Sweden: Ratification of TIEAs with Grenada and Macau
Sweden has ratified its TIEAs with Grenada and Macau on November 5,
See MoreSweden: Supreme Administrative Court confirms the tax treatment of carried interest by private equity companies as capital gains
The Supreme Administrative Court has confirmed the tax treatment of carried interest by private equity companies as capital gains rather than income in a ruling from the Administrative Court of Appeal. Swedish tax agency filed an appeal claiming
See MoreSweden: Tax hikes in proposed budget for 2015
Finance Minister of Sweden, Magdalena Andersson presented the 2015 budget on October 23, 2014 with the increase of taxes on the personal income tax, alcohol and tobacco. The Government of Sweden has also declared to increase personal income tax on
See MoreJapan-Sweden Income Tax Protocol enters into force
Japan-Sweden Income Tax Protocol which was signed on 5 December 2013 has entered into force on 12 October 2014. The Protocol will have the following tax effect: With respect to taxes withheld at source, for amounts paid or credited on or after 1
See MoreGovernment of Sweden cuts growth forecast and promised to raise more taxes if re-elected
The economy of Sweden contracted slightly in the first quarter and barely grew in the April-June period as its key export sector was hurt by sluggish overseas demand, particularly in Europe. Borg cut his forecast for growth this year to 1.9 percent
See MoreHong Kong signed exchange of information agreement with Sweden
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China and the Government of the Kingdom of Sweden signed an agreement regarding exchange of information relating to tax matters on 22 August 2014. Under the
See MoreFATCA agreement between US and Sweden signed
Sweden and the United States signed a Foreign Account Tax Compliance Act (FATCA) Agreement, on August 08, 2014. Under the agreement, Foreign Financial Institutions (FFIs) in Sweden will report the information required under FATCA about U.S. accounts
See MoreSweden: Tax reform recommendations relating to financing activities of corporate taxpayers
The committee for the recommendations on corporate tax reform to the Swedish government has issued its third and last report regarding financing activities of corporate taxpayers. The committee proposes a new system for corporate taxation, in two
See MoreSweden – Intergovernmental agreement under FATCA
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
See MoreSweden to Investigate Tax Incentives for SMEs
Sweden is looking at the tax treatment of entrepreneurs, start ups and small businesses with a view to improving the competitiveness of the country’s business and increasing employment. An investigation has been launched to consider the changes
See MoreSaudi Arabian Cabinet authorizes DTA with Sweden and Egypt
On 10 February 2014, the Saudi Arabia Finance Minister was authorized to sign draft double taxation agreements with Egypt and
See MoreSweden: Protocol to DTA with Japan signed
The Policy Research Institute of Japan's Finance Ministry confirmed on December 5, 2013 that the governments of Japan and Sweden have signed a Protocol amending the current tax treaty. The main changes are: expansion of the scope of exemption of
See MoreSweden: Social security contributions for employees in R&D has been reduced
A Legislation passed by the Swedish Riksdag which will enable companies with personnel working with research or development (R&D) to reduce their employer social security costs. A potential savings in employer social security costs of
See MoreSweden has signed Double Taxation Avoidance Agreement with Georgia
Georgia and Sweden signed an agreement on 6 November 2013, on avoidance of double taxation and the prevention of tax evasion. Georgia’s Finance Minister and the Swedish Ambassador signed the documents. Georgia’s Finance Minister admitted that
See MoreJapan: Amendments of Tax Treaty Protocol with Sweden has been Signed
It has been published on 5 December 2013 that the governments of Japan and Sweden have signed a Protocol amending the current tax treaty between the two countries. The main amendments are as follows: ・Expansion of the scope of exemption of taxes
See MoreSweden –tax audits require due process
In a recent ruling, the Administrative Court in Stockholm held that it was the duty of Swedish tax agency to communicate documents to the taxpayer in a case relating to the taxation of carried interest. The due procedures had not been followed by
See MoreSweden: tax proposals in 2013 spring budget
The government of Sweden submitted to Parliament a budget bill on 15 April 2013 that proposes domestic tax changes. The measures include improving incentives to work, strengthening the income tax credit further and increasing the lower threshold for
See MoreSweden: Record number of taxpayers filing electronically
Online individual tax returns filing, or by text message or phone is available in Sweden. This offers advantages for taxpayers such as earlier receipt of tax refunds due, and helps the tax administration by reducing compliance costs. The Swedish tax
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