From 1 January 2015, instead of reporting import Swedish import VAT to the Customs office, the companies must instead report and pay directly to the tax office. This will improve …
Import VAT
From 1 January 2015, instead of reporting import Swedish import VAT to the Customs office, the companies must instead report and pay directly to the tax office. This will improve cash flows since if there is output VAT to be declared, the import VAT may be offset against this amount, which means reduction of the cash payments.
The purpose is both to improve the cash flows, but also to simplify the management of the import VAT.
VAT registered companies will report and pay import VAT directly to the tax agency. Companies and individuals without a VAT registration in Sweden will, however, continue to report and pay import VAT to Customs.
The requirement to submit the import declaration of imported goods to Customs stays the same – and, for dutiable goods you will still have to pay customs fee.
This change is regardless of whether the goods are from other EU countries or from countries outside of the EU.
Peppi Georganta
