Sweden - EC Sales List, VAT Reporting and Reduced VAT rate update
30-01-2012

Sweden

Threshold for filling EC Sales List

With effect from 1 January 2012 the threshold which allows quarterly submission of EC Sales List in respect of intra-Community supplies of goods from Sweden has been reduced to SEK 500,000 (up to 31 December 2011 SEK 1,000,000). If the threshold is breached monthly submissions are required.

Income tax returns VAT reporting

Starting from 2012 the VAT reporting in the income tax return will no longer be available in Sweden where turnover is less than SEK 1,000,000. Instead, all VAT will have to be declared in a VAT return.

The new provision takes effect for the fiscal year from 1 February 2012 to 31 January 2013. If your fiscal year begins before 1 February 2012, you have a further year to report VAT in the income tax return unless your fiscal year is extended so that it ends in 2013.

For Swedish businesses that are not required to file an income tax return, an annual VAT return can be submitted if the taxable turnover is less than SEK 1,000,000. This option is, however, not available to non- resident Swedish businesses.

Reduced VAT rate on restaurant and catering services

The VAT rate on restaurant and catering services has been reduced from 25 percent to 12 percent with effect from 1 January 2012.

The reduction does not apply to alcoholic drinks, i.e. spirits, wine and beer.

Should you have further questions please do not hesitate to contact us