- Country Guide
- Sweden
Sweden
Last Update by Katie, 03 Jul 2024
You must log in to be able to download this document
Exchange Rate
18 Sep 2024
Cost of Living
Indicative value for a working adult in a city: Stockholm
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (SEK) |
|---|---|
| McDonalds Set Meal | 100 |
| Monthly Train and Bus Tickets | 980 |
| 3 Bedrooms Rental (City Center) | 24,985 |
| 3 Bedrooms Rental (Outskirt) | 16,900 |
Current Inflation Rate
2%
Wage
Minimum Wages
- There is no national minimum wage
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (SEK) |
|---|---|
|
Entry-Level
Fresh Graduate
|
25,800 |
|
Mid-Level
5 Years
|
46,000 |
|
Experienced & Managerial Level
10 Years
|
75,600 |
|
Specialized & Senior-Level
15 Years
|
84,800+ |
Annual Salary Growth
3%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Health Insurance | 3.55% | 1.52% | All staff |
| Parental Insurance | 2.60% | - | All staff |
| Supplementary Pension | 0.60% |
7% Based on income up to 599,250 SEK per year |
Staff under 53 or over 62 Staff 53-62 |
| Work Injury | 0.20% | - | All staff |
| Labour Market Fee | 2.64% | - | All staff |
| Pension Insurance | 10.21% | - | All staff with income ceiling 47,748 SEK per month |
| Payroll tax | 11.62% | - | Employer's monthly payroll bill |
Other Benefit
Other common employment benefits in Sweden include:
- Phone Allowance: Around 100 SEK / month
- Meal Allowance: Around300 SEK / day
- Christmas gifts: Around 550 SEK/ one off payment
- Work from Home Allowance: 170 SEK/ month
Income Tax
Residents
-
Tax period: 1st January-31st December
Filing start date: 2nd May
- Taxes for employees aged under 65
Country Level
| Taxable Income | Rate |
|---|---|
| 0- 24,237.99 | 0% |
| 24,238 -80,900.99 | 10% |
| 80,901 -185,700.99 | 21% |
| 185,701 - 463,000.99 | 28% |
| 463,001-598,500.99 | 34% |
| 598,501.00 775,900.99 | 54 |
| 775,901 - 999,999,999 | 57 |
Non-residents
- Taxed on income derived from sources in Sweden equal to residents
Working Hours
Statutory
40 Hours
8 hours a day, 5 days a week
Typical practice
40 Hours
Monday-Friday
Overtime
Maximum 50 hours per month, or 200 hours a year
- Hours worked on weekdays before 20:00 : Monthly salary / 94 for each additional hour worked
- Hours worked after 20:00 or weekends: Monthly salary rate /72 for each additional hour worked
Employment Contract
Permanent
Contract Format
Verbal or written in Swedish or English. Written information on contract terms must be provided in writing, within 7 days of staff's employment start date
Payroll Currency
SEK
Probation
Up to 6 months
Contract Period
No minimum duration
Termination
-
During probation for staff and employers:
- 14 days notice -
Voluntary resignation:
- 1 month -
Involuntary termination:
- Under 2 years’ service: 1 month
- 2-4 years’ service: 2 months
- 4-6 years’ service: 3 months
- 6-8 years’ service: 4 months
- 8-10 years’ service: 5 months
- Over 10 years’ service: 6 months -
Severance:
- Not mandatory, unless stated in collective agreements
- Typical practice: Employers pay severance in addition to notice in a settlement agreement
- Managing directors: Notice and severance 6 - 12 months' fixed compensation
Public Holiday
11 days- public holidays that fall on weekends are usually lost
Country Level
| Date | Name |
|---|---|
| 01 Jan | New Year's Day |
| 06 Jan | Epiphany |
| 29 Mar | Good Friday |
| 31 Mar | Easter Sunday |
| 01 Apr | Easter Monday |
| 01 May | Labour Day |
| 19 May | Pentecost |
| 06 Jun | National Day |
| 09 Jun | Ascension Day |
| 21 Jun - 22 Jun | Midsummer Eve & Midsummer Day |
| 02 Nov | All Saints' Day |
