momsdeklaration

Momsdeklaration is the Swedish term for the VAT declaration submitted to the Swedish Tax Agency (Skatteverket). It is required for businesses that are registered for value-added tax and is used to report how much VAT the business has charged customers (output VAT) and how much VAT it has paid on purchases (input VAT) during a given period. The difference between output VAT and input VAT determines whether the business owes money to the tax authorities or is entitled to a refund.

In Sweden, the frequency of a momsdeklaration depends on the business’s turnover and registration choices. Most small businesses file quarterly or monthly, while very small operations may file annually. The declaration is submitted electronically, typically via Skatteverket’s online services or through compatible accounting software.

The content of the momsdeklaration includes total sales subject to VAT, VAT charged at applicable rates, deductible input VAT, and any adjustments or corrections. Supporting documentation for purchases and invoices should be retained in case of audit.

Deadlines for submission and payment are set by Skatteverket and vary with the reporting period. Penalties can be imposed for late or incorrect filings, and interest may be charged on outstanding amounts. Corrections can be made by submitting an amended declaration.

Overall, the momsdeklaration is a central component of VAT compliance in Sweden, enabling the tax authority to track tax collected on sales and remitted on purchases by businesses.