Tax Returns

A tax return is a return of of VAT and employer contributions filed by businesses with the Swedish Tax Agency on a monthly basis. The return shall be filed on the 26th of every month for companies with a turnover in excess of SEK 40 million, and for other companies on the 12th of every month. Payroll taxes and taxes included in the declaration must be paid into the tax account by the day on which the declaration is made.

Taxes and payroll taxess for the calendar month preceding the declaration shall be included in the tax retrun, as shall the input and output VAT. The VAT return can be submitted quarterly for smaller companies and annually for sole traders. Smaller companies can also choose to file the VAT return when they file their self-assessment income tax return.

Self-assessment income tax return is also called income tax return. A person lable for tax (legal entity or natural person) files a return annually to establish the taxes they must pay. For a natural person, an income tax return must be filed by the first working weekday in May. This is often now done via the Swedish Tax Agency’s website. The tax liability must be paid not later than the same day that the return is filed. Banks, employers and the Swedish Social Insurance Agency provide income information to the Swedish Tax Agency, which in turn sends a pre-completed form to natural persons, who simply check the information and approve the form.

BQ Redovisning reports to the Swedish Tax and gives you a summary of what needs to be paid and when. With Sweden’s most secure accountancy firm you get a complete solution so that you don’t have to keep track of all the details. You also get support and feedback with any questions you may have. We look after payroll administration, disbursements and reporting to authorities. You can concentrate on your core business and leave all the paperwork to us!