Sweden Gazettes Law Enacting New VAT Law

The Swedish Official Gazette April 27 published Law No. SFS 2023:200, enacting a new VAT law to reflect EU Directive 2006/112/EC, on the common system of VAT. The law includes measures: 1) aligning definitions with the directive; 2) specifying that calculation of annual turnover, for purposes of determining if a person is VAT-exempt, is the value of their transactions excluding VAT; 3) limiting the VAT exemption for intra-community acquisitions of products subject to excise duty, to arrangements for which duty is suspended; 4) specifying that the taxable amount when goods are transferred to another EU member country is generally the ...