- 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.
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