Sweden, Nov. 18 -- According to decisions by the Swedish Tax Agency, Swedbank has paid too much VAT for the years 2019, 2020, 2022 and 2023. The Swedish Tax Agency therefore reimburses a total of SEK 837 million to Swedbank, which reduces Swedbank's costs by the same amount in the fourth quarter of 2025.The Swedish Tax Agency has approved a new method for calculating deductible VAT. Swedbank earlier this year received similar VAT refunds for 2016-2018 and has also communicated that the bank had applied for a refund for 2019-2023. Swedbank is thereby awaiting a decision regarding 2021.
Published by HT Digital Content Services with permission from Pivotal Sources....