SUF Bolag and Auditor
Although the SUF is only a branch of a foreign limited company, largely of an English Limited Company, the main functions of the company take place in Sweden instead of at the head office in England. As company operations are carried out in the SUF bolag alone, the branch is liable to pay tax to the Swedish Tax Authorities instead of to the British Tax Authorities. The branch is therefore responsible for hiring an auditor, who will keep the accounts and submit the same to the Swedish authorities for tax purposes at the prescribed time each year. Seek a formations service like Panlegis for help.
However, the SUF is required to hire an auditor only if it meets two of the three factors that make it liable to pay tax to the Swedish Tax Authorities. If your SUF bolag has more than three employees on an average, over 1.5 million in total assets and/or over 3 million in net sales, it is required to file for tax returns like the traditional Swedish AB. In case your SUF does not fall under any of these two deciding criterion, the branch is not liable to pay tax, which means that you have no need for an auditor. Check out the details with someone like Panlegis, as their highly skilled staff can offer you some excellent advice.
When you get your SUF bolag registered through a formations service such as Europe’s leading formations company Panlegis, you can expect them to offer you the services of an expert auditor too. It is important to hire an authorized auditor or approved accountant to handle your company accounts and submit them in a timely manner. Apart from this, the SUF enjoys several tax benefits, so it has to be worked out correctly to see whether you are required to pay tax or not.