- The Swedish Tax Agency issued a statement clarifying input VAT breakdown for mixed activities.
- Input tax division must be based on reasonable grounds and reflect actual resource consumption.
- Taxable persons may choose to use the VAT Directive’s annual turnover method instead of the VAT Act’s method for apportionment.
- The VAT Directive can be applied if an acquisition is partially subject to deduction limitations and is used for both taxable and non-taxable activities.
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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