|Update:||Compliance Alert - Increase in VAT exemption and registration threshold amounts|
The Swedish Government has passed a new law exempting certain taxpayers from VAT on goods and services by increasing the threshold amount.
Beginning 1 July 2022, the exemption from VAT registration and VAT on the sale of goods and services apply if the taxpayer’s revenue:
- Is not estimated to exceed SEK 80 000 (ca. EUR 8000) during the tax year
- Has not exceeded SEK 80 000 in any of the two previous tax years
Read the full announcement from the Swedish Parliament here.