SWEDEN - MESI COURSE - Vifin Course Creator

Introduction – Taxes

As mentioned in the first parts, to start a business in Sweden you must be registered for F-tax (F-skatt). You must also have a coordination number (samordningsnummer), which is instead of a personal identity number. You can get both from the Swedish Tax Agency (Skatteverket).

Why does it make sense to already deal with the topic of taxes before starting a company?

There are mainly two reasons for this:

The tax office calculates your income tax rate for the first year of your independence taking the information that you have provided about your expected profit or loss in the course of tax registration. The tax office sets a certain amount each year, which you have to transfer quarterly as an advance payment.

Taxes – Overview

In connection with your company you should know about these taxes which will be explained on the following slides:

Value-added tax (VAT) (Moms)

Income tax (Inkomstskatt)

Corporation tax (Vinstskatt)

Taxes

Value-added tax VAT (Moms)

Utgående moms - As an entrepreneur you have to charge VAT (utgående moms) to your customers. Always when you do a revenue VAT has to be paid: this means by selling goods or services.

You have to state the VAT explicitly on all invoices you sent to your customers. Please take in to consideration the requirements made by law for invoices.

Ingående moms - As an entrepreneur you pay VAT (ingående moms) for (almost) all company-related purchases. Be careful and aware that on all bills you pay the VAT is clearly indicated. This ingående moms you can later deduct from the utgående moms that you have to pay to the tax office, momsdeklaration.

Income tax (Inkomstskatt)

Anyone who generates or receives an income must pay income tax. This is important for sole traders and trading partnerships because they do not pay the corporation tax.

The tax rate you have to pay depends on your personal profit minus your expenses. The tax office will check your income and if it is higher or lower than initially expected, you will have to pay tax debt or get money back the following year.

Different categories of products and services have different VAT, from 0%, 6%, 12% or 25%.

Taxes

Corporation tax (Vinstskatt)

The corporation tax (vinstskatt) is another tax you have to pay when you have chosen the legal form of limited company or economic association. The corporation tax (vinstskatt) has to be paid only for a profit generated by your company. Corporation tax (vinstskatt) has to be paid on a quartelry or monthly basis in advance to your tax office.

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Introduction to MESI platform

Introduction to modules and platform implemented

Glossary implemented

Module 1: Introduction to entrepreneurship - entrepreneurial attitudes and skills

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