
Starting in November 2022, the relevant penalty for late VAT payments in Sweden will increase.
Sweden raised its benchmark interest rate from 1.25 percent to 2.5 percent. In addition, the interest earned rose from 0% to 1.125%. Here is where the formal announcement may be located.
In various cases, the base rate influences the low and high-interest rates that apply to a company's late tax payments.
As of November 1, 2022, the following interest rates are applicable:
Instead of zero, the earning rate is 1.125%.
A low-interest rate of 2.5%, as opposed to 1.25%
A high-interest rate of 17.5%, as opposed to 16.25%.