Sweden Gazettes Law Amending VAT Exemption Rules

The Swedish Official Gazette May 17 published Law No. SFS 2022:404, amending the VAT exemption rules. The law includes measures: 1) providing a VAT exemption on the sale of goods and services within the country, if the turnover is estimated not to exceed 80,000 Swedish kronor (US$8,070) during a tax year, and didn’t exceed 80,000 kronor for either of the two immediately preceding tax years; 2) adjusting the threshold amount if the tax year was longer or shorter than 12 months; and 3) requiring taxpayers to register with the tax agency and to pay VAT on any amount exceeding the ...