- The Supreme Administrative Court has ruled that a VAT-registered company competing with horses can be denied deduction for input tax
- The decision to register the company for VAT was based on the perceived legal situation at the time regarding prize money in horse racing
- The court found that the legal situation regarding prize money has been clarified through later practice, and the company could not expect the tax authority to still consider its activities as economic
- The case has been referred back to the administrative court to determine if the company should be denied deduction on the grounds that its activities do not constitute economic activity
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.
Latest Posts in "Sweden"
- Sweden to reduce the VAT rate on foodstuffs from 12% to 6% as of 1 April 2026
- Sweden’s Food VAT Cut: Opportunities and Challenges for Retailers and Consumers in 2026
- Sweden Reduces Food VAT to 6% Amid Inflation and Growth Concerns, Effective April 2026
- Sweden to Halve Food VAT in Election-Year Budget to Boost Economy and Support Households
- Impact of Swedish VAT Act Changes on TOGC Exemption for VAT-Exempt and Mixed Businesses
