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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.
Contact:
Maria Caneman, head of Investor Relations, tel: +46 72 238 32 10, e-mail: maria.caneman@swedbank.se
Love Liman Jacobsson, press officer, tel: +46 72 233 92 32, e-mail: love.liman.jacobsson@swedbank.se