- Economic activity involves continuous sales of goods or services
- Selling private assets is usually considered a private activity
- A recent court case determined that horse racing competitions can be considered economic activities
- The company in question had been involved in horse racing since 1995 and generated income from race entry fees
- The court ruling contradicted the Swedish Tax Agency’s previous stance on the matter
- The Tax Agency will review its position in light of the court ruling
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.
Latest Posts in "Sweden"
- 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
- Supreme Administrative Court Judgment on Input Tax Deduction
