Sweden MOF Seeks Comments on Memorandum to Change VAT Rules on Transfers of Investment Goods

The Swedish Ministry of Finance Jan. 26 opened a consultation on Memorandum No. Fi2023/00434, to change VAT rules related to input tax and the transfer of investment goods. The changes are proposed in light of a European Court of Justice (ECJ) ruling that Swedish rules on rights and obligations related to equalization in transfers of real estate outside a business transfer, are contrary to an EU VAT directive. The memorandum explains measures which: 1) require that input deductions made when property is sold outside of a business transfer be adjusted once, and that the adjustment relate to the remaining correction ...