Customs duty
Sweden specifics
VAT on import is not payable in Sweden. Import VAT is accounted for in the VAT return. The VAT registered importer shall report the output VAT attributable to the imported goods when the periodical customs bill is issued by the customs authority. The deductibility will arise in the same period with the effect that an importer who is entitled to a full deduction will never have to pay any import VAT. The importer must be registered for VAT in Sweden at the time when the Swedish customs authority issues the customs classification and taxation decision in order to be allowed to report the import VAT to the tax authority. If not registered for VAT, the importer will have to pay the import VAT to the customs authority and subsequently seek a refund from the tax authority. If the importer uses an agent who is jointly liable to pay the custom duty and the import VAT, the agent will not be taxed for the import VAT. Instead, the importer is the taxable person in this case, because the imported goods are attributable to the importer's business activity, not to the agent's business.
How Infor meets this requirement
SyteLine allows users to include customs duty amounts in purchasing forms as manual vouchers or landed cost allocations. (Item costing also allows you to specify duty amounts.)
| Application | Setup or Actions |
|---|---|
| ERP | Set up special tax codes to use for the offsetting VAT on import. Then either create vouchers that include the customs duty for purchases, or set up and allocate the estimated or actual customs duty amount through landed costs for purchase orders, GRNs, or transfer orders. |