Tax outcome 2018
Taxes from natural persons increased
Statistical news from Statistics Sweden 2019-01-11 9.30
The final tax from natural persons increased by SEK 35 billion from 2017 to 2018. Taxes from legal persons increased by SEK 14 billion.
The taxable earned income of natural persons increased by SEK 94 billion for the tax declaration year of 2018, which referred to income in 2017. This represents an increase of 4.5 percent compared with the previous year.
Total taxes and fees from natural persons before tax reductions increased by SEK 46 billion and amounted to SEK 1 021 billion. This increase was mainly due to the municipal income tax, which increased by SEK 31 billion and amounted to SEK 700 billion. National tax on earned income increased by SEK 3 billion and national tax on capital income increased by SEK 6 billion.
Tax reductions increased by SEK 11 billion compared with last year, amounting to SEK 260 billion. Tax reduction for general pension fee increased by SEK 5 billion and tax reduction for income from employment (earned income tax credit) increased by SEK 4 billion. Tax reduction for housework also increased by SEK 1 billion.
All in all, the final tax from natural persons adjusted for tax reductions increased by SEK 35 billion and amounted to SEK 762 billion.
| 2017 | 2018 | Change, SEK billions | Change, % | |
|---|---|---|---|---|
Individuals |
||||
Taxable income |
2 087.3 | 2 181.0 | 93.6 | 4.5 |
Taxes and fees |
975.0 | 1 021.2 | 46.2 | 4.7 |
- local income tax |
669.6 | 700.1 | 30.5 | 4.6 |
- state tax, income from empl./business |
55.6 | 58.5 | 2.9 | 5.2 |
- state tax, income from capital |
92.3 | 98.3 | 6.0 | 6.5 |
- state tax, property |
0.7 | 0.7 | 0.0 | ‑2.4 |
- municipal property fee |
13.4 | 13.9 | 0.5 | 3.5 |
- general pension contribution, gross |
113.3 | 118.7 | 5.4 | 4.8 |
- burial fee |
4.6 | 4.9 | 0.3 | 6.4 |
- church dues, Church of Sweden |
13.8 | 14.2 | 0.4 | 2.6 |
- church dues, other denominations |
0.3 | 0.4 | 0.0 | 8.4 |
- other taxes and fees |
11.3 | 11.5 | 0.2 | 2.0 |
Tax reductions, total |
248.8 | 259.7 | 10.9 | 4.4 |
- general pension contribution |
113.3 | 118.7 | 5.4 | 4.8 |
- income from capital, deficit |
17.4 | 17.7 | 0.3 | 1.8 |
- earnings |
105.1 | 109.1 | 4.0 | 3.8 |
- house work |
12.7 | 13.8 | 1.1 | 9.0 |
- other reductions |
0.3 | 0.3 | 0.0 | 6.3 |
Taxes and fees less reductions |
726.2 | 761.6 | 35.3 | 4.9 |
Legal persons |
||||
Taxable income |
538.9 | 610.8 | 71.9 | 13.3 |
Taxes and fees, total |
176.4 | 190.8 | 14.3 | 8.1 |
- state tax, income (corporate tax) |
115.2 | 127.1 | 11.9 | 10.3 |
- state tax, property |
16.1 | 14.9 | ‑1.2 | ‑7.2 |
- municipal property fee |
3.4 | 3.6 | 0.1 | 3.9 |
- other taxes and fees |
41.7 | 45.1 | 3.5 | 8.3 |
Legal persons paid SEK 14 billion more in taxes
The taxable income of legal persons increased by SEK 72 billion and amounted to SEK 611 billion. Total taxes and fees from legal persons increased by SEK 14 billion and amounted to SEK 191 billion, mainly due to an increase in national income tax for legal persons (corporate tax). Corporate tax increased by SEK 12 billion and amounted to SEK 127 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. Thus, the 2018 declaration year refers to income in 2017, and the 2017 declaration year refers to income in 2016.
Natural persons refers to private persons and estates of deceased persons. Legal persons include 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 option was discontinued from tax declaration year 2014 (income year 2013).
These statistics include 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.