Sweden and Spain announce significant regulatory changes for 2027

Sweden is set to implement major changes to its electricity and tax systems by 2027. Under a new electricity market law, the system of assigned electricity contracts will be abolished on July 1, 2027. This means residents moving to new homes must actively secure their own electricity trading agreements, as the principle of “no contract, no electricity” will take effect to increase market competition.

In the Swedish tax system, several changes will impact declarations in 2027. While the threshold for travel deductions will increase from 11,000 SEK to 15,000 SEK for the 2026 income year, other deductions are expected to change or disappear, potentially impacting household finances.

In Spain, the Tax Agency (Agencia Tributaria) is introducing new declaration rules for foreign property owners via a new Ministry of Finance regulation. Starting in 2027, the declaration period for standard income from properties used for personal use will shift from January 1 to April 1. Additionally, property owners renting out their homes will face new deadlines, requiring declarations to be submitted within the first 20 days of April. The Modelo 210 form will also be updated to include new requirements for specifying deductible expenses and ownership shares.