Sweden's Ministry of Finance Proposes Measures to Counter Tax Evasion through VAT Fraud in Cross-Border EU Trade

Sweden's Ministry of Finance has announced a draft bill containing a proposed package of measures to counter tax evasion through VAT fraud in cross-border EU trade by strengthening the Swedish Tax Agency’s ability to control access to the VAT system. The proposed measures would give the tax authority broader powers to scrutinize VAT registrations, refuse or deregister applicants who present fraud risks, and mark VAT numbers as invalid in the EU’s VIES database. It would also allow the tax au…