The Swedish tax agency has updated their tax returns and reporting guidance on country-by-country (CbC) reporting requirements on 19 October 2017. The update provides some additional clarifications based on questions that have been received by the Swedish Tax Agency.
The update also outlines that if the reason for reporting is lack of a CbC exchange agreement, the lack of agreement by itself is not sufficient for the local filing requirement to apply. Therefore following two conditions must be met:
- the foreign parent’s jurisdiction must have an international (exchange) agreement with Sweden which allows for the exchange of information; and
- despite having an international agreement, there is no CbC exchange agreement.
