VAT In Sweden

Question 1

Do I need to register for VAT i Sweden?

Answer 1

It depends on the business type
(Exceed 80 000:- VAT excl/year)

Question 2

Which agency handles VAT in Sweden?

Answer 2

The Swedish tax authorities
(Www.skatteverket.se)

Question 3

Which rates are used for VAT in Sweden?

Answer 3

6%, 12% and 25%

Question 4

Which rate is used for what?

Answer 4

6 = news, book’s tickets etc
12 = food
25 = everything else - no food alcohol etc

Question 5

When am I entitled to deduct VAT?

Answer 5

When you need to purchase items to be able to run the business
(To be able to sell goods or services)

Question 6

When should I report and pay VAT? Is there monthly reporting or annual?

Answer 6

There is either monthly, per quarter or annual reporting, depending on type of business. At the latest the 12th of every month.

Question 7

Are there any exemptions from VAT?

Answer 7

Yes, musicians and insurance don’t pay VAT/are VAT free. And car-leasers pay just 50% VAT.