Interchange fees in Sweden fall within the scope of VAT

According to a recent Swedish Supreme Administrative Court judgment, any amount transferred between a card issuer and a network operator for consideration qualifies as a supply of services and therefore interchange fees should no longer be considered out-of-scope for VAT purposes. The Swedish Tax Agency has not commented on whether these transactions qualify as taxable or VAT exempt services, but has stated that such supplies will be assessed based on its general guidance on VAT for payment services.

Source: WTS

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