- Sweden proposes using turnover as the main basis for VAT deduction allocation in businesses with both taxable and exempt activities.
- Alternative allocation methods would be allowed if they better reflect actual use in taxable transactions.
- Safeguards against abuse in related-party transactions would be established.
- The proposal is open for public feedback.
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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