- The Supreme Administrative Court has ruled that a VAT-registered company competing with horses can be denied deduction for input tax
- The decision to register the company for VAT was based on the perceived legal situation at the time regarding prize money in horse racing
- The court found that the legal situation regarding prize money has been clarified through later practice, and the company could not expect the tax authority to still consider its activities as economic
- The case has been referred back to the administrative court to determine if the company should be denied deduction on the grounds that its activities do not constitute economic activity
Source: www4.skatteverket.se
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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