The European Commission is tightening regulations on e-commerce imports to address the surge of unsafe and counterfeit goods, particularly from China, by reforming customs rules and increasing product safety checks. Key measures include removing the duty exemption for low-value parcels, introducing a potential customs fee, establishing priority control areas, and launching an EU-wide product safet... Read more

In Sweden, businesses handling cash or card transactions must use certified cash registers or POS systems that meet strict fiscalization requirements set by the Swedish Tax Agency. These systems must securely store sales data, generate reports, enable electronic journaling, and connect to a verification system to prevent fraud and ensure compliance. In general terms, all businesses that handle cas... Read more

Sweden has mandated e-invoicing for all Business-to-Government (B2G) transactions since April 1, 2019, requiring suppliers to public entities to submit invoices electronically in the Peppol BIS Billing 3.0 format. While Business-to-Business (B2B) and Business-to-Consumer (B2C) e-invoicing are not yet mandatory, they are gaining traction due to their efficiency and cost-saving benefits. Read more

Sweden has updated its simplified invoice rules by repealing regulation SKVFS 2005:14 and introducing new VAT provisions under SKVFS 2024:26, effective December 2024. These changes align with EU VAT directives and simplify invoicing for specific scenarios such as vending machine sales, public transport, toll payments, and combined electricity services. Read more

Sweden’s public sector e-procurement initiative, SFTI, will transition to Peppol BIS standards by July 1, 2025, replacing the EDIFACT-based SFTI ESAP 6 standard for purchase orders to modernize and streamline digital transactions. Peppol BIS formats, including tools for catalog creation, ordering, invoicing, and shipment notifications, will improve efficiency, clarity, and global interoperability... Read more

Sweden has announced amendments to the VAT Act, effective January 1, 2025, to streamline the system and provide clearer guidelines. Key updates include new VAT exemptions for small businesses with low annual turnover, revised definitions for taxable activities, and a 12% VAT rate for certain art and antique transactions. The amendments also outline conditions for input tax deductions and detailed... Read more