Payroll tax

Payroll tax, sum: 31,42 %

Health insurance fee

3,55 %

Work injury fee

0,20 %

Labor market fee

2,64 %

General payroll fee

11,62 %

Pension fee

10,21 %

Survivors pension fee

0,60 %

Parental insurance fee

2,60 %



Self-employed contribution - sole proprietorship ("enskild firma/näringsidkare") & general partnership ("handelsbolag")

Self-employed contribution, sum:
28,97 %

Health insurance fee

(7 waiting days) 3,64 %

Work injury fee

0,20 %

Labor market fee

0,10 %

General payroll fee

11,62 %

Pension fee

10,21 %

Survivors fee

0,60 %

Parental insurance fee

2,60 %



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Price base amount

Income base amount

66.800 kr

Price base amount

47.300 kr

Heightened price base amount

48.300 kr

Gift allowance (figures including VAT)

Christmas gift

450 kr

Jubilee gift

1.350 kr

Memorial gift

15.000 kr

Debt collection fees

Late payment penalty

450 kr

Reminder fee

60 kr

Debt collection service fee

180 kr

Amortization plan fee

170 kr

Amortization notification fee

60 kr/notification

Service fee for injunction to pay

380 kr

Application fee for injunction to pay

300 kr

Service assistance fee

420 kr

Application fee for service assistance

300 kr

Execution cost

600 kr/year

Business income 2020 (taxation year 2019 between parentheses)

Periodization fund, sole proprietorship & general partnership

30 %

Periodization fund, limited/incorporated company & foundation

25 %

Positive interest adjustment

6,0 % (6,51 %)

Negative interest adjustment

1,50 % (1,51 %)

Expansion fund tax

22 %

Business tax (limited/incorporated companies, foundations, cooperatives, non-profit associations and life insurance companies)

21,4 %

Standard deduction for self-employed contribution

25 %

Standard deduction for payroll tax

20 %

Meal allowance

Breakfast

45 kr

Lunch/Dinner

98 kr

100% free meal

245 kr

Vi hjälper dig till ett framgångsrikt företagande.

FÖlj vårt nyhetsbrev 

Mileage allowance

Private car

18,50 kr/mil

Company car gasoline

9,50 kr/mil

Company car diesel

6,50 kr/mil

VAT

25 %

(20 % of the price) the general tax figure

12 %

(10,71 % of the price) e.g. provisions, restaurant services

6 %

(5,66 % of the price) e.g. personal transports, books

Representation (VAT deductions)

Internal representation: (lunch, dinner, supper)

300 kr (excl. VAT)

External representation: (lunch, dinner, supper)

300 kr (excl. VAT)

What you need to know about representation in Sweden

 

 

Interest rates in percentages

Interest on overdue payment (reference rate + 8,00 %)

8 %

Government borrowing rate (average 2019, 2019-12-31)

0,03 %

Reference rate (2020-01-01)

0,00 %

Prime rate (2020-01-08)

0,00 %

Health insurance and pension

Top sickness allowance-entitled income 2020

378 400 kr

Top parents' allowance 2020

473 000 kr

Top pension-entitled income 2020

538 700 kr / year or
44 892 kr / month

Bottom sickness allowance-entitled income 2017

11 300 kr

Insurances every entrepreneur should have

Sick pay

Day 1 - 14 Karensavdrag

This one time-cut is 20 % of the sick leave payment, based on an average working week. What you need to know about the Karensavdrag

Day 15 -

Sick pay from Försäkringskassan. Read more at Försäkringskassan's website.

Government income tax bracket (confirmed income from employment 2020)

20 % government tax

509 400 kr (490 700 for 2019)

 What you need to know on income tax in Sweden 2020

Travel allowance inside Sweden

Full day

240 kr

Half day

120 kr

Overnight if the employer do not pay for a hotel

120 kr