Detailed information on the new Chemical Tax that will take effect in Sweden on 1 July 2017.
Detailed information on Sweden's new Chemical Tax.
What is taxed and how?
The six digit customs code determines if a product is in-scope. The tax is calculated based on weight of the good, multiplied by 8 SEK/kg for white goods, and 120 SEK/kg for other electronics. Subject to a maximum tax per product of 320 SEK.
Who has to pay?
Chemical Tax is due from any business that manufactures in-scope goods in Sweden, or brings in-scope goods into Sweden from elsewhere in the EU, or from outside the EU via import. There is an option to register as a warehouser, which may shift the responsibility for Chemical Tax accounting to a party further down the supply chain.
How can you get a reduction in the tax?
There is a possibility to obtain a reduction in the amount of Chemical Tax due where in-scope product contain low levels of the potentially dangerous chemicals. Two deductions are available, either 50% or 90%. These depend on the proportion of certain bromine, chlorine, and phosphorous compounds that are included within any circuit boards or plastic parts that are a part of an in-scope product.
What does the warehouser system involve?
A warehouser registration changes the Chemical Tax accounting point to the time of sale of in-scope goods to a non-warehouser, and allows for reporting on a monthly basis. Because warehousing can impact who bears the responsibility reporting and paying Chemical Tax, it can lead to significant complications in relation to supply chains of goods.
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