Sweden – Budget for 2017 presented to parliament – details

The Budget for 2017 was presented to the parliament on 20 September 2016. Details of the Budget, related to indirect taxation, which, unless otherwise indicated, will apply from 1 January 2017, are summarized below.

  • The VAT rate for small repairs on bikes, shoes, leather ware, clothes and home textiles will be reduced to 12% (currently 25%).
  • The deductibility of input VAT on expenses relating to lunch, dinner, dinner parties or other refreshments will be limited to a maximum of SEK 300 per person per event.
  • Small entrepreneurs making taxable supplies not exceeding SEK 30,000 per fiscal year do not need to register as taxable persons for VAT purposes, but may opt to do so.

Source: ibfd.org

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