It has been published on 5 December 2013 that the governments of Japan and Sweden have signed a Protocol amending the current tax treaty between the two countries.

The main amendments are as follows:

・Expansion of the scope of exemption of taxes withheld at source on investment income (dividends, interest and royalties);

・Introduction of provisions for preventing tax avoidance;

・Introduction of the arbitration proceeding in the mutual agreement procedure; and

・Expansion of the scope of assistance in the collection of taxes.