Schweden

Increase in the VAT registration threshold Countries are continually reviewing their fiscal structures for multiple reasons. This can be in response to the specific current economic climates, such as rising inflation, or for other commercial or cost-effective reasons.   Various countries are increasing the VAT threshold, reducing the scope of taxpayers obligated to register for VAT. We saw this in Bulgaria last month.   Sweden has become the latest country to increase the VAT registration, in line with the following from 1st July 2022:   

• 30,000 SEK to 80,000 SEK 

  Increasing the VAT registration threshold will remove the need to charge VAT and submit regular tax returns for several taxpayers.  

Exploring options for digitalising VAT The Swedish Tax Agency is reviewing its VAT-related processes with a means of digitising these, for the creation of a more automated, streamlined and effective process. It is expected that relevant stakeholders in the country will convene to discuss the issue in the next few months. Specific areas which are being considered are: • VAT listings • SAF-T • Continuous Transaction Controls (CTC)- Governments introduce CTCs to more effectively counter tax fraud and increase revenue. As part of introducing CTCs in their mandates, governments often require invoice data to be sent to tax authorities in real-time or require invoices to be cleared by the government before they are paid; • Real-time invoice reporting • Mandatory invoicing Tungsten Network is interested in developments relating to e-invoicing in Sweden. We are monitoring these developments and will keep you updated.

Schweden setzt die EU-Richtlinie 55 zur Mehrwertsteuer um

Die EU-Richtlinie 55 zur Mehrwertsteuer verpflichtet alle EU-Behörden dazu, elektronische Rechnungen zu empfangen oder zumindest darzulegen, wie sie dies ab dem 27. November 2018 umsetzen werden.