Tax Treaty : Right to Tax
My story with managing taxes as an expat in Sweden who also has income via capital gains in my origin country India. Initially, as a young engineer who moved to Sweden for a job, I thought any income generated in India (it can be Brazil, USA, or EU also) was taxable ONLY in India or […]
Income to be Declared to Skatteverket
Sweden has the right to tax worldwide income, hence it’s your duty to carefully report any income you have in your home country or other parts of the world. Most common income which needs to be declared is: Bank Interest Fund/Stocks/Dividends sale Rental income or Property sold ESOP/RSU Freelance income Deductions which you can claim […]
Tax Deduction
It’s time for Tax declaration in Sweden every March: Let’s understand the various deductions a private person is eligible for: Interest Deduction: If you have loans in Sweden and you have repaid these loans to the bank, then the interest amount is automatically shown in section 8.1 (Please check the information is correct. Note: CSN […]
Tax Deduction for Job Seeker
Dear Jobseeker in Sweden: Skatteverket is providing a deduction for job seekers as an exception if there is a requirement to actively search for work: This means if you are receiving Bidrag from Arbetsförmedlingen (via Försäkringskassan) and are required to actively search for a job, you are allowed a deduction for costs above 5000 Kr. […]
Swedish Tax System
When we moved to Sweden, we think it’s only income tax that applies to us. But as I try to learn more about the tax system for private individuals, there are various scenarios and the tax rates also change. Expert Tax Relief: It’s one of the best cost-saving ways for companies and also for expats […]
Parents Love Sweden
SWEDEN is a unique country in the world which provides so much support to parents! Right from free pregnancy delivery, 10 days childbirth leave for fathers, and also 240 days parental leave for each parent 🙂 These parental leaves help new parents adapt to a new way of life and also provide the opportunity to […]
Before Moving to Sweden – Things to Do in India
Close all unnecessary bank accounts in India for you and your spouse. Maximum have 2 bank accounts. If you are leaving your Indian job and coming to Sweden, please convert your current Indian job Group Health Insurance policy to your private Health Insurance policy (Yes, it’s possible, call the insurance company). If you have a […]
UPI for NRI
NRI accounts include NRE and NRO accounts. I prefer to connect my Indian mobile number with my NRO account and my international Sweden number with my NRE account. Initially, I used my NRE account for UPI and booked a train ticket through IRCTC. Due to unforeseen circumstances, I was unable to travel and had to […]
Investing in India Stocks & Mutual Fund
You can update the existing mutual fund, which was bought under resident Indian tax status, to NRI status. It’s easier to update the KYC through platforms like CAMS or by mailing your respective mutual fund broker. This process is easier when you visit them physically during your next trip to India. Online or IPV (In […]
Moving out of Sweden
Skatteverket: Fill in Form SKV7665, Notification Move Abroad. File your income tax returns for the current year. This means that next year in March, you will receive a tax document for the current year, which you need to approve. BankID: Renew your BankID and also install BankID on another phone if possible. Bank: Don’t close […]
Annamalai Ramanathan | Financial Educator
I create awareness on personal finance topics to European Indian NRI and Swedish expats by empowering them to have control over their finances and a fulfilling life with happier relationship with money
JOIN THE NEWSLETTER
Stay in touch with us.
