Sweden: Warehouser registration under “chemical tax” deadline 1 July 2017

Sweden's warehouser registration under chemical tax

Sweden’s new chemical tax on “white goods” and other electrical goods—such as computers, tablets, televisions, phones, games consoles, and routers—is effective 1 July 2017. With only 30 working days remaining, a key consideration at this stage is whether to take advantage of the option to register as a “warehouser.”

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Chemical tax will be due from any business that manufactures in Sweden, or that brings white goods and other electrical products into Sweden from elsewhere in the EU, or from outside the EU by means of import. Therefore, the impact of the chemical tax will be very broad—for example, any Swedish business that buys computers from an EU supplier is likely to be required to report and pay the chemical tax.

Registration as a chemical tax warehouser is optional, and in principle is available to any business that is liable to report and pay the tax. At first glance, there may be a number of advantages in registering as a warehouser. Warehousers in general will pay the chemical tax later (due to the different tax accounting points applicable) and will operate monthly reporting (as opposed to the five-day reporting for non-warehousers).

KPMG observation

If a taxpayer will be required to report and pay the chemical tax, the taxpayer needs to consider the warehouser option (based on the specific business flows) as soon as possible. Experience reveals that warehouser registrations are taking a couple of weeks, and this processing time is likely to increase as the numbers of applications increase. Businesses looking to be registered as a warehouser on 1 July 2017 need to submit their applications as early as possible—at the latest, by the first week of June 2017.

 

Read a May 2017 report prepared by the KPMG member firm in Sweden

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