Sweden and the United States signed a Foreign Account Tax Compliance Act (FATCA) Agreement, on August 08, 2014.
Under the agreement, Foreign Financial Institutions (FFIs) in Sweden will report the information required under FATCA about U.S. accounts to the Swedish Government, which in turn will report the information to the IRS. This agreement is reciprocal, meaning that the United States will also provide similar tax information to the Swedish Government regarding individuals and entities from Sweden with accounts in the United States.
