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Taxable persons with turnover below SEK 80,000 during the financial year are exempted from VAT, providing their turnover was not more than SEK 80,000 in either of the two preceding financial years.

Note: The turnover limit for tax exemption is increasing from SEK 80,000 to SEK 120,000 with effect from 1 January 2025. The previous limit still applies where the tax liability occurred before the entry into force of the higher limit. A taxable person with turnover of goods or services for which tax liability arises before 1 January 2025 cannot retroactively apply the new higher limit for tax exemption.

The exemption from VAT where turnover is below SEK 80,000 (SEK 120,000 from 1 January 2025) is voluntary. A taxable person may therefore choose not to be exempt from VAT, even though the conditions for exemption are met and the turnover limit is not exceeded.

Persons who are not registered for VAT can simply apply the exemption, as long as their taxable turnover does not exceed the threshold. There is no requirement to submit an application for exemption from VAT