ARTICLE · 28 FEBRUARY 1996
Doing Business In Sweden - Tax System
SwedenAccounting and Audit
Sweden enacted a major tax reform with effect from January 1,1991, and since then there has been several conforming adjustments of the tax system. The tax reform broadened the tax bases for both corporate and individual income tax purposes at the same time as the nominal income tax rates were reduced. The current corporate tax rate in Sweden is one of the lowest in Western Europe. The 1991 tax reform also broadened the tax base for the value-added tax. The intention of the current Government is to continue with the tax reform whereby no tax increases are expected in the near future.
Foreign investors should, however, be aware of the high rates of social security taxes, which are mainly paid by employers.
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