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.
2015 | 2016 | Change, 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.