- The Swedish Tax Agency has issued a statement clarifying the division of input VAT.
- An acquisition or import must be associated with an outgoing transaction that does or doesn’t entail a right to deduct input VAT.
- It is possible to use the input VAT in a way that not all of it is deducted, under certain circumstances.
- The Tax Agency’s position is that the entire annual turnover must be included in the computation when apportioning input tax according to the main rule in EU Directive 2006/112/EC.
- The directive cannot be applied if input tax is associated with acquisitions that are partially for private use or a non-economic activity.
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.
