We would like to share some latest news and updates that affect many entrepreneurs and companies operating in Sweden.
Corporate Income Tax Rate decreased from January 1st 2019
From January 1st the Corporate Tax Rate in Sweden decreased from 22% to 21,4%. From January 1st 2021 the rate will decrease even more, to 20,6%.
Payroll declarations changed individual from January 1st 2019
From January 1st it is mandatory to submit payroll declarations based on an individual. Until now it was possible to declare the payroll of all your employees in one declaration once a month. And once a year (by January 31st) it was necessary to submit last years payroll information of every employee to the tax office.
Regarding this change it is essential to forward all employment contracts and numbers of the tax chart (A-Skatte) to your accountant as soon as you plan to pay out salary.
Old ID06 cards need to be replaced by the new one by June 20th 2019
ID06 cards have been in use in Swedish construction sector from 2006. From 2016 it became mandatory for all the persons being in construction sites to carry this card with them. Every employer who operates in construction object has to ensure that all their employees register their arrival and departure times with the card.
During last year new cards were developed to increase their safety and functionality. Therefore it is necessary to replace all the old cards by June 20th 2019. Swedish companies can order new cards from October 20th and from April 1st it is also possible for all the foreign companies and entities.
1Office Sweden can help you with ordering the new cards, just contact us email@example.com.
Up to 5 employees 2 000 SEK+km
6-10 employees 2 500 SEK+km
11-15 employees 3 000 SEK+km
Swedish temporary personal identification codes
Swedish tax office has made a decision to valid temporary personal identification codes (samordningsnummer) only for 5 years. From now on, the extension of the code will be based on need – before the expiration deadline, tax office will contact every person and make a new decision if the code will be extended or not.
Swedish temporary personal identification codes will be issued to those who don’t permanently reside in Sweden and are not entered to population register. Usually the codes are requested by those who temporarily work in Sweden.
Swedish entrepreneurs union Sveriges Byggindustrier imposed stricter requirements for all foreign background companies
Swedish entrepreneurs union Sveriges Byggindustrier informed its members that from now on it is necessary for all foreign background companies to register as a branch in swedish commercial register and permanent establishment in tax office. It is now one of the conditions to be a memder of Svensk Näringsliv. We can help you with registering as a branch or permanent establishment if needed. If you are interested, contact us firstname.lastname@example.org
More information available here.
Joining 1Office renewed accounting service in February saves you 2500 SEK
February is the best time to join 1Office Swedish accounting service because all new clients can join without the starting fee (regular price 2500 SEK).
Our accounting service has gone through a big renewal process and therefore brings you full access, transparency and real-time results. Regarding these changes we are glad to announce that we are now able to offer fixed monthly fees, therefore it becomes more easier for you to plan your accounting expenses.
The starting fee includes 1h training how to use our accounting software, how to maximize the benefit from different features and how to make it all fit with your nature of business. We also do the setup of the program based exactly on your needs. Your monthly accounting service fee will be agreed on your volume of transactions and nature of business. Minimum monthly fee is 650 SEK and invoices are issued once a month.