Momsredovisning

Momsredovisning (VAT return) is the periodic reporting of value-added tax to the Swedish Tax Agency (Skatteverket) by taxable businesses. The return summarizes VAT charged on sales (output VAT) and VAT paid on purchases (input VAT) during the reporting period, and determines whether the business owes VAT to Skatteverket or is entitled to a refund. It is a central element of the Swedish VAT system, which follows the European Union VAT framework.

Who files: Most businesses registered for VAT in Sweden must submit a VAT return. Filing frequency depends on turnover and registration level: monthly, quarterly, or annually. Larger or high-turnover entities typically report monthly, while smaller businesses may report quarterly or annually, with deadlines set by Skatteverket.

What it contains: The declaration lists total output VAT, total input VAT, and any adjustments or corrections. It may include adjustments for credit notes, bad debt, import VAT, reverse charges for cross-border services, and changes in VAT rates. The net amount—output VAT minus input VAT—is the amount payable, or the VAT refundable if input exceeds output.

How it is filed: Submissions are usually made electronically through Skatteverket’s e-services or via accounting software that connects to the tax authority. Supporting documentation for the figures should be retained for a defined period in case of audit.

Penalties and compliance: Late filings or underpayment can incur penalties and interest. Businesses must maintain accurate VAT records and reconcile them with the VAT return for the period.

Relation to other taxes: VAT reporting is separate from income tax but affects net tax payable. In the EU context, cross-border transactions may require additional reporting under EU VAT rules.