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Certain large companies and branches must submit an income tax report

On 22 June 2023, the Act (2023:340) on the disclosure of income tax information by certain large companies entered into force (lagen 2023:340 om offentliggörande av vissa stora företags inkomstskatterapporter). This legislation mandates that multinational groups and certain standalone undertakings with a total revenue exceeding SEK 8 billion must prepare and publish an income tax report. The objective is to enhance public access to financial information regarding multinational enterprises' operations.

What is an income tax report?

Multinational enterprise groups with consolidated revenue of at least SEK 8 billion are required to annually report the amount of income tax paid in each country where they operate. This requirement is based on the OECD’s Country-by-Country Reporting (CbCR) standard and is implemented across the EU. The report submitted to the Swedish Tax Agency (Skatteverket) is comprehensive and shared among tax authorities but is not publicly available.

The income tax report to be submitted to Bolagsverket (the Swedish Companies Registration Office) is a condensed version of the report sent to The Swedish Tax Agency. It contains fewer and less sensitive details, as it is intended to be publicly available.

Which companies are required to report?

The obligation to prepare, publish and make the income tax report available applies to large companies operating in multiple countries, specifically:

  • Swedish limited companies or partnerships that are parent companies preparing consolidated financial statements.
  • Swedish companies not part of a group but conducting business in at least one other country besides Sweden.
  • Certain larger subsidiaries if their parent company is based outside the EEA. The same applies to larger branches where the branch-operating company or its parent company prepares consolidated financial statements.

A company is obliged to submit the report if it has had revenues exceeding SEK 8 billion in each of the two most recent financial years.

When and how should the report be prepared and disclosed?

The report must

  • be prepared annually and written in Swedish
  • follow the template referred to in the Directive 2013/34/EU of the European Parliament and of the Council
  • be created in a uniform electronic reporting format (XHTML) with tagged data (iXBRL/XBRL) to ensure readability by both humans and machines
  • be submitted to Bolagsverket for registration within 12 months after the end of the financial year
  • be made available free of charge on the company’s website for a period of five years.

Additionally, the auditor’s report for large companies must include a specific statement indicating whether they are obliged to submit the income tax report and whether they have done so.

What does Bolagsverket do with the report?

Bolagsverket registers the report and publishes a notice in the Swedish Official Gazette (Post- och Inrikes Tidningar). There is no fee for submitting the income tax report to Bolagsverket.

What happens if the report is not submitted?

If the company fails to submit the report on time, Bolagsverket may issue an official notice requiring its submission. The office may also decide that the company must pay a financial penalty.

New e-service will be available on bolagsverket.se

Bolagsverket is developing an e-service for the digital submission of income tax reports. More information will be provided during the autumn of 2025.

The e-service is expected to be operational in early 2026 and will support the complete taxonomy for income tax reports as defined by the EU.

The e-service will also include a test environment where users can

  • log in using Swedish e-identification
  • upload a file to verify that it meets the correct format and technical requirements without it being considered a formal submission to Bolagsverket.

Further information about the test environment will be available upon logging into the e-service.

Requirements for using the e-service

To submit the income tax report via the e-service, you must

  • be an authorised representative of the company or an agent with a power of attorney
  • possess a Swedish e-identification.

To use the test environment within the e-service, a Swedish e-identification is also required. Upon logging in, you must first accept the terms and conditions before validating a file.

Legislation and purpose

Since 22 June 2023, the Act (2023:340) on the disclosure of income tax information by certain large companies has been in effect. This legislation mandates certain large companies to prepare and disclose reports on their income taxes. The obligation applies from the financial year starting after 31 May 2024.

The report must be submitted to Bolagsverket for registration no later than 12 months after the end of the financial year.

This Act implements Directive (EU) 2021/2101 of the European Parliament and of the Council of 24 November 2021, amending Directive 2013/34/EU as regards the disclosure of income tax information by certain companies and branches. The purpose of these provisions is to increase transparency in multinational enterprises and enhance public scrutiny of companies’ income tax information.

For more information on the regulations concerning income tax reports, please refer to these pages, in Swedish: