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Tax outcome 2016:

Taxes from natural persons increased

Statistical news from Statistics Sweden 2017-02-07 9.30

The final tax from natural persons increased by SEK 50 billion from 2015 to 2016. Taxes from legal persons increased by half as much, SEK 25 billion.

Taxable earned income for natural persons increased by SEK 96 billion for the tax declaration year of 2016, referring to income in 2015. 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 60 billion and amounted to SEK 925 billion. The increase was mainly due to the municipal income tax, which increased by SEK 33 billion and amounted to SEK 636 billion, as well as the national tax on capital income, which increased by SEK 18 billion and amounted to SEK 87 billion.

Tax reductions increased by nearly SEK 10 billion compared with last year, amounting to SEK 255 billion. The tax reduction for home renovation (ROT) and household services (RUT) increased the most, by SEK 4.5 billion. From tax declaration year 2016 onwards, it is possible to obtain tax reduction for renewable electricity. Tax reductions for renewable electricity for natural persons amounted to SEK 11 million in total. All in all, the final tax adjusted for tax reductions increased by SEK 50 billion, amounting to SEK 670 billion.

Taxes and fees for tax declaration years 2015 and 2016, natural and legal persons, SEK billions, entire country
 20152016Change,
SEK billions
Change, %
Natural persons
       
Taxable earned income
1 893.3 1 988.9 95.6 5.0
Taxes and fees
864.8 924.7 59.9 6.9
-  municipal income tax
602.7 635.7 33.1 5.5
-  national tax, earned income
47.4 50.8 3.4 7.1
-  national tax, capital income
69.3 87.2 17.8 25.7
-  national real estate taxes
0.7 0.7 0.0 ‑0.2
-  municipal real estate fee
12.9 13.2 0.3 2.2
-  general pension fee, gross
104.0 108.4 4.4 4.2
-  funeral fees
4.1 4.4 0.3 6.3
-  fees to the Church of Sweden
12.9 13.4 0.5 3.7
-  fees to other faith communities
0.2 0.3 0.0 9.8
-  other taxes and fees
10.6 10.8 0.2 1.7
Tax reductions, total
245.1 254.7 9.6 3.9
-  general pension fee
103.9 108.3 4.4 4.2
-  capital losses
21.3 18.1 ‑3.2 ‑15.1
-  income from employment (tax reduction)
100.2 104.0 3.8 3.8
-  housework
19.2 23.7 4.5 23.6
-  other reductions
0.5 0.6 0.1 9.8
Final tax, total
619.7 670.0 50.3 8.1
Legal persons
       
Taxable income
462.0 568.4 106.4 23.0
Taxes and fees, total
155.7 180.3 24.7 15.8
-  national income tax
96.5 119.6 23.1 23.9
-  national real estate taxes
15.2 15.3 0.1 0.4
-  municipal real estate fee
3.2 3.3 0.1 2.8
-  other taxes and fees
40.7 42.2 1.4 3.5

Legal persons paid SEK 25 billion more in taxes

Taxable income for legal persons increased by SEK 106 billion and amounted to SEK 568 billion. Total taxes and fees from legal persons increased by SEK 25 billion and amounted to SEK 180 billion, mainly due to the increase in national income tax for legal persons (corporate tax). Corporate tax increased by SEK 23 billion and amounted to SEK 120 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 tax assessment year has ceased and has not been replaced with a new concept. The legislation is now based on the concept of tax year, which corresponds to income year and is the year before the tax declaration year. The 2016 declaration year thus refers to income in 2015, and the 2015 declaration year refers to income in 2014.

Natural persons refer to private persons and estates of deceased persons. Legal persons include limited companies, economic associations, non-profit organisations, and similar.

'Other taxes and fees' for natural persons includes social security contributions for self-employed persons, special wage/salary taxes, general wage tax etc. 'Other taxes and fees' for legal persons include special payroll taxes, tax on returns etc. Previously, VAT could be reported on the income declaration, in which this item was also included, but that 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.