VAT OBLIGATIONS IN SWEDEN

How is the tax period determined in Sweden? 

Monthly/Quarterly

Your company has to report its VAT position by filing periodical VAT returns on a quarterly basis if your annual turnover does not exceed SEK 40 million and on a monthly basis otherwise [with the possibility to opt for monthly submission after notifying the tax agency].

When should periodical VAT return be filed?

Your company can choose to submit VAT returns  by electronic means between the 1st of the month after the return period and the 12th of the second month following the tax period. Large companies [turnover exceeding SEK 40 million] must always report VAT on the 26th of the month after the return period.

VAT Directive

The tax period shall be set by each Member State at one month, two months or three months. Member States may, however, set different tax periods provided those ones do not exceed one year. The VAT return shall be submitted by a deadline to be determined by Member States. That deadline may not be more than two months after the end of each tax period.

Is this requirement laid down in the country and what is the filing deadline?

Your company is not required to file any summarizing annual VAT return in Sweden.

VAT Directive

Member State may require taxable persons to submit a return in respect to all transactions carried out in the preceding year. That return shall provide all the information necessary for any adjustments.

 

Are quarterly filings allowed by the country and what is the filing deadline?

The recapitulative statement must be drawn up for each calendar month and submitted to Swedish VAT authorities before the 25th day of the month following the reporting period. The Swedish VAT authorities may decide, in some cases, that the ESL must be submitted once per calendar quarter. A condition for this is that the value of the intra-EU supply of goods does not exceed SEK 500.000 for the current calendar quarter or any of the previous four calendar quarters.

VAT Directive

The recapitulative statement shall be drawn up for each calendar month. However, Member States, in accordance with the conditions and limits which they may lay down, may allow taxable persons to submit the recapitulative statement on each calendar quarter where the total quarterly amount of intra-EU supplies of goods does not exceed either in respect of the quarter concerned or of any of the previous four quarters the sum of € 50.000 or its equivalent in national currency. The recapitulative statement shall be submitted within a period not exceeding one month.

What is the payment deadline?

VAT due on the same date as the VAT return should be filed.

Are interim payments required?

Interim payments are not required.

VAT Directive

Any taxable person liable for the payment of the VAT must pay the net amount of the VAT when submitting the VAT return. Member States may, however, set a different date for payment of that amount. Member States may require interim payment to be made.

 

Is any VAT credit automatically carried forward or refunded?

A VAT credit is in principle automatically carried forward to the next period, unless a tax refund has been applied for. At the request of the taxpayer, the VAT surplus is refunded within 31 days of submission of the tax return.

As from 01/01/2017, the deductibility of input VAT on expenses relating to lunch, dinner, dinner parties or other refreshments will be limited to a maximum of SEK 300 per person per event.

VAT Directive

Where, for a given tax period, the amount of deductions exceeds the amount of VAT due, the Member States may, in accordance with conditions which they shall determine, either make a refund or carry the excess forward to the following period. However, Member States may refuse to refund or carry forward if the amount of excess is insignificant.