All EU member states have a fixed format for their VAT numbers. In Sweden, it includes 12 numbers (of which the last two are most often 01) and the prefix SE (e.g., SE123456789001).
The standard VAT rate in Sweden is 25%, with reduced rates of 12% and 6% on certain goods and services.
All businesses with a Swedish VAT number must submit periodic VAT reports. When establishing a company in Sweden, companies must specify how often they want to report VAT.
For all companies that operate in Sweden, VAT reports must be submitted on a monthly, quarterly, or annual basis, depending on the annual turnover of the company.
In the case of the late filing of VAT returns and payments, the Swedish government prescribed the penalties as follows:
VAT invoices issued in Sweden must contain the following elements:
From 2019, all suppliers billing the Government (B2G) are obliged to submit their invoices electronically according to EN 16931, PEPPOL BIS Billing 3.0.
For B2B and B2C transactions, issuance of invoices electronically is permitted, but still not mandatory.
Most of the businesses in Sweden use the SIE standard for transferring accounting data to authorities.
Like SAF-T, the SIE format is an open standard for transferring accounting data between different software produced by different software suppliers. The format is open to everyone, but only SIE members can get their software approved.
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