Sweden has set the individual income tax brackets and rates for 2019, which were reportedly approved as part of the 2019 Budget on 21 December 2019. The brackets and rates for national income tax are as follows: up to SEK 490,700 - 0% over SEK 490,700 up to SEK 689,300 - 20% over SEK 689,300 - 25% Note – Municipal rates also apply at flat rates of up to approximately 32%.