Sweden Adopts New VAT Law to Align with EU Directive: Key Measures and Implications

• Sweden has adopted a new VAT law to align with the EU Directive 2006/112/EC.
• The new legislation includes measures such as aligning definitions with the EU directive and excluding transactions without VAT from annual turnover calculations.
• The VAT exemption for intra-community acquisitions of products subject to excise duty is limited to cases where the duty is suspended.
• The taxable amount for transfers to another EU member country is generally the purchase price.
• Invoices must be issued for payments made before the execution of an intra-community supply of taxable goods.
• Clarity is provided on the exchange rate to be used when the taxable amount is in a currency other than the currency of the EU member country.

Source: globalvatcompliance.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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