- Swedish Tax Court issued Advance Notice clarifying VAT on auction fees for selling pledged goods on pawnbroker loans
- Taxpayer auctioned pledged goods on defaulted loans and charged fees when sale amount exceeded debt
- Taxpayer sought clarification on whether auction fee was subject to VAT or exempt as banking and financial service
- Tax Court clarified that auction fee was non-exempt compensation for VAT-taxable service
- Sales commission served as compensation for lender’s services in organizing and executing sale
- Organizing auction sale was independent of credit service provided
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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