Taxes and contributions for sole tradersThe page was last modified:
You declare the result from your sole trader business in a declaration form which you submit to the Swedish Tax Agency, alongside your tax return, once a year. The company’s final tax liability is stated in the final assessment notice that you receive from the Swedish Tax Agency.
How to pay your tax
You pay your tax by paying preliminary income tax to the Swedish Tax Agency each month.
Before each calendar year, you file a preliminary income tax return to the Swedish Tax Agency, containing an estimate of your profit or loss, i.e. the difference between your income and your expenses.
Your preliminary tax is calculated by the Swedish Tax Agency. The Swedish Tax Agency uses the information that you submit in your application via the online service here on verksamt.se, or the information you submitted to the company registration form (Företagsregistrering).
You pay an equal amount of preliminary tax every month during the tax year, normally on the 12th of each month. Consequently, the size of the payments is not affected by your profit/loss in the relevant month.
You keep financial accounts over the course of the year which are compiled into a financial statement at the end of the year. You then use the financial statement to obtain income and expenses figures for your income tax return. Once you have filed out your return, you will receive a final assessment notice from the Swedish Tax Agency stating your final tax liability. The Swedish Tax Agency has then reviewed the return and calculated your total tax liability, usually around 40 percent of your profit.
If you paid too little preliminary tax during the year, you need to pay the difference up to your total debt. If you paid too much, you will receive a refund.
If you are unable to file your tax return on time
As a sole trader, you can apply to declare your income tax return 1 at a later time. You may be granted an extension until 16 May and you must apply for one by 2 May at the latest.
Webinars for those filing their first tax return
The Swedish Tax Agency offers webinars for those who are about to file a sole trader tax return for the first time. At the moment there are only webinars in Swedish available.
Responsible: Swedish Agency for Economic and Regional Growth