Sale of Apartment Loss – Tax calculation
Sold an apartment in Sweden for loss in the Financial Year? How to calculate Profit or Loss when you sell an Apartment in Sweden: + Selling Price of Apartment – Your purchase price – Selling expense (Brokerage Fee) – Improvement cost – Kapitaltillskott (You get this value from BRF) – Share of internal repair fund […]
More Salary offered ?
Sweden is one of the countries that pays higher salaries to employees than the actual salary shown in the offer letter. Most private white-collar employees in Sweden receive the following amounts that are not included in the salary mentioned in the offer letter: Holiday Pay: When you take your summer vacation in Sweden, your employer […]
Social Taxes – Paid by Company
Did you know that your employer in Sweden pays a tax of 31.42% on your gross pay to employ you? This concept was new to me coming from India, but according to Skatteverket (Tax office in Sweden), the Swedish social security system is mainly financed by social security contributions. I believe this includes subsidized medical […]
Tax Savings – Salary Exchange
Löneväxling : Its an option provided by the company , then a person can move a part of the Salary to Pension Year 2025: Earning above 53,600 Kr/month incurs an additional 20% state income tax and salary above 54 200 Kr can only be moved to pension as exchange. (Note the amount in below image refers […]
Tax Free income – Sweden
Did you know some income is tax-free in Sweden? –> Gift & Inheritance is major wealth which can be transferred to the next generation tax-free. –> Most people in Sweden use tax deferral on the sale of apartments, using this profit to buy a villa or bigger-sized apartment. (You can buy in another EU country […]
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 […]
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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
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