Swedish Representation's VAT Split/Allocation

Here's a guide on setting up and procedures for the VAT increase on representation in Sweden:

Use this tool from the Swedish Tax Agency (Skatteverket) for accurate calculations.

Setup

To ensure the correct VAT split, create the following accounts in Acubiz:

• Split account (Create a split account)
  • Split VAT - representation
• 3 new accounts (How to create an account)
  • * VAT deductible
  • * deductible cost
  • * non-deductible cost

The 3 new accounts should only be used on a split account:

After creating accounts, the Acubiz chart of accounts should look like this:

Procedure

During financial approval, costs for REPRESENTATION must include the necessary distribution:

Example of a representation cost:

Use the Swedish Skatteverket tool for accurate calculations:

Example of how it is booked in the Acubiz booking file:

Ensure the correct account numbers are included in your Acubiz setup.