Payroll Services for Sweden Contractors
Employment status in Sweden
Workr International can provide a full range of payroll services in Sweden. You’ll be engaged on our payroll and income is paid in the form of salary, allowances and expenses, the proportion of each part depending on your circumstances.
For salary, tax and social security, we deduct your tax and social security at source on a PAYE basis, and payments are made to the authorities on your behalf.
You can reduce this taxable amount by offsetting some business expenses. There are different tax rates and bands according to your earnings level and marital/family status. We’ll discuss your personal circumstances with you and help you minimise your tax and social security liabilities, within the boundaries of Swedish legislation. As for your tax return, we’ll take care of this for you. It gets filed each year in Sweden, with advice and help from us.
You can reduce this taxable amount by offsetting some business expenses. There are different tax rates and bands according to your earnings level and marital/family status. We’ll discuss your personal circumstances with you and help you minimise your tax and social security liabilities, within the boundaries of local legislation. As for your tax return, we’ll take care of this for you. It gets filed each year in Singapore, with advice and help from us.
Income tax in Sweden
Sweden’s got one of the highest personal income tax rates in the world, clocking in at 56.9% Foreigners living in Sweden are taxed based on how long they’ve lived in the country. To be considered a Swedish resident for tax purposes, an expat must either have a permanent home in Sweden or have stayed in the country for more than six months in a year.
Non-residents who are working in Sweden on a temporary basis are usually taxed only on that income earned while in the country, while residents are taxed on their income, including capital gains and pensions, regardless of the country of origin.
Residents are subject to Swedish taxes on their worldwide income. Foreign key personnel, who are experts and scientists with knowledge and skills that are scarce in Sweden, may benefit from an expatriate tax regime. Expatriates may take advantage of the tax regime only if their applications are approved.
The regime applies to individuals whose periods of assignment will not exceed five years, and tax relief may be granted for only the first three years. An individual who has resided in Sweden at any time during the five years preceding the calendar year when the assignment starts is not entitled to tax relief under this regime. Non-residents who perform work in Sweden are taxed at a flat rate of 25%, and no deductions are allowed. This tax is imposed as a final withholding tax.
Payroll Services in Sweden?
Workr International are well equipped to handle your Sweden payroll services. Salary, taxes and social security made simple with our internationally renowned payroll solutions.
Our approach to overseas payroll minimise your liabilities leaving you worry-free. Workr International provide comprehensive payroll services for Sweden and worldwide.