Country Payroll Guide Sweden

We deliver secure, compliant, accurate and touchless global payroll for Sweden.

Get in touch
Stockholm-Sweden

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.