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Generic Tax Name Capital tax - Tax on pension fund earnings
Tax name in the national language Avkastningsskatt
Tax name in English Tax on pension fund earnings
Member State SE-Sweden
Tax in force since 1990/07/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

Tax on Capital Yields on Pensions Fund Earnings Act (1990:661).

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments

 
Geographical Scope

 
Taxpayers
  • Swedish life insurance companies
  • Foreign life insurance companies active in Sweden
  • Benevolent societies managing life insurances
  • Pension foundations
  • Employers who have reserved funds for pensions
  • The holder of a pensions savings account
  • The holder of a foreign endowment assurance
  • The holder of a pension insurance
 
Tax object and basis of assessment

The basis of assessment is the net value of the assets in the pension insurance or the endowment assurance. An imputed rent is calculated by multiplying the net value by a reference interest rate reflecting the government long-term borrowing. The tax is imposed on the imputed rent.

 
Deductions, Allowances, Credits, Exemptions

 
Rate(s) Structure
  • 15 % for pension insurances
  • 30 % for endowment assurances
 
Tax due date

 
Tax collector

 
Special features

 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d51m + d51o (d51c1a (d511) + d51ba (d519))

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 10,146.00 SEK 0.28
2011 11,862.00 SEK 0.32
2010 11,856.00 SEK 0.34
2009 12,317.00 SEK 0.38
2008 15,234.00 SEK 0.45
2007 12,787.00 SEK 0.39
2006 11,086.00 SEK 0.36
2005 11,973.00 SEK 0.41
2004 11,320.00 SEK 0.40
2003 12,652.00 SEK 0.47
2002 13,374.00 SEK 0.52
2001 14,861.00 SEK 0.60
2000 13,273.00 SEK 0.56

Comments

A part of ESA95-code D5.