The ongoing covid-19 pandemic affects many companies financially in different parts of the business sector, which may mean that these companies cannot pay their suppliers. Companies in virtually all sectors may experience such payment problems in the current situation.
The Tax Agency therefore considers that during the pandemic in progress, it may be considered probable, and thus can be presumed, that the buyer is unable to pay his debt if all of the following conditions are met.
- The buyer is a taxable person.
- The invoice will be issued between February 1, 2020 – December 31, 2020.
- It has been at least 3 months since the claim was due for payment.
- A written payment reminder has been issued.
- The seller and the buyer are not in the community of interest.
In such circumstances, the seller may reduce the tax base due to a customer loss, even if he has not otherwise shown that the buyer in question lacks the ability to pay. If the seller is later paid in whole or in part by the buyer, the seller is obliged to re-report the tax on the part of the payment that has been received.
Source: skatteverket.se
Contribution by
Anna Sandberg Nilsson
Skatteexpert mervärdesskatt / Advisor VAT Policy
Svenskt Näringsliv Confederation of Swedish Enterprise
