The bill concerns the exchange of information on crypto-assets, where the requirements of DAC8 are implemented together with CARF as a single unit.
Sweden has published draft legislation through its Ministry of Finance to align with Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8).
The bill concerns the exchange of information on crypto-assets, where the requirements of DAC8 are implemented together with CARF as a single unit. This includes proposals for the introduction of two new laws: the Act on the Collection of Certain Tax Information on Crypto-Assets and the Act on the Automatic Exchange of Information on Crypto-Assets, as well as two new chapters, 22d and 49f, in the Tax Procedures Act regarding reporting obligations and a new special fee.
The amendments made to CRS aim partly to streamline the existing exchange of information and close certain gaps in the framework that have become apparent after six years of experience with information exchange, and partly to align the automatic exchange of financial account information with the new exchange of information on crypto-assets.
These amendments to CRS have also been incorporated into the directive on administrative cooperation in taxation through DAC8. This means that legislative amendments are required, including to the Act on the Identification of Reportable Accounts for the Purpose of the Automatic Exchange of Financial Account Information and to Chapter 22b of the Tax Procedures Act.
DAC8 also introduces certain additional amendments. Among other things, the requirements are tightened regarding the circumstances in which a foreign tax identification number must be reported and exchanged with other Member States. Provisions are also introduced on the exchange of information on advance rulings concerning individuals, particularly where the financial scope of the ruling exceeds EUR 1.5 million. This bill proposes provisions to implement these rules.
The provisions are proposed to enter into force on 1 January 2026.
