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Sweden to hand back 13.7 billion kronor in tax refunds this week

More tax payers than ever are set to receive their Swedish tax rebate in April this year. Here's how to know if you might be one of them.

Sweden to hand back 13.7 billion kronor in tax refunds this week
Are you due money back from the Swedish state? Photo: Fredrik Sandberg/TT

The Swedish tax agency will start sending refunds to those who are owed money back on their taxes today. That means 13.7 billion kronor ($1.48 billion) will be split between some two million Swedes this week.

Last year more than 900,000 people got their tax rebate in April, and 550,000 the year before, but the tax agency has attempted to speed up the process even more and refund as many as possible in early April.

READ ALSO: Why this might be the last year you get a big tax refund

The refunds will only be sent to those who are due money back, who filed their tax return by April 2nd at the latest and who did not have to make any changes to their pre-filled-out tax declaration form.

Those who filed their taxes after April 2nd – or haven't yet – or made changes to their form will get their tax returns paid out in early June. The final deadline for submitting your form is May 2nd.

Unless you own your own business or have to make any changes to your tax declaration form, it is relatively easy to file your taxes in Sweden and usually only takes a couple of minutes or even less.

However, it is worth looking into whether or not you are entitled to a number of deductions, for example for travel to and from work. Here is a list of some of the most common deductions.

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ESSENTIAL SWEDEN

Banks, bills and mortgages: Essential articles for life in Sweden

Wondering which banks give mortgages to foreigners, or what happens if you are struggling to pay a bill? Essential Sweden this week answers those questions and more.

Banks, bills and mortgages: Essential articles for life in Sweden

Interest rates may soon drop, but there’s still hope if you’re finding it hard to pay your mortgage each month.

Which bank should you use if you’re a recent arrival to Sweden? We asked our readers for their tips: here’s what they said,

We hope you never find yourself in the situation that you’re unable to pay a bill in Sweden, but it’s good to know what happens if you do, just in case.

Owning a second home is relatively commonplace in Sweden, and they often sell for under a million kronor in more remote areas. But what should you take into account when considering a purchase?

People who arrived in Sweden as adults often need to top up their pension savings, and one way to do this is via investments. What are the different types of investing and how do they work?

Finally, if you’re planning on buying a home any time soon, it’s worth knowing which banks require you to have permanent residency in Sweden before you apply for a mortgage. 

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