- Swedish companies spend SEK 14 billion (Euro 1.2 billion) annually on VAT administration.
- A preliminary study by Trinovo reveals these costs, which only cover certain VAT regulations, could be even higher.
- The Confederation of Swedish Enterprise supported the study, emphasizing the need to calculate these regulatory costs accurately.
- The study focuses on mixed supplies and estimates the national regulatory cost at SEK 14 billion per year, affecting about one million VAT registered companies.
- The study highlights input VAT assessments as the most time-consuming process, constituting 70% of the total costs.
- Simplifying the VAT legislation is crucial to reduce these burdensome costs and support business growth.
Source
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