The Swedish Tax Agency on 8 November 2017, has published a clarification (No. 202 439672-17/111) on any pension funds derived by life insurance companies, foreign occupational retirement institutions and pension funds pay are to be regarded as income tax at country-by-country reporting. Such taxation should therefore be included in the reporting of paid income tax and the accumulated income tax for the year.
For such companies, income tax is calculated on a flat-rate estimate and the activities taxed in this way are exempted from taxation under the Income Tax Act. If such companies are included in a country-by-country report, information about profit or loss before income tax shall be given in the same way as for companies taxed with income tax under the Income Tax Act. The data is retrieved from the accounts and is not linked to the basis for the return tax.
