposes of the business. For partnerships and limited partnerships, taxable income is determined in a similar way as for corporations. Companies are allowed to make provisions to a tax allocation reserve of up to 25% of taxable income. The provision must be dissolved after six year
- Other Corporate Taxes
Property taxes: from 0.2 to 2.8% on commercial premises, and industrial properties.
- Other Domestic Resources
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.
Country Comparison For Corporate Taxation
|Number of Payments of Taxes per Year
|Time Taken For Administrative Formalities (Hours)
|Total Share of Taxes (% of Profit)
- Last Available Data.
|Individual income tax
||It is comprised of two major parts: A municipal tax rate between 28.9% and 34.2% and a national tax rate between 20% and 25%. the combined tax burden is as follows:
|From SEK 18,800 up to SEK 433,900
|From SEK 433,901 up to SEK 615,700
|Over SEK 615,700
|There is a flat tax rate for non-residents.
- Allowable Deductions and Tax Credits
Deductions for business travel expenses, rise in cost of living (rise in rent for example).
- Special Expatriate Tax Regime
Tax reductions for certain expatriate management personnel (limited duration of 5 years). Flat rate reduction of 25%. This measure is only possible during the first three years of work and is reserved exclusively for people who do not have Swedish nationality.
Double Taxation Treaties
- Countries With Whom a Double Taxation Treaty Have Been Signed
Consult the Swedish Tax Department
- Withholding Taxes
Dividends: 30%, Interests: 0%; Royalties:0%.
Learn more about Taxes and Accounting in Sweden on Globaltrade.net, the Directory for International Trade Service Providers.
- Independence of Justice
Judicial power in Sweden is totally independent.
- Equal Treatment of Nationals and Foreigners
Foreign nationals can have an impartial trial.
- The Language of Justice
Swedish is the language of justice, but English is commonly used.
- Recourse to an Interpreter
- Sources of the Law and Legal Similarities
The legal system is based on a system of civil law influenced by common law. The main law is the Constitution of 1974. As Sweden belongs to the European Union, its national law must submit to the conditions of Community legislation.
- Checking National Laws Online
Legal research on the web: Sweden
Learn more about Lawyers and Legal in Sweden on Globaltrade.net, the Directory for International Trade Service Providers.
- National Standards Organizations
Swedish Standards Institute(Standardiseringen i Sverige)
Swedish organization for telecommunications standards
Swedish committee for electrotechnical standards
- Integration in the International Standards Network
Member of the International Organization for Standardization (ISO)
Member of the International Telecommunications Union (ITU)
Member of the International Electrotechnical Commission(IEC)
Member of theEuropean Committee for Standardization (CEN)
Member of the European Telecommunications Standards Institute (ETSI)
- Classification of Standards
ISO and IEC standards, as well as ASTM, DIN, BSI, ASME, SAE, IEEE, API, ANSI, UL, MIL
For further information, consult the SIS website.
- Online Consultation of Standards
- Certification Organizations
Swedish Board for Accreditation and Conformity Assessment
SP Swedish institute for technical research
SEMKO-DEKRA (Quality and environmental certification).
- General Information
Official portal, very useful for knowing how to do business in Sweden.
Advice for business relations
- Opening Hours and Days
Saturday and Sunday closed, or just Saturday afternoon and Sunday for shops. All-day opening.
| New Year's Day
||the Friday before Easter
||the sixth Thursday after Easter
|Saint John's Day
||a Saturday between 19 and 29 June
||1st Saturday of November
||24, 25 and 26 December
- Holiday Compensation
When a public holiday falls on a Thursday, most Swedish people take the Friday off.
Periods When Companies Usually Close
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Last Updates: October 2014