- The Swedish Ministry of Finance issued a memorandum on proposed VAT Act amendments.
- The proposal suggests reducing the VAT rate on food and bottled water from 12 percent to 6 percent.
- The reduction applies from April 1, 2026, to December 31, 2027.
- Spirits, wine, strong beer, and certain drinking water are excluded from the reduction.
- The changes apply to taxable transactions occurring after the amendments take effect.
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.
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