The taxation rules for rental income differ depending on whether you are based in Sweden or Norway. Please see the relevant information below.
Taxation in Sweden
If you are based in Sweden, income from renting out items via Hygglo must be reported in your income tax return. This income is classified as capital income and is generally taxed at 30%, regardless of any salary you earn.
Tax is applicable from the first Swedish Krona (SEK) earned.
For more details, visit the Swedish Tax Agency
Taxation in Norway
In Norway, you can earn up to NOK 10,000 per year tax-free from renting out items.
The Norwegian Tax Administration state the following:
Rental of car and other items.
Applies to you who rent out the car or other items, such as tools, trailers or other belongings. When you also use the item and/or your car privately and gross rental income is a maximum of NOK 10,000 a year, you do not pay tax on the rental. If the rental income exceeds NOK 10,000, the income must be reported in the tax return. It is the same whether the rental takes place privately or through an intermediary (application or online service such as Hygglo).