VAT and Sales Tax Rates in Sweden for 2015
Sweden VAT Rate
The current Sweden VAT (Value Added Tax) is 25.00%.
The VAT is a sales tax that applies to the purchase of most goods and services, and must be collected and submitted by the merchant to the Sweden governmental revenue department.
Sweden's VAT rate of 25% ranks as one of the ten highest VAT rates in the world.Countries with similar VAT rates include Iceland with a VAT of 26%.
|VAT/Sales Tax||Reduced VAT Rate||World VAT Rank|
|25%||None||2nd of 34|
Sweden VAT Refund For Visitors
Visitors to Sweden may be able to get a refund of the Sweden VAT tax paid on any goods bought for deportation. To get a VAT refund, you must present receipts for the goods purchased (and possibly proof of your deportation of the goods) to a Sweden VAT refund station (which are often found in airports, tourist offices, or international travel hubs).
Some localities have a minimum purchase price for which a VAT refund can be claimed, or certain purchase types which cannot be made tax-free. A VAT refund of up to 25.00% of your total expenditures may be refunded for qualifying purchases. Regulations on VAT and sales tax refunds vary across countries and by region, so be sure to check ahead before expecting a Sweden VAT refund.
Sweden VAT Law For Businesses and Merchants
Businesses in Sweden are required to collect a sales tax of 25.00% on behalf of the government, which they must submit to the applicable Sweden revenue department in a periodical VAT tax return. Unlike the United States' sales tax, which is only charged on sales to end consumers, the VAT is collected on all sales - even of raw materials.
Businesses may be required to register for a Sweden VAT number or other identifier to enable the government to track and verify VAT tax returns. VAT collection is a responsibility of the merchant, and failure to collect and submit the appropriate tax amounts may result in severe penalties.
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