BUSY with TAX declaration in March, Next available spot shall be in April 2025 last week
Person living in Sweden needs to report their global income and global loans to Skatteverket.
Benefits for expat who are Resident in Sweden & Paying taxes to Sweden have the option to claim various deduction which they have missed to claim in previous years like:
1) Double Accommodation deduction: Moved to Sweden or within Sweden for job and hold an apartment in your home country. Eligible to deduct Sweden rent.
2) Fixed term employment deduction: Moved to Sweden or within Sweden for job with fixed term employment, Eligible to deduct Sweden rent. It can be 6 months’ Probation period on your job contract also. Most people working in PhD /Post Doc /Researcher / ICT visa fall under this category. Note the Rent shall be paid by you ONLY and not by your company.
3) Interest repaid on Loans (Home country): Interest repaid for loans can be deducted in Sweden taxes. Any loans can be claimed until the year 2024. In year 2025, Personal loans can be deducted with 50% paid interest only.
4) To claim a deduction in specific year , you need to a tax resident in Sweden and have paid taxes to Sweden on that year.
You have to report Global Income(anywhere in the world) also to Sweden:
1) Bank interested income
2) Sale of Stocks/ Funds or RSU/ESOP
3) Sale of Apartment
We have so far claimed back from taxes:
1) 210 000 Kr for double accommodation deduction for 5 years
2) 160 000 Kr for Home loan interest repaid for last 5 years
3) We have claimed deductions and money received by expats for more than 1 million Kr.
4) Reported International income for Apartment sale & Stock Sale.
5) Submitted a claim for Education Loans and Temporary accommodation claim and waiting for reply from Skatteverket
Many people lack awareness on this topic and fail to report the income or claim deduction, now we have a wonderful opportunity to correct our taxes in Sweden for last 6 years.
Interested in knowing more and whether you have the opportunity to use this service, lets have a quick 15 mins initial meeting to discuss.