The Swedish Tax Agency has declared an announcement that tax will be imposed on excessive profits of electricity producers from 1st March 2023 to 1st June 2023 for a limited time period. The recently implemented measure aligns with the guidelines outlined in the European Union’s Regulation 2022/1854 concerning an emergency intervention for managing high energy prices.it has been established that electricity producers with income exceeding SEK 1,957 per megawatt-hour will be subject to a tax rate of 90%. The tax on excess income must be paid by electricity producers who generate power from various sources such as wind energy, thermal solar energy, solar cells, geothermal energy, waste, nuclear energy, lignite (brown coal), crude petroleum products, peat, solid or gaseous biomass fuels (excluding biomethane), and hydropower without reservoirs. If their installed capacity exceeds 1 megawatt or the equivalent for solar energy, producers of electricity must register. It is mandatory to submit declarations every month between 1 March and 30 June 2023 with a deadline of the 26th of the following month. The declaration must be submitted for every month, even there is no excess income generated from electricity.
Related Posts

Switzerland, Sweden sign a mutual agreement on arbitration
Switzerland and Sweden have agreed on procedures for resolving tax disputes through arbitration if unresolved after four years. The Swiss Federal Tax Administration (FTA) announced on 22 May 2025 that it had signed a mutual agreement with Sweden
Read More
Sweden revises tax deduction regulations for green energy installations
Sweden has amended tax reduction rules for green technology installations, effective 1 July 2025. Sweden’s government has published Law No. SFS 2025:541 in the Official Gazette on 28 May 2025. This legislation amends the tax reduction
Read More
Brazil, Sweden: Amending protocol enters into force
The amendment to the 1975 Brazil-Sweden Income Tax Treaty takes effect on 13 June 2025. The amending protocol to the Brazil-Sweden Income Tax Treaty (1975) will take effect on 13 June 2025. The protocol takes effect on 1 January 2026 for
Read More
Sweden proposes DAC8 implementation bill for 2026
Sweden has proposed a bill to implement the EU's DAC8 directive on tax cooperation, introducing new rules for the automatic exchange of information on crypto-assets and securities. The regulations will take effect on 1 January 2026. The Swedish
Read More
Sweden: Ministry of Finance proposes reduced energy tax on electricity from 2026
Sweden’s Ministry of Finance has proposed lowering the energy tax on electricity to öre 41.1 per kilowatt hour on 19 May 2025. The draft is currently under consideration. If approved, the change would take effect on 1 January 2026. The
Read More
Sweden: Ministry of Finance announces tax proposals for Autumn Budget 2026, includes reduced corporate tax
Sweden's Ministry of Finance announced various tax proposals for the 2026 Autumn Budget on 19 May 2025. It includes reduced corporate tax, energy tax on electricity, special income tax for non-residents, amongst others. Reduced corporate
Read More