- Sweden proposes amendments to the VAT Act to align with the EU VAT Directive.
- The turnover-based method will become the standard for allocating input VAT in mixed activities.
- Alternative allocation methods will be allowed only if they provide more accurate results.
- The changes are set to take effect on January 1, 2027.
Source: kpmg.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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