Aggregating all your crypto transactions and calculating your gains can be very time consuming. This is especially true if you have a lot of complex transactions!
If you are struggling to complete your crypto tax return before the final deadline (May 2, 2023), you can always apply for an extension. It is possible to be granted a few extra weeks of time by filling in a form and sending it to Skatteverket.
In this guide we will explain how you apply for an extension to Skatteverket. It can be a lifesaver if you are struggling to finish your crypto tax return in time.
If you are looking for a more holistic guide on crypto taxes in Sweden, feel free to take a look at Divly's guide to crypto taxes in Sweden.
Pro Tip! If you are using Divly to calculate your crypto taxes, it is good practice to keep your portfolio up to date throughout the year. This will make it less stressful when taxes are due, and you can also track your portfolio gains throughout the year!
When can I apply for an extension?
You can apply for an extension as late as on the day of the final deadline (May 2, 2023). From what we have heard, it’s preferable if you send in the application at least two weeks before the final deadline. So if you are worried about finishing in time, then it might be smart to apply just in case!
How long does the extension last?
As an individual (physical person), it's most practical to extend your deadline until May 16, 2023 if possible. We are hearing reports though that people are now commonly only being able to extend it to May 16, 2023. This will give you almost a month's worth of extra time which should in most cases be sufficient.
A longer extension would require you to provide a very good reason and is likely harder to be granted.
What is considered a valid reason to extend?
Assuming you are applying to extend your deadline until May 16, 2023, the reasons can be quite varied. Below are a few reasons we have found on Skatteverkets website and on the form that is submitted:
You are overseas for a longer period of time
You are travelling for work
You are working from a different location
Your accountant has fallen ill
Your income tax situation is complex and you require external help
You have not been able to compile the information needed to calculate your taxes in time
We assume the last two reasons are the most common ones faced by crypto owners. Some crypto transactions can be very complex. It can also be difficult to compile all your transaction history from a variety of exchanges.
How do I apply for an extension?
You can apply for an extension digitally or by post.
If you want to apply for an extension of your crypto tax deadline to Skatteverket digitally, follow the below steps:
- Login to Skatteverket.
- Click the box Skatter och deklarationer.
- Click the box Anstånd med inkomstdeklarationen.
- You will now be asked to fill in a short form. For Välj en anledning choose the response Jag saknar uppgifter för deklarationen. Then click the yellow button Nästa.
- Click the yellow button Skicka in to complete the process.
You should now get confirmation (bekräftelse) that you can submit your taxes by 16-31 May 2023.
To apply for an extension by post, go to Skatteverket’s website and download form SKV 2600. This form is called “Anstånd att lämna inkomstdeklaration m.m. “.
Fill in all the required fields and provide the reason why you are applying for an extension. You can use the reason "Jag saknar uppgifter för deklarationen".
Once you have printed out and filled in the form, send the application to the following address:
171 94 Solna
What happens now?
Congratulations, you have now successfully submitted your application to extend your tax deadline! Skatteverket will reply to you regarding their decision based on the name and address you provided in the application.
It is probably best you keep working on finalizing your crypto taxes whilst you wait for their decision! Divly is here to help with that process, feel free to contact our support if you have any questions. Good luck!
Any tax-related information provided by us is not tax advice, financial advice, accounting advice or legal advice and cannot be used by you or any other party for the purpose of avoiding tax penalties. You should seek the advice of a tax professional regarding your particular circumstances. We make no claims, promises, or warranties about the accuracy of the information provided herein. Everything included herein is our opinion and not a statement of fact.