| 24 Dec | Christmas Eve |
| 25 Dec | Christmas Day |
| 26 Dec | Second Day of Christmas |
| 31 Dec | New Years Eve |
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave | 25 working days | All staff |
| Maternity Leave | 14 weeks | Expectant mothers |
| Paternity Leave | 10 working days | Expectant Parents |
| Parental Leave | 480 working days | Expectant parents (allowance can be shared) |
| Bereavement Leave | 10 working days | All staff |
| Sick Leave |
2-14 working days >14 working days |
All staff paid by employer All staff paid by social security |
Reference
- https://www.numbeo.com/cost-of-living/in/Stockholm
- https://www.skatteverket.se/privat.4.76a43be412206334b89800052864.html
- https://skatteverket.se/privat/skatter/arbeteochinkomst/askattsedelochskattetabeller.4.18e1b10334ebe8bc80005221.html
- https://tradingeconomics.com/sweden/wage-growth
- https://leglobal.law/countries/sweden/employment-law/employment-law-overview-sweden/02-employment-contracts/
- https://www.salaryexplorer.com/average-salary-wage-comparison-sweden-c209#:~:text=Median%20Salary%20The%20median%20salary%20is%2039%2C000%20SEK%2C,the%20group%20earning%20more%20than%20the%20median%20salary.
- https://www.skatteetaten.no/en/business-and-organisation/tax-for-businesses/tax-return/deductions/office-car-transport-and-equipment/home-offices/#:~:text=If%20you%20have%20a%20home,You%20must%20substantiate%20the%20expenses.
- https://www.etk.fi/wp-content/uploads/2024/01/lakisaateiset-sosiaalivakuutusmaksut-suomessa-2024-englanti.pdf
- https://www.skatteverket.se/servicelankar/otherlanguages/inenglishengelska/businessesandemployers/startingandrunningaswedishbusiness/declaringtaxesbusinesses/filingapayetaxreturn/employercontributions.4.2fb39afe18dabf1e4d24a3d.html
Ready To Expand in Sweden?
Have any questions? We’d love to hear from you
Contact UsCountry Guide - Sweden
Last updated: 03 Jul 2024
Exchange Rate
Currency (SEK)
- 1 CNY = 0.185 SEK
- 1 USD = 1.32 SEK
Other currencies can be retrieved via the country guide link above.
Find us on WeChat
Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
Cost of Living
Indicative value for a working adult in a city: Stockholm
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (SEK) |
|---|---|
| McDonalds Set Meal | 100 |
| Monthly Train and Bus Tickets | 980 |
| 3 Bedrooms Rental (City Center) | 24,985 |
| 3 Bedrooms Rental (Outskirt) | 16,900 |
Current Inflation Rate
2%
Wage
Minimum Wages
- There is no national minimum wage
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (SEK) |
|---|---|
|
Entry-Level
Fresh Graduate
|
25,800 |
|
Mid-Level
5 Years
|
46,000 |
|
Experienced & Managerial Level
10 Years
|
75,600 |
|
Specialized & Senior-Level
15 Years
|
84,800+ |
Annual Salary Growth
3%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Health Insurance | 3.55% | 1.52% | All staff |
| Parental Insurance | 2.60% | - | All staff |
| Supplementary Pension | 0.60% |
7% Based on income up to 599,250 SEK per year |
Staff under 53 or over 62 Staff 53-62 |
| Work Injury | 0.20% | - | All staff |
| Labour Market Fee | 2.64% | - | All staff |
| Pension Insurance | 10.21% | - | All staff with income ceiling 47,748 SEK per month |
| Payroll tax | 11.62% | - | Employer's monthly payroll bill |
Other Benefit
Other common employment benefits in Sweden include:
- Phone Allowance: Around 100 SEK / month
- Meal Allowance: Around300 SEK / day
- Christmas gifts: Around 550 SEK/ one off payment
- Work from Home Allowance: 170 SEK/ month
Income Tax
Residents
-
Tax period: 1st January-31st December
Filing start date: 2nd May
