Country Payroll Guide Sweden
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Key Facts
- Capital
- Stockholm
- Date format
- yyyy/mm/dd
- Currency
- Swedish Krona (SEK)
- VAT
- the standard rate is 25%
Contributions
Employers
- Health Insurance
- Health Insurance - 3.5%
- Parental Insurance
- Parental Insurance - 2.6%
- Retirement Pension
- Retirement Pension - 10.21%
- Survivors Pension
- Survivors Pension - 0.6%
- Labor Market Fee
- Labor Market Fee - 2.6%
- Occupational Injury
- Occupational Injury - 0.2%
- General Payroll Tax
- General Payroll Tax - 11.6%
- Total Employment Cost
- Total Employment Cost - 31.42%
Employees
- Pension Insurance
- Pension Insurance - 7%
- Total Employee Cost
- Total Employee Cost - 7%
Minimum Wage
- Minimum Wage
No national minimum wage.
Payroll
- Payroll Cycle
- Monthly
- 13th Salary
Not required by law.
Income Tax
- Employee Income Tax (1)
- Under 519400 SEK - 0%
- Employee Income Tax (2)
- Over 519400 SEK - 20%
Working Hours
- General Working Hours
4o hours per week.
- Overtime
Overtime should not exceed 50 hours over a month, or 200 hours annually.
Leave
- Paid Time Off
25 days per year.
- Public Holidays
13 days.
- Sick Days
Employers must pay 80% of an employee’s salary for the first 14 days of their sick leave.
- Maternity Leave
240 days (paid).
- Paternity Leave
240 days (paid).
- Parental Leave
The parents are can have up to 480 days combined. The Leave shouldn’t be taken at the same time, except for the first 10 days after the birth.
- Other Leave
Bereavement Leave – 10 days.
Termination
- Termination Process
The notice of dismissal, which has to be in writing, should contain all the information stated in The Employment Protection Act.
- Notice Period
- Less than 2 years – 1 month
- 2 years but less than 4 years -2 months
- 4 years but less than 6 years – 3 months
- 6 years but less than 8 years – 4 months
- 8 years but less than 10 years – 5 months
- 10 years or more – 6 months
- Severance Pay
No legal requirement.
- Probation Period
No legal requirement.
Visa
- Employment Visa
EU/EEA/Swiss Citizens – Do not need a visa. Individuals who are not within this category will need one or more of the following: Swedish Work Permit, Working Holiday Visa, EU Blue Card.
