On 8 February 2019, the Swedish Tax Agency released a Newsletter summarizing the latest Automatic Exchange of Information (“AEOI”) events in Sweden.
The newsletter, which is only available in Swedish, once again, explains Lex Asea dividends, which must be submitted based on the Foreign Account Tax Compliance Act (“FATCA”) and the Common Reporting Standard (“CRS”). Further topics include:
- The e-service for submitting FATCA and CRS data is now available. It is recommended to wait until April 2019, with the data submission;
- The new draft of the CRS technical guidances with changes on undocumented accounts, country codes and Controlling persons is now available on the Swedish CRS information webpage (Link-Swedish); and,
- The new draft of the FATCA technical guidances with changes on mandatory topics to report to the Internal Revenue Service in the U.S. (“IRS”), and on the U.S. Tax Identification Number is now available on the Swedish CRS information webpage (Link-Swedish).
The final versions of the technical guidances will be available by March 2019.
Please note that the above information have been received through an email subscription. If you would like to receive the latest news regarding AEOI in Sweden, feel free to send a request to the following email address: email@example.com.