Sweden: Proposal to reduce special income tax for nonresidents to 20%

Global Watch ()

The Swedish government has submitted a proposal whereby the special tax on employment income for nonresidents will be reduced from 25% to 20%. If the proposal is adopted, it will apply as from January 1, 2014. Global mobility professionals should think about how this potential change could affect assignee costs, e.g., 2013 bonus payments disbursed in 2014 could be subject to a lower tax rate.