The US and Sweden have reached substantial agreement on the content of an intergovernmental agreement (IGA) in relation to the US FATCA regulations. The aim of such agreements is to allow the relevant information required by FATCA to be exchange between the two countries. The agreement is required as the FATCA legislation takes effect on 1 July 2014 and from that date information will be required on accounts held by US citizens at foreign financial institutions.
Related Posts
Cyprus: Council of Ministers approves signing of amending protocol to tax treaty with Sweden
April 30, 2026
The Council of Ministers of Cyprus approved, on 24 April 2026, the signing of a protocol to amend the existing income tax treaty with Sweden. The decision, published in the Official Gazette on the same date, authorises amendments to the 1988
Read More
US, Croatia sign protocol to amend income tax treaty
April 29, 2026
The US and Croatia have signed an amending protocol to their pending income tax treaty, bringing the agreement closer to ratification. The protocol was signed on 28 April 2026 during the Three Seas Initiative Summit in Dubrovnik by US Ambassador to
Read More
US: IRS announces new option for certain taxpayers to request more time after ERC claim disallowance
April 28, 2026
The US Internal Revenue Service (IRS) announced on 27 April 2026 a new, streamlined way for taxpayers to extend the period of time for the IRS and the IRS Independent Office of Appeals to review a taxpayer’s response to a disallowance of an
Read MoreUS: Trump Administration to raise digital tax issue with King Charles during state visit
April 28, 2026
The US President Donald Trump has revealed that he will address several pressing bilateral issues with King Charles during the British monarch's upcoming state visit to Washington, including the UK's digital services tax. Speaking to Reuters on
Read More
US: Taxpayer Advocacy Panel issues 2025 annual report highlighting taxpayer-focused recommendations to improve tax administration
April 27, 2026
The US IRS has announced that the Taxpayer Advocacy Panel has released its 2025 Annual Report on 24 April 2026, highlighting accomplishments and ongoing efforts to strengthen Internal Revenue Service delivery, improve communications with taxpayers,
Read More
Sweden: Parliament approves temporary fuel tax cuts, household energy subsidies for 2026
April 27, 2026
The Swedish parliament (Riksdag) has adopted a draft bill proposing a temporary reduction in tax on petrol and diesel, aimed at offsetting rising fuel prices linked to the ongoing conflict in the Middle East. The measure forms part of an additional
Read More