On 29 April 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, states that Sweden started to receive Foreign Account Tax Compliance Act (“FATCA”) and Common Reporting Standard (“CRS”) reporting files. Some of the received information is not accurate. To make sure that future files will not contains such errors, the Swedish Tax Agency would like to remind users of the following assistance documents:
- 2019 Technical Guidance for FATCA (Link-Swedish) with changes marked in grey and yellow
- 2019 Technical Guidance for CRS (Link-Swedish) with changes marked in grey and yellow
The newsletter also contains a list of the most common inaccuracies made in the received reports. One should pay close attention to the reporting of the U.S. Tax Identification Numbers (Nine “A” instead of nine “0”) and to the general question of whether the account must be reported under FATCA and CRS. Information on which accounts must be reported can be found on the Swedish Government website (Link-Swedish)
Please note that the above information have been received through an email subscription. To receive the latest news regarding AEOI in Sweden, feel free to send a request to the following email address: firstname.lastname@example.org.