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Sweden's Budget for 2015 Presented

27 October 2014

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Proposed Changes

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Sweden

On 23 October 2014, Sweden's Budget for 2015 was presented to parliament. Key tax measures are summarized as follows: The lower threshold for state income tax on employment income will be adjusted based on the consumer price index only, with an increase in the lower threshold from SEK 420,800 to SEK 421,800, and an increase in the higher threshold from SEK 602,600 to SEK 616,100 The reduced social security contribution for young employees aged 26 or younger will be abolished and a special social security contribution of 5.6% will be introduced for individuals over 65 Excise taxes on pesticides, fertilizers,...