- Swedish Ministry of Finance proposed a draft bill to implement new VAT rules for small businesses
- The bill includes measures to increase the turnover limit for VAT registration
- Companies established in other EU countries can apply the turnover limit in Sweden
- Small businesses in other EU countries can benefit from an exemption if annual turnover doesn’t exceed 100,000 euros
- Taxable persons exempt from VAT can issue simplified invoices
- Tax certain virtual events and activities in Sweden if the purchaser is located there
- Apply the reduced 12 percent VAT rate to all sales of works of art, repealing the restriction that sales must be made by the author or their estate
- The law would enter into force on Jan. 1, 2025.
Source: news.bloombergtax.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.
Latest Posts in "Sweden"
- Sweden Updates VAT Guidance on Business Asset Transfers Effective September 30
- Sweden Updates VAT Guidance on Asset Transfers in Business Transfers
- Swedish Court Confirms EU VAT Deduction Methods for Mixed Property Companies
- Clarification on Taxable Garage Rentals by Housing Associations Not Linked to Permanent Residences
- Swedish Tax Court Clarifies 6% VAT Rate for Mini-Golf Facilities Meeting Sports Standards
