Managing payroll in Sweden requires a deep understanding of local regulations, tax obligations, and employment laws. Internago offers comprehensive payroll services tailored to meet the unique needs of businesses operating in Sweden, ensuring compliance and efficiency.
Key Features of Internago’s Payroll Services in Sweden:
- Monthly Payroll Processing: Salaries in Sweden are typically paid on a monthly basis, with the 25th of each month being the standard payday. Internago ensures timely and accurate salary disbursements, aligning with local customs and expectations.
- Tax Compliance: Employers in Sweden are responsible for deducting taxes and calculating employer contributions, which must be declared monthly. Internago manages these deductions meticulously, ensuring all declarations are submitted promptly and in accordance with Swedish tax regulations.
- Employer Contributions: The total employment cost in Sweden includes various components such as health insurance, parental insurance, retirement pension, and more, amounting to approximately 31.42% of the gross salary. Internago handles the calculation and submission of these contributions, ensuring full compliance with Swedish laws.
- Employee Benefits Management:
- Annual Leave: Employees in Sweden are entitled to 25 vacation days per year, as stipulated by the “Annual Leave Act.” Internago tracks and manages these entitlements, ensuring both employers and employees adhere to statutory requirements.
- Sick Leave: Compensation during sick leave varies based on the duration and is generally between 75% and 80% of the employee’s regular pay. Internago administers these calculations, ensuring accurate payouts during illness.
- Parental Leave: Sweden offers generous parental leave policies, with parents sharing 480 days of leave. Internago assists in managing these leaves, ensuring compliance with national regulations and seamless payroll adjustments.
- GDPR-Safe Digital Payroll Portal: Internago’s payroll portal allows businesses to manage employee and payroll data efficiently. The platform facilitates the onboarding process, storage of employment contracts, insurance policies, absence records, and more, all accessible through a secure online GDPR-safe interface.
- Comprehensive Reporting and Analytics: With all payroll information centralized, Internago provides detailed reports, aiding businesses in making informed decisions and enhancing productivity. The monthly reports include:
- Gross to Net Report: Breaks down each employee’s earnings from gross salary to net pay, detailing all deductions and contributions.
- Variance Report (Individual and Summary Level): Highlights any discrepancies or changes in payroll figures compared to previous periods, both for individual employees and at a summary level.
- Vacation Liability Report: Provides an overview of accrued vacation days and the associated financial liabilities.
- AGI (Tax) Report: Summarizes the total taxes withheld and employer contributions, ensuring transparency and compliance with tax obligations.
- General Ledger (GL) Report: Offers a detailed account of all payroll-related financial transactions, facilitating integration with your accounting systems.
Why Choose Internago for Payroll Services in Sweden?
Internago combines local expertise with advanced technology to deliver seamless payroll services. By partnering with Internago, businesses can focus on their core operations, confident that their payroll processes are compliant, efficient, and tailored to the Swedish market.
At Internago, we specialize in assisting businesses with their international market expansion, guiding you through every compliance challenge. Whether you are entering Sweden or another European market, let us manage the complexities so you can focus on growth and success.
Be sure to also check out our other blogs about Sweden, such as “The Cost of Employing in Sweden,” “Parental Leave in Sweden,” or “Registering as a Foreign Employer in Sweden.”
For more information or to schedule a demo of our payroll portal, please visit our website or contact our team directly at info@internago.com.