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Sweden's new salary requirement expected to go into effect on 1 November 2023
On 18 September 2023, the Swedish Migration Agency announced that individuals who apply to obtain new work permits or renew their existing work permits will be required to earn at least SEK 27,360 per month. This amount is based on the latest median salary published by Statistics Sweden. The new salary threshold is expected to go into effect on 1 November 2023. Individuals whose work permit applications (new and renewal) are pending a decision as of the date when the new salary requirement goes into effect will be subject to this new threshold, regardless of the nature of their employment (i.e., part-time or full-time). The revised salary threshold will not impact individuals who seek to apply for ICT Permits or EU Blue Cards or those who have the right to free movement within the EU or EEA.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.