(edit title) Freelancing, on top of regular employment How to invoice & pay taxes Options

[gsurya]

I have a regular job with a permanent (no period restrictions) employment contract with a Swedish employer.

I have now the chance to do some freelancing consulting for a Dutch customer, billing a few hours a week on my own.

I will be formally informing my company, but I dont expect they will have any problems, as long as their work is getting done.

Is this OK to do with my current regular work permit in Sweden?

What do I need to do in Sweden to report this "additional income" - do I need to open a new tax account? A new bank account?

Thanks for any tips.

-Surya

[*Guest*]

You need to speak to SV so that you are registered for F & A tax. You'll need to do annual returns. The obvious downside is your secondary income will feel more heavily taxed, be ready for this and put the money aside.

[gsurya]

You need to speak to SV so that you are registered for F & A tax. You'll need to do annual returns. The obvious downside is your secondary income will feel more heavil ... (show full quote)

You need to speak to SV so that you are registered for F & A tax. You'll need to do annual returns. The obvious downside is your secondary income will feel more heavily taxed, be ready for this and put the money aside. ... (hide full quote)

Yes, I realized this, it will be ridiculous to have to pay 60% tax on that "top" income, plus the admin overhead, but then the consulting I have to offer will be a good learning exercise for me and add to my resume too.

[*Guest*]

Yes, I realized this, it will be ridiculous to have to pay 60% tax on that "top" income, plus the admin overhead, but then the consulting I have to offer will be a g ... (show full quote)

Yes, I realized this, it will be ridiculous to have to pay 60% tax on that "top" income, plus the admin overhead, but then the consulting I have to offer will be a good learning exercise for me and add to my resume too. ... (hide full quote)

I wasn't suggesting not to earn it. Just avoid the trap many do of spending everything, then panicking when they file their tax return.

SV won't really question your plan. It's only those wanting to be purely self employed they monitor more. In case their sole employer is trying to avoid tax commitments.

[Essingen55]

Yes, I realized this, it will be ridiculous to have to pay 60% tax on that "top" income, plus the admin overhead, but then the consulting I have to offer will be a good learning exercise for me and add to my resume too.

Set up a limited company (AB) then.

[Anders]

You have to choose how to set it up. If you are getting salary from abroad you have to pay tax every month yourself and the employer probably needs to pay employer fees. https://www.skatteverket.se/privat/skatter/...4880001233.html

Setting up a business might be better: https://www.skatteverket.se/servicelankar/o...bc048f51be.html

Note that Skattverket holds some seminars in English even if the booking page is in Swedish: https://skatteverket.se/foretagochorganisat...bc80001513.html