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SALARY PAYMENT IN Swedish Krona (SEK, kr)
CONTRACT LANGUAGES Swedish / English
PAYROLL TAX 31.42%
PAYROLL CYCLE Monthly
TIME TO HIRE 24 hours
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Employers and employees in Sweden need to contribute to the social security system. However, employers pay the vast majority at 31.42% of employee salary amounts. Employees pay 7% toward their pensions, but this is usually offset by a tax reduction. The social security system covers various social benefits including parental leave, sick pay, healthcare, accident insurance, pensions, and so on.
Sweden’s social security system covers many social benefits including parental leave, sick pay, healthcare, accident insurance, pensions, and so on. The healthcare system in Sweden is among the best in the world.
Employees in Sweden are required to pay 7% toward their pensions.
Employers in Sweden pay the lion’s share of social security at a rate of 31.42% of employee salary amounts.
Social security contributions in Sweden are relatively high compared to the rest of western Europe (with the exception of other Nordic countries). Famous for their high-caliber social safety nets, these countries are generally considered expensive places to hire employees from an employer burden perspective. However, it’s not without benefit for the employer. The population of Sweden is healthy, well-educated, and maintains a high happiness ranking- making it an attractive place to employ despite the slight cost difference.
Your business can easily hire employees in Sweden without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 185 countries worldwide. All you need to do is focus on your business.
Employers must contribute 31.42% of employee salary amounts to social security in Sweden.
Social security in Sweden covers the following:
