Recently, the Swedish Tax Agency published a Guidance (No. 202 466593-17/111) provides that dividends and capital gains on unlisted shares in a foreign legal person are taxed at a reduced rate only if the taxpayer is a tax resident. Special rules also apply to the taxation of certain shares and interests in Swedish companies and foreign legal entities not listed on the stock exchange. For shares held by a natural person or inherited, a reduced 25% tax on capital gains and dividends applies.