- Sweden has implemented a new and improved VAT act as of July 1, 2023.
- The new act is designed to be more modern and easy to understand and apply in today’s business environment.
- The focus of the new act is on modernization, compliance with the EU VAT Directive, and expanded VAT exemptions.
- One of the changes concerns exemptions from VAT on internal services within associations and organizations.
- The change in the new law revises the ‘competition requirement’ to better comply with the EU VAT directive.
- The amendment aims to broaden the scope of VAT exemption for associations and organizations with restricted VAT deduction rights.
- VAT IT offers a centralized solution to manage VAT needs and keep up with changes in the VAT landscape.
Source: blog.vatit.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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