- The Swedish government is taking steps to improve the business climate by raising the turnover threshold for VAT reporting
- The turnover threshold for VAT reporting will be raised from 80,000 SEK to 120,000 SEK
- This change will reduce the number of businesses required to report VAT
- The government aims to facilitate business growth and reduce administrative burden
- The proposed changes will also allow Swedish businesses to apply the turnover threshold in other EU countries
- The new regulations are expected to come into effect on January 1, 2025
Source: regeringen.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.
