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A sole trader’s tax return.

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As self–employed, you submit
an income tax return each year

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to find out how much tax you
have to pay.

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But what do you actually have to

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submit when you file your tax return
as a sole trader?

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Before the year starts you have to submit
a preliminary tax return

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with an estimate of your profits - the
difference between income and expense.

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The Swedish Tax Agency then
calculates how much

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you should pay in preliminary
tax each month.

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During the year you will do your
bookkeeping on an ongoing basis

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which at the end of year will be compiled
into an end of year account.

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From the final account, you collect your
income and expenses

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for your income tax return.

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When you have sent in your
income tax return,

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you will get a final tax notice
from the Swedish Tax Agency.

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The Swedish Tax Agency has now reviewed
your tax return

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and calculated the total amount of tax
you have to pay.

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It is usually about 40 percent
of the profit.

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If you paid too little preliminary
income tax during the year,

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you have to pay what's owed.

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If you paid too much,
you'll get a refund.

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Verksamt.se -
Government services for businesses.