Payroll and HR in Sweden

Local Information

Local Time (LIVE):3:46 PM
Local Currency:$1 = kr8.99
Business Language(s):Swedish and English
Tax Year Dates:1st January – 31st December

 

Business-friendly Sweden is an attractive choice for businesses looking to expand internationally, being one of the world’s biggest beneficiaries of foreign investment. From a low corporate tax rate (based only on a company’s annual profit) to competitive labor costs, there’s a multitude of reasons for businesses to expand to Sweden. With its great access to the EU and Nordic markets, businesses can benefit from easy and convenient access to Europe.

However, despite Sweden’s many benefits, there are inevitably some complicated processes to follow, none more so than Sweden’s unique payroll and HR processes. International payroll and HR can present a number of difficulties for those not versed in the country’s legislation and regulations. Fortunately, FMP Global are here to help guide you and take care of compliance whilst you get on with the important day to day.

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Employer Must-Dos

In Sweden, the following reports must be submitted to strict deadlines:

  • Tax Returns
  • KU10 reports
  • Corporate Income Declaration

Payroll in Sweden

What tax considerations are there?

The biggest difference with taxation in Sweden is the very high personal income tax rate. This currently sits at 61.85% (correct at time of publication – 2018). Employee income tax is subject to both municipal and national tax. The municipal income tax differs in each municipality and is updated each year. There is also corporate tax to consider as well as social security for both employees and employers.

HR in Sweden

What are the regular working hours in Sweden?

The usual working hours in Sweden are 40 hours a week, with a maximum limit of 48 hours. After 5pm, most employees go home for the day.

Termination

In Sweden, employers are able to dismiss employees with or without notice. A dismissal with notice must be based on objective grounds. These can be objective reasons (for instance, redundancy) or subjective personal reasons relating to the employee directly – e.g based on performance.

Want to Know More About International Payroll?

Download our free guide to international payroll today, covering further considerations and implications of payroll and HR abroad.

Download Our Guide

FMP’s Swedish Payroll and HR Solutions

No matter if you’re looking for payroll and HR services in Stockholm or Copenhagen, FMP Global can offer cost-effective solutions that are tailored to your business. We will help with tax compliance, visas and much more, including:

  • Employment Contracts
  • Payroll Processing
  • Handling of payments (salaries)
  • Annual declarations (lodging, apprenticeship & training taxes for concerned companies)
  • Relations with social bodies
  • Regulatory Compliance
  • Tax and Labor Law Consulting
  • Assisting in payroll audit (or payroll department audit)
  • Handling of confidential payroll
  • Assistance in company restructuring plan
  • Assistance in implementation of procedures
  • Assistance with start-up (in link with lawyers)

Stay Compliant - Payroll and HR Services in Sweden

We’re help to help throughout all stages of your expansion. Get guidance and support from one of our expert team today, and make sure your business is compliant with Swedish legislation.

Start your International Expansion Today