- Taxes for employees aged under 65
Country Level
| Taxable Income | Rate |
|---|---|
| 0- 24,237.99 | 0% |
| 24,238 -80,900.99 | 10% |
| 80,901 -185,700.99 | 21% |
| 185,701 - 463,000.99 | 28% |
| 463,001-598,500.99 | 34% |
| 598,501.00 775,900.99 | 54 |
| 775,901 - 999,999,999 | 57 |
Non-residents
- Taxed on income derived from sources in Sweden equal to residents
Working Hours
Statutory
40 Hours
8 hours a day, 5 days a week
Typical practice
40 Hours
Monday-Friday
Overtime
Maximum 50 hours per month, or 200 hours a year
- Hours worked on weekdays before 20:00 : Monthly salary / 94 for each additional hour worked
- Hours worked after 20:00 or weekends: Monthly salary rate /72 for each additional hour worked
Employment Contract
Fixed-Term
Used for short projects, seasonal employment or temporary roles
Probation
Up to 6 months
Termination
-
During probation for staff and employers:
- 14 days notice -
Voluntary resignation:
- 1 month -
Involuntary termination:
- Under 2 years’ service: 1 month -
Severance:
- Not mandatory, unless stated in collective agreements
- Typical practice: Employers pay severance in addition to notice in a settlement agreement
Permanent
Probation
Up to 6 months
Termination
-
During probation for staff and employers:
- 14 days notice -
Voluntary resignation:
- 1 month -
Involuntary termination:
- Under 2 years’ service: 1 month
- 2-4 years’ service: 2 months
- 4-6 years’ service: 3 months
- 6-8 years’ service: 4 months
- 8-10 years’ service: 5 months
- Over 10 years’ service: 6 months -
Severance:
- Not mandatory, unless stated in collective agreements
- Typical practice: Employers pay severance in addition to notice in a settlement agreement
- Managing directors: Notice and severance 6 - 12 months' fixed compensation
Public Holiday
11 days- public holidays that fall on weekends are usually lost
2024
| Date | Name |
|---|---|
2025
| Date | Name |
|---|---|
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave | 25 working days | All staff |
| Maternity Leave | 14 weeks | Expectant mothers |
| Paternity Leave | 10 working days | Expectant Parents |
| Parental Leave | 480 working days | Expectant parents (allowance can be shared) |
| Bereavement Leave | 10 working days | All staff |
| Sick Leave |
2-14 working days >14 working days |
All staff paid by employer All staff paid by social security |
Reference
- https://www.numbeo.com/cost-of-living/in/Stockholm
- https://www.skatteverket.se/privat.4.76a43be412206334b89800052864.html
- https://skatteverket.se/privat/skatter/arbeteochinkomst/askattsedelochskattetabeller.4.18e1b10334ebe8bc80005221.html
- https://tradingeconomics.com/sweden/wage-growth
- https://leglobal.law/countries/sweden/employment-law/employment-law-overview-sweden/02-employment-contracts/
- https://www.salaryexplorer.com/average-salary-wage-comparison-sweden-c209#:~:text=Median%20Salary%20The%20median%20salary%20is%2039%2C000%20SEK%2C,the%20group%20earning%20more%20than%20the%20median%20salary.
- https://www.skatteetaten.no/en/business-and-organisation/tax-for-businesses/tax-return/deductions/office-car-transport-and-equipment/home-offices/#:~:text=If%20you%20have%20a%20home,You%20must%20substantiate%20the%20expenses.
- https://www.etk.fi/wp-content/uploads/2024/01/lakisaateiset-sosiaalivakuutusmaksut-suomessa-2024-englanti.pdf
- https://www.skatteverket.se/servicelankar/otherlanguages/inenglishengelska/businessesandemployers/startingandrunningaswedishbusiness/declaringtaxesbusinesses/filingapayetaxreturn/employercontributions.4.2fb39afe18dabf1e4d24a3d.html
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000