Europe, Middle East and Africa Tax Facts 2012 - Crowe Horwath ...

SWEDEN
INCOME TAX RATES 2012
Individuals
46
Taxable Income (EUR) Tax Rate (%)
Up to 2,077 0
From 2,077 - 46,011 31 - 34
From 46,011 - 65,244 51 - 54
Over 65,244 56 - 58
Companies
Taxable Income (EUR) Tax Rate (%)
All income 26.3
VALUE ADDED TAX (VAT)
The standard VAT rate is 25% but reduced to 12% on e.g. foods and hotel rooms,
and 6% on e.g. newspapers, books, magazines, transfers of copyrights and
personal transportation.
CAPITAL GAINS TAX (CGT)
Individuals
A 30% fl at tax rate is levied on capital gains and 22% on personal dwellings. Capital
gains on personal belongings are tax-free up to a limit of EUR 5,050.
Companies
The tax rate on capital gains is 26.3%. However, capital gains are tax-free on unquoted
shares and if quoted and held for at least 12 months, the shareholding represents at
least 10% of the voting power or the shares are held for sound business reasons.
LOSSES
Losses are normally fully deductible in companies except for losses on shares if capital
gains on the particular shares would have been tax-free (see above). Losses on
portfolio investment shares/certain real estate may only be offset against capital gains
on such assets or carried forward indefi nitely to be set off against such capital gains.
TREATY NETWORK
79 countries (complete treaties).
WITHHOLDING TAX
Dividends: 30% but usually reduced to 0% on dividends from subsidiaries
Interest: 0%
Royalties: 0% but often taxed by direct assessment.
CONTACT:
Lars Engström
lars.engstrom@crowehorwath.se
Tönnerviks Horwath Revision
S. Vallviksvägen 12
352 51 Växjö
Sweden
Tel: +46 470 795 600
www.crowehorwath.se
Europe, Middle East and Africa Tax Facts 2012
Last updated: May 2012