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Economy and Banking Sector of Sweden

Withholding Tax

Withholding taxes are imposed at source of income and are often applied to dividends, interest, royalties, rent and similar payments. The rates of withholding tax are often reduced by double taxation agreements.

Withholding Tax Rates in Sweden: 0.0 - 30.0%

Withholding tax rates applied on payments of interest and dividends in Sweden are shown in Table 1.

Dividends Interest
Natural Persons (residents) 30.0 %30.0 %
Natural Persons (non-residents) 30.0 %0.0 %
Table 1. Withholding tax rates in Sweden.

Double Taxation Agreements

Double Taxation Agreement (DTA) is an agreement between two or more countries for the avoidance of double taxation.

DTAs of Sweden: 77 Signed Agreements

Sweden signed DTAs which already came info force with the following jurisdictions:

AL Albania
AG Antigua and Barbuda
AR Argentina
AU Australia
AT Austria
AZ Azerbaijan
BD Bangladesh
BB Barbados
BY Belarus
BE Belgium
BO Bolivia
BA Bosnia and Herzegovina
BW Botswana
BR Brazil
BG Bulgaria
CA Canada
CL Chile
CN China
HR Croatia
CY Cyprus
CZ Czech Republic
EG Egypt
EE Estonia
FR France
GM Gambia
DE Germany
GR Greece
HU Hungary
IN India
ID Indonesia
IE Ireland
IL Israel
IT Italy
JM Jamaica
JP Japan
KZ Kazakhstan
KE Kenya
KR Korea, Republic of
LV Latvia
LT Lithuania
LU Luxembourg
MK Macedonia
MY Malaysia
MT Malta
MU Mauritius
MX Mexico
ME Montenegro
NA Namibia
NL Netherlands
NZ New Zealand
PK Pakistan
PH Philippines
PL Poland
PT Portugal
RO Romania
RU Russian Federation
RS Serbia
SG Singapore
SK Slovakia
SI Slovenia
ZA South Africa
ES Spain
LK Sri Lanka
CH Switzerland
TZ Tanzania, United Republic of
TH Thailand
TT Trinidad and Tobago
TN Tunisia
TR Turkey
UA Ukraine
GB United Kingdom
US United States
VE Venezuela
VN Vietnam
ZM Zambia
ZW Zimbabwe

There are also several agreements between Sweden and other jurisdictions which were signed but haven't yet come into force:

NG Nigeria

Information Exchange

There are 3 ways for jusrisdictions to exchange information on tax matters:

  • spontaneously;
  • on request;
  • automatically.

Spontaneous exchange of information is provision of information that is forseeably relevant to another party without a request being previously sent.

Tax Information Exchange Agreements (TIEAs) enable exchange of information on request relating to a specific tax investigation, either criminal or civil.

Automatic information exchange allows jurisdictions to exchange information automatically, without having a specific tax investigation.

Exchange on Request: 46 Signed Agreements

Sweden signed TIEAs which already came info force with the following jurisdictions :

AD Andorra
AI Anguilla
AG Antigua and Barbuda
AW Aruba
BS Bahamas
BM Bermuda
VG British Virgin Islands
KY Cayman Islands
CK Cook Islands
CW Curacao
DK Denmark
FO Faroe Islands
FI Finland
GI Gibraltar
GL Greenland
GG Guernsey
IS Iceland
IM Isle of Man
JE Jersey
LR Liberia
LI Liechtenstein
MC Monaco
NO Norway
PA Panama
KN Saint Kitts and Nevis
LC Saint Lucia
VC Saint Vincent and The Grenadines
WS Samoa
SM San Marino
SX Sint Maarten (Dutch part