- VAT in Sweden is a consumption tax applied to most goods and services.
- Businesses must comply with Swedish VAT registration, invoicing, reporting, and payment obligations.
- VAT is levied at every stage of production and distribution.
- Businesses act as intermediaries collecting and remitting VAT to the Swedish Tax Agency (Skatteverket).
- Sweden maintains its own specific VAT rates, registration thresholds, and reporting obligations.
- VAT is added to the price of goods and services at each point in the supply chain.
- Businesses charge VAT on their sales (output VAT) and reclaim VAT on their eligible purchases and expenses (input VAT).
- The difference between the output VAT collected and the input VAT reclaimed is the amount the business owes to Skatteverket or is entitled to receive as a refund.
- Skatteverket is the primary authority responsible for regulating and administering VAT in Sweden.
- Skatteverket’s responsibilities include VAT registration and deregistration, processing and auditing VAT returns and payments, enforcing VAT compliance, managing VAT refunds for foreign businesses, issuing guidance and interpretations of VAT legislation, and imposing VAT penalties for non-compliance.
- Any business that engages in taxable activities in Sweden must register with Skatteverket.
Source: eurofiscalis.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
