All businesses in Sweden have to report to the tax authorities (Skatteverket) regarding VAT (moms) and yearly with an annual report and/or company income-tax report. Some businesses need to have permits for parts of their operations that are being carried out in Scandinavia, for example when handling securities, running commercial traffic or handle hazardous waste.
The main feature of Sweden's tax relief legislation provides a 25 percent reduction of taxable income of a foreign key person. This means that a key foreign individual's income tax will be based on only 75 percent of his or her income. In Sweden, entry visas are governed by the Schengen Agreement, including EU-countries (except Ireland and UK), Norway and Iceland. A visa issued for a visit to one of these countries is normally valid in each of the other countries as well. Visas are not required for citizens of other countries with which Sweden has visa agreements, including the US, Japan, Canada, Switzerland and others. Those visitors, who do not need visas for a temporary stay, may remain in Sweden for up to 90 days during a six-month period.
Kyllenius & Garmer handle the contact with the tax authorities and see that all reports are correct and professional. We also present which permits that are necessary for your business and help you with applying for permits at the correct authorities as well as handling tax reliefs for foreign personnel, visas and work permits.
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