Tax forms

In the tax form INK2 - Tax return for limited companies etc, the bases for income tax, special employer’s contribution, tax on return, real estate fee and real estate tax are specified.

The basis for income tax is specified in field 1.1 or 1.2 and has been transferred from field 4.15 or 4.16 on INK2S, where tax adjustments are specified.

The basis for special employer’s contribution, tax on return, real estate tax and real estate fee are transferred from certain appendices in Year-end closing - Reconciliation BS- Tax appendices. You can easily navigate to the appendix from which the basis is transferred, by hovering over an applicable field, clicking on the menu icon and selecting Go to appendix. You can also enter the data manually in field 1.4-1.15 by selecting Override amount.

On the tax form INK2R - Account scheme, the income statement and balance sheet are specified. The layout is more or less the same as in the Annual Accounts Act and in BFNAR 2016:10.

The prepopulated values in this form have been transferred from Year-end closing - Financial statements. The maximum provision or forced resolution for the year from Year-end closing - Tax calculation - Additional depreciation machinery/equipment is transferred to field 3.23.

The amount that is specified in field 3.25 or 3.26 is the basis for the tax adjustments in INK2S.

Roundings in tax form INK2R

When values from the financial statement are transferred to the tax form INK2R, roundings are handled automatically.

The row where any rounding is placed is marked with an information icon:

In case of any differences in roundings, they will be placed on the below rows in the following priority - if there is no balance on row 1, the rounding difference will instead be placed on row 2 and so on: If there are no values in any of the four fields, the difference is placed in field 1.

Assets

1. Cash and bank (2.26)
2. Prepaid expenses (2.23)
3. Other receivables (2.21)
4. Accounts receivable ledger (2.19)

Total liabilities and equity

1. Accounts payable ledger (2.45)
2. Accrued expenses (2.50)
3. Other liabilities (2.48)
4. Tax liability (2.49)

Income statement

1. Other external costs (3.7)
2. Net sales (3.1)
3. Employee benefit expenses (3.8)
4. Other operating income (3.4)

In the tax form INK2S - Tax adjustments, the adjustments that affect the taxable result are specified.

The prepopulated amount in field 4.1 or 4.2 is the same amount that is specified in field 3.25 or 3.26 on INK2R. When adjustments are made in Year-end closing - Tax calculation, the amounts are transferred to INK2S in those cases the fields in the system have corresponding fields on this tax form. The result of the adjustments is summarized in field 4.15 or 4.16. The taxable profit or loss is then reversed to field 1.1 or 1.2 on INK2.

On tax form INK4 - Inkomstdeklaration 4 for trading partnerships and limited partnerships, the basis for special employer's contribution, tax on return, real estate tax and fees are reported.

The basis for special payroll tax, tax on return, real estate tax and fees is fetched from Tax calculation - Tax return INK4 - Other taxes.

As a partner in a smaller limited company, a close company, and if you own qualified shares, you should submit the K10 appendix along with your private tax return.

The appendix is automatically filled in via Year-end closing - Basis for tax return - Tax appendices - K10 - Kvalificerade andelar i fåmansföretag.

Tax form N3B is used by a legal person who is participating in trading partnerships. On this form, the partner's share of the trading company’s taxable result is calculated.

The form is filled out automatically via Year-end closing - Basis for tax return - Tax appendices - N3B - Participation in trading partnerships.

Tax form N4 shall be submitted together with INK2 when you wish to defer tax on exchange of participations according to the rules for exchange of shares. You should also submit N4 when requesting deferment of taxation of intra-group share divestments (group transfers). Previous deferments are also reversed on tax form N4.

The requested or reversed deferment on tax form N4 shall then be recorded as a tax adjustment on INK2S. If you request a deferment, this is to be recorded at field 4.7 c on INK2S. If you have made a reversal, this is to be recorded at field 4.7 d on INK2S.

The form is filled out automatically via Year-end closing - Basis for tax return - Tax appendices - N4 - Deferment business activity.

In the N7 appendix you report takeover of funds and allocation amounts.The form must be submitted by the person who took over tax allocation reserves, expansion fund, interest distribution amount, forest account or forest damage account. Both natural and legal persons must submit the form. You must submit an N7 form for each grantor. However, have you taken over e g both tax allocation reserve and expansion fund from the same person, the information must be provided on a form.

The appendix is automatically filled in via Year-end closing - Basis for tax return - Tax appendices - N7 - Takeover of funds.

On tax form N8, forest and depletion deductions are recorded. In Section A, you report forest deductions and in Section B, deductions for natural assets. Appendix N8 should be submitted as a sub-appendix to the INK2 appendix when requesting or returning deductions for forest or natural assets.

The form is filled out automatically via Year-end closing - Basis for tax return - Tax appendices - N8 - Deduction for forest property/deduction for natural assets.

A company deducting a negative net interest income under the EBITDA rule should attach the appendix to its income tax return. The same applies to companies that:

• deducts the remaining negative net interest income from previous years,
• deducts a negative net interest income that has arisen in another group entity, or transfers a negative net interest income to another group entity (so-called group equalisation).

A company that makes a deduction for a negative net interest income under the simplification rule must attach the annex to its income tax return if one of the following conditions is met:

• the company is part of a community of interest; or
• the company's negative net interest income exceeds SEK 5 million.

Thus, only companies that apply the simplification rule, have a negative net interest income of less than SEK 5 million and are not part of a community of interest, are not required to attach the appendix to their income tax return.

Swedish partnerships and legal entities taxed as partners abroad that have been owned by natural persons only throughout the tax year are not required to submit the appendix.

The form is filled out automatically via Year-end closing - Basis for tax return - Tax appendices - N9 - Limitation of interest deduction.

This for is a help form, used for calculating the profit/loss for genuine housing cooperative associations. The form is filled out automatically via Year-end closing - Tax calculation - Tax return INK2.