Description
Submitting annual report is mandatory for all the companies registered in Sweden, even if the company doesn’t have any activities during the financial year. All the accounting has to be completed before starting to compile the annual report.
Mandatory components of the annual report are the management report, balance sheet, income statement and notes to the annual accounts. For larger companies’ cash flow statements and statements of changes in equity are also required. In certain cases auditor’s evaluation is mandatory.
The original document of the Annual Report must be preserved by the management board and a copy of the document will be sent to the Commercial Register. A member of the board or the managing director has to submit a signed original proof that the balance sheet and income statement were confirmed in the general board meeting.
Included with the annual report in Sweden:
- Preparing mandatory reports for annual report in Sweden (except auditor’s evaluation)
- Submitting the data into the Commercial Register (Bolagsverket)
Available for an extra fee:
- Accounting
- Communication with the auditor
Important information:
- Submitting your annual report is mandatory even if your company doesn’t have any activities during the financial year.
- Delay in submitting the Annual Income declarations on time will result in penalties:
1) immediately after the deadline 5000 SEK
2) 2 months after the deadline 5000 SEK
3) 4 months after the deadline 10 000 SEK
4) company’s compulsory liquidation
1. What happens if I don’t file the Annual Report for my company?
When the Annual Report is not submitted, then the Commercial Registry may decide to delete the company prior to several late penalties’.
2. Where can I check when my company’s financial year ends?
On your company’s registrations certificate, articles of association or tax agency registration sheet.
3. Can I file the Annual Report myself?
In principle yes, you can. But this is a complicated process, so if you really decide to do this yourself, then we advise you to do this early so you would still have time to turn to professionals if it gets overwhelming.
4. My company is not registered in Sweden, but it has Swedish tax registrations. Is Annual Report mandatory for my company?
No. You only need to file the Annual Income statement.
- DESCRIPTION
Submitting annual report is mandatory for all the companies registered in Sweden, even if the company doesn’t have any activities during the financial year. All the accounting has to be completed before starting to compile the annual report.
Mandatory components of the annual report are the management report, balance sheet, income statement and notes to the annual accounts. For larger companies’ cash flow statements and statements of changes in equity are also required. In certain cases auditor’s evaluation is mandatory.
The original document of the Annual Report must be preserved by the management board and a copy of the document will be sent to the Commercial Register. A member of the board or the managing director has to submit a signed original proof that the balance sheet and income statement were confirmed in the general board meeting.
Included with the annual report in Sweden:
- Preparing mandatory reports for annual report in Sweden (except auditor’s evaluation)
- Submitting the data into the Commercial Register (Bolagsverket)
Available for an extra fee:
- Accounting
- Communication with the auditor
Important information:
- Submitting your annual report is mandatory even if your company doesn’t have any activities during the financial year.
- Delay in submitting the Annual Income declarations on time will result in penalties:
1) immediately after the deadline 5000 SEK
2) 2 months after the deadline 5000 SEK
3) 4 months after the deadline 10 000 SEK
4) company’s compulsory liquidation
- FAQ
1. What happens if I don’t file the Annual Report for my company?
When the Annual Report is not submitted, then the Commercial Registry may decide to delete the company prior to several late penalties’.
2. Where can I check when my company’s financial year ends?
On your company’s registrations certificate, articles of association or tax agency registration sheet.
3. Can I file the Annual Report myself?
In principle yes, you can. But this is a complicated process, so if you really decide to do this yourself, then we advise you to do this early so you would still have time to turn to professionals if it gets overwhelming.
4. My company is not registered in Sweden, but it has Swedish tax registrations. Is Annual Report mandatory for my company?
No. You only need to file the Annual Income statement.
