Sweden Tax Agency Clarifies Tax Treatment of Maritime Income for Nonresidents

The Swedish Tax Agency Sept. 6 clarified the tax treatment of maritime income for Swedish individuals residing abroad and working on Swedish-registered ships. The clarification includes that: 1) employees with limited tax liability in Sweden may be subject to a 15 percent withholding tax rate on their taxable maritime income under the rules on special income tax for residents living abroad (SINK); 2) employees working on vessels classified by the Tax Agency as maritime revenue in Sweden, are eligible for SINK; 3) employees seeking SINK benefits must apply with the Tax Agency for a SINK decision, either individually or through ...