03.23.22

Exploring options for digitalising VAT

The Swedish Tax Agency is reviewing its VAT-related processes with a means of digitising these, for the creation of a more automated, streamlined and effective process. It is expected that relevant stakeholders in the country will convene to discuss the issue in the next few months. Specific areas which are being considered are:

• VAT listings
• SAF-T
• Continuous Transaction Controls (CTC)- Governments introduce CTCs to more effectively counter tax fraud and increase revenue. As part of introducing CTCs in their mandates, governments often require invoice data to be sent to tax authorities in real-time or require invoices to be cleared by the government before they are paid;
• Real-time invoice reporting
• Mandatory invoicing

Tungsten Network is interested in developments relating to e-invoicing in Sweden. We are monitoring these developments and will keep you updated.