VATupdate

When does the state’s claim for a refund of input VAT arise?

When a seller issues a credit note in connection with a public agreement, the buyer must refund the deducted input VAT with the amount that the buyer has previously deducted and which is attributable to the price reduction.

The Swedish Tax Agency considers that the state’s claim for a refund of input VAT towards the buyer arises when the credit note is issued.

Source: skatteverket.se

Sponsors:

Advertisements:

* click here if you have interesting news to share *