- The Swedish Tax Agency updated their position on September 23, 2025 regarding electricity deliveries that result in successive settlements or payments
- Article 64.1 of the VAT directive about when taxable events occur can be applied with direct effect for successive settlements, and electricity producers using this must consider both positive and negative electricity prices when determining the tax base
- Electricity producers only applying national tax rules should only consider positive electricity prices during the period when determining the tax base
- Only electricity deliveries at positive prices should be included in tax base calculations since VAT only applies to deliveries made for consideration or equivalent compensation
- Electricity deliveries at negative prices are made without consideration and therefore should not be taxed, nor can they be subject to deemed supply taxation
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.
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