FINANCIAL LITERACY SWE Taxation in Sweden

ERASMUS+: My Financial Future in My Hands

The Swedish tax Bromma Gymnasium, Stockholm (03/2019)

The swedish tax ● VAT ● VAT ● Work taxes ● ● Work State taxes tax ● State Payrolltax tax ● Payroll tax

The VAT in Sweden - Food/Restaurants 12% - Transportations/ Entrees/Books 6% - Cigarettes - each - Alcohol -percentage

Work taxes

â—? The work tax is on an average 33%

State taxes â—? 20% state tax for those that exceeds the lower layer limit on the income â—? For those that exceeds the upper layer limit SEK 689,300 (approximately 63,400 euro)/year - the state tax is 25%

Where does the tax go? â—? The tax money in Sweden goes to the public sector and the state.

â—? Therefore the school in Sweden is free and also healthcare for children