Sweden

Sweden VAT threshold proposal

July 5th, 2016

Sweden has proposed introducing a VAT registration threshold for resident companies from 2017. Sweden currently does not have a VAT registration threshold – companies or individuals are liable to register for VAT upon providing any taxable supply. The government has now sent to the Parliament a proposal for a SEK 30,000 annual threshold from 1 …


Sweden

Sweden scraps VAT group benefits

October 5th, 2015

The allowance for group VAT locking in Sweden is to be abolished at the start of 2016. The allowance permits group companies to transfer the right to deduct input VAT incurred on certain expenses. The European Commission had attempted to force Sweden to withdraw its entire VAT Grouping arrangements on the basis that it favoured …


Sweden

Swedish import VAT update

April 23rd, 2015

Since 1 January 2015, Sweden introduced a VAT deferment scheme for importers. Previously, importers were required to pay 25% Swedish VAT to clear the goods through customs. From the start of this year, Swedish VAT registered businesses can instead defer the payment till their next VAT return. In the event that there are offsetting sales …


Sweden

Swedish EC Sales Lists (ESL)

February 9th, 2015

If a Swedish VAT registered business, resident or non-resident, is selling goods or services to other VAT registered companies in Europe, then an EC Sales List (ESL) return may be required.  These may also be known as recapitulative statements.  This is in addition to the regular Swedish VAT return or Swedish Intrastat.


Sweden

Swedish Intrastat

February 9th, 2015

Swedish VAT registered businesses, both resident and non-resident, will be required to submit additional reporting on the movement of goods across EU borders.  These are in addition to VAT returns and a separate Intrastat return needs to be submitted to Statistics Sweden (SCB). These ‘Intrastat’ filings list the movement of goods across national borders. As …


Sweden

Swedish VAT invoice requirements

February 9th, 2015

Swedish VAT obligations for the layout and disclosures to be made on invoices conforms with the EU VAT Directive and its VAT invoice requirements. Date of issuance and storage of Swedish invoices Swedish VAT invoices must be issued according to generally accepted accounting principles. However, in the case of intra-Community supplies an invoice must be …


Sweden

Swedish VAT returns

February 9th, 2015

Regular Swedish VAT returns are required from non-resident traders with a VAT number. These are required to report taxable transactions in Sweden, and to report any VAT due/refund from the tax payer. A form CA 3 is used. What are the deadlines for filing Swedish VAT returns? Monthly Swedish VAT returns are due on the …


Sweden

Swedish VAT registration

February 9th, 2015

What are the Swedish VAT registration thresholds? For foreign businesses trading in Sweden that are VAT/GST/Tax registered in their home state, the VAT registration threshold is nil. For EU VAT-registered companies selling goods over the internet to consumers in Sweden (distance selling), the VAT registration threshold is (approximately EUR34,000) per annum. Is a Swedish fiscal …


Sweden

Sweden VAT changes

December 14th, 2014

The 2015 Budget proposal introduced a number of Swedish VAT changes. These include: The VAT exemption on dental supplies and related services has changed No change to the reduced 12% VAT rates on tourism services (following the left-wing government’s re-election last month) The threshold for the use of simplified VAT invoices has been increased Reduction …