Tax outcome 2017:
Taxes from natural persons increased
Statistical news from Statistics Sweden 2018-01-12 9.30
The final tax from natural persons increased by SEK 56 billion from 2016 to 2017. Taxes from legal persons decreased by SEK 4 billion.
The taxable earned income of natural persons increased by SEK 98 billion in the tax declaration year of 2017, which referred to income in 2016. This represents an increase of 5 percent compared with the previous year.
Total taxes and fees from natural persons before tax reductions increased by SEK 50 billion and amounted to SEK 975 billion. This increase was mainly due to an increase in the municipal income tax by SEK 34 billion, which amounted to SEK 670 billion in total. National tax on earned income, capital income, and the general pension fee increased by SEK 5 billion respectively.
Tax reductions decreased by nearly SEK 6 billion compared with last year, amounting to SEK 249 billion. The main reason was a change in regulation regarding tax reduction for home renovation and household services, which decreased by SEK 11 billion. From tax declaration year 2017 forward, it is no longer possible to obtain tax reduction for gifts. Tax reduction for the general pension fee increased by SEK 5 billion.
All in all, the final tax from natural persons, adjusted for tax reductions, increased by SEK 56 billion, amounting to SEK 726 billion.
| 2016 | 2017 | Change, SEK billions | Change, % | |
|---|---|---|---|---|
Individuals |
||||
Taxable income |
1 988.9 | 2 087.3 | 98.5 | 5.0 |
Taxes and fees |
924.7 | 975.0 | 50.2 | 5.4 |
- local income tax |
635.7 | 669.6 | 33.9 | 5.3 |
- state tax, income from empl./business |
50.8 | 55.6 | 4.8 | 9.4 |
- state tax, income from capital |
87.2 | 92.3 | 5.1 | 5.9 |
- state tax, property |
0.7 | 0.7 | 0.0 | 0.5 |
- municipal property fee |
13.2 | 13.4 | 0.3 | 2.0 |
- general pension contribution, gross |
108.4 | 113.3 | 5.0 | 4.6 |
- burial fee |
4.4 | 4.6 | 0.2 | 4.5 |
- church dues, Church of Sweden |
13.4 | 13.8 | 0.5 | 3.5 |
- church dues, other denominations |
0.3 | 0.3 | 0.0 | 9.9 |
- other taxes and fees |
10.8 | 11.3 | 0.5 | 4.2 |
Tax reductions, total |
254.7 | 248.8 | ‑5.9 | ‑2.3 |
- general pension contribution |
108.3 | 113.3 | 5.0 | 4.6 |
- income from capital, deficit |
18.1 | 17.4 | ‑0.7 | ‑4.1 |
- earnings |
104.0 | 105.1 | 1.1 | 1.1 |
- house work |
23.7 | 12.7 | ‑11.0 | ‑46.5 |
- other reductions |
0.6 | 0.3 | ‑0.3 | ‑45.4 |
Taxes and fees less reductions |
670.0 | 726.2 | 56.2 | 8.4 |
Legal persons |
||||
Taxable income |
568.4 | 538.9 | ‑29.5 | ‑5.2 |
Taxes and fees, total |
180.3 | 176.4 | ‑3.9 | ‑2.2 |
- state tax, income |
119.6 | 115.2 | ‑4.4 | ‑3.6 |
- state tax, property |
15.3 | 16.1 | 0.8 | 5.2 |
- municipal property fee |
3.3 | 3.4 | 0.2 | 4.8 |
- other taxes and fees |
42.2 | 41.7 | ‑0.5 | ‑1.2 |
Legal persons paid SEK 4 billion less in taxes
The taxable income of legal persons decreased by SEK 30 billion and amounted to SEK 539 billion. Total taxes and fees from legal persons decreased by SEK 4 billion and amounted to SEK 176 billion, mainly due to a decreased national income tax for legal persons (corporate tax). Corporate tax decreased by SEK 4 billion and amounted to SEK 115 billion.
Definitions and explanations
The Tax Procedure Act (2011:1244) has replaced acts such as the Tax Payment Act (1997:483), which means that the concept of a tax assessment year has ceased and has not been replaced with a new concept. The legislation is now based on the concept of a tax year, which corresponds to an income year and is the year before the tax declaration year. The 2017 declaration year thus refers to income in 2016, and the 2016 declaration year refers to income in 2015.
‘Natural persons’ refers to private persons and estates of deceased persons. ‘Legal persons’ includes limited companies, economic associations, non-profit organisations, and similar.
‘Other taxes and fees’ from natural persons includes social security contributions to self-employed persons, special wage/salary taxes, general wage tax, etc. ‘Other taxes and fees’ from legal persons include special payroll taxes, tax on returns, etc. Previously, value-added tax could be reported on the income declaration, in which this item was also included. However, this possibility disappeared as of tax declaration year 2014 (income year 2013).
The information also includes natural or legal persons liable to pay tax who do not have a place of domicile in the country.
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.