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
Sweden proposes broader corporate tax deduction for sponsorship expenses from 2027
The Swedish government has submitted a bill to the Council on Legislation proposing to expand the corporate income tax deduction for sponsorship and similar expenses, with the aim of making the tax treatment of such costs clearer and more
Read MoreFrance ratifies amending protocol to tax treaty with Sweden
France has published Law No. 2026-510 of 15 June 2026 in the Official Gazette, providing for the ratification of the protocol to the 1990 income and capital tax treaty with Sweden. Signed on 22 May 2023, the protocol updates the treaty in line
Read MoreNetherlands, Sweden sign new tax treaty
The Netherlands government has announced that it has signed a new income tax treaty with Sweden on 24 June 2026. This new tax treaty replaces the 1991 agreement between the two countries to align with both countries' current tax policy
Read MoreSweden expands tonnage tax regime, eases rules for shipping companies
Sweden's Parliament has approved a package of reforms to the country's tonnage taxation system, broadening access to the regime and introducing more flexible rules for shipping companies. The legislation was adopted on 11 June 2026 and is
Read MoreSweden approves expansion of tonnage tax regime for specialised shipping activities
Sweden’s parliament (Riksdag) has approved legislation on 11 June 2026, introducing a series of changes to the country’s tonnage tax regime, expanding its scope and providing greater operational flexibility for shipping companies. The
Read MoreSweden: Government proposes additional tax relief for business R&D investment
The Swedish Government proposed, on 11 June 2026, additional tax relief for companies with employees engaged in research and development (R&D) activities to boost business investment in R&D, strengthen Sweden’s competitiveness and support
Read More