Sweden applies the so-called “Sunday rule” for DAC6 reporting deadlines

February 03, 2021

Recently, the Swedish Tax Agency has updated guidance on reportable arrangements (DAC6) reporting deadlines. The Tax Agency confirms that the so-called “Sunday rule” applies for DAC6 reporting deadlines. If the reporting deadline falls on a

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Sweden: Parliament approved Budget for 2021

December 22, 2020

On 17 December 2020, the Swedish Parliament (Riksdag) has approved Budget for fiscal year 2021. The Budget includes the following key tax measures: Temporary tax reduction of 3.9% of the acquisition value of machinery and equipment

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Austria signs MAP agreement with Sweden

October 26, 2020

On 16 October 2020, the Finance Ministry of Austria announced that Austria signed an agreement regarding the implementation of agreements concluded on the basis of Article 22 (Mutual Agreement Procedure) with Sweden. The agreement effects from 6

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Sweden: Countermeasures in the tax area against non-cooperating jurisdictions

October 19, 2020

On 13 October 2020, the Swedish Ministry of Finance has issued a press release, where they confirm that a draft bill was submitted to the Parliament to restrict deductions for interest expenses paid to non-cooperative jurisdictions. The

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Sweden: Government submits the Budget Bill for 2021 to the Riksdag

September 28, 2020

On 21 September 2020, the Government has submitted the Budget Bill for 2021 to the Riksdag (the national legislature and the supreme decision-making body of Sweden). The Budget proposes the following key tax measures: Temporary tax

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Sweden proposes to deny deductions for interest expenses regarding debts to EU blacklist countries

September 09, 2020

On 3 September 2020, the Swedish Government has announced to deny deductions for interest expenses regarding debts to EU blacklist countries. The EU's work against tax planning and harmful tax competition has been going on for a long

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DAC6 Updates: Optional deferral of DAC6 reporting deadlines

July 30, 2020

On 24 June 2020, the European Council reached agreement on an optional 6-month postponement to the reporting deadlines for relevant taxpayers under EU Directive 2018/822 (DAC6), and a delay to the exchange of information under

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Sweden: Tax Agency extends deadlines for DAC6 reporting amid COVID-19

June 30, 2020

On 24 June 2020, the Swedish Ministry of Finance published a statement announcing its intension to extend the reporting deadline of EU directive on reporting requirements for certain cross-border transactions (DAC6) due to the outbreak of the

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Sweden: Tax Agency updates guidance on DAC6 reporting

June 24, 2020

On 18 June 2020, the Swedish Tax Agency issued updated guidance on the implementation of an EU Council Directive (EU) 2018/822, on the mandatory automatic exchange of information in relation to reportable cross-border arrangements (DAC6). The

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Sweden: Parliament approved Law implementing DAC6

June 14, 2020

On 4 June 2020, the Swedish parliament has approved Law implementing the Council Directive (EU) 2018/822 (commonly known as DAC6) which introduces disclosure obligations for intermediaries and taxpayers of certain reportable cross-border

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Sweden: Tax agency implements the OECD principles on financial transactions

May 12, 2020

On 24 April 2020, the Swedish tax agency has updated the financial transaction page. In February 2020, the OECD published a new Chapter X of the guidelines on financial transactions. Financial transactions between companies within a group are

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Sweden: Tax measures to mitigate the financial impact on COVID-19 outbreak

March 23, 2020

On 16 March 2020, the Swedish Government presented additional measures to mitigate the financial impact of the COVID-19 outbreak. The crisis package presented, can depending on how the situation develops, encompass more than SEK 300 billion if

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Sweden: Government submits final draft law to implement DAC6 to Parliament

February 10, 2020

On 4 February 2020, the Swedish Government has submitted final draft law on implementation of Council Directive (EU) 2018/822 of 25 May 2018 (DAC6) on reportable cross-border tax planning arrangements (DAC6) to Parliament. The Ministry of Finance

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Sweden publishes draft law to implement DAC6 reporting requirement

December 15, 2019

On 6 December 2019, the Swedish Ministry of Finance has published draft law on implementation of Council Directive (EU) 2018/822 of 25 May 2018 (DAC6) on reportable cross-border tax planning arrangements (DAC6). This includes measures to require

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Amending protocol to the Nordic tax treaty enters into force

December 12, 2019

On 28 November 2019, the amending protocol to the Nordic tax treaty (Denmark, the Faroe Islands, Finland, Iceland, Norway, and Sweden) was entered into force in respect of Norway and applies from 1 January

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Sweden: Tax Agency issues guidance on DAC6 reporting

November 28, 2019

On 25 October 2019, the Swedish Tax Agency issued a guidance on the implementation of an EU Council Directive on the mandatory automatic exchange of information in relation to reportable cross-border arrangements (DAC6). The guidance includes the

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Sweden: Government submits the Budget for 2020

September 22, 2019

On 18 September 2019, the budget for 2020 was submitted to the Parliament by the Swedish Government. The draft budget provides for the following tax reform: -The most important reform is the abolition of the austerity measures introduced in 1995

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Sweden transposes EU Directive on Dispute Resolution

July 10, 2019

On 19 June 2019, a law proposal that implements the EU Tax Dispute Resolution Directive (2017/1852) was presented to the parliament to be transposed into Swedish legislation. If passed, the law will enter into force on November 1,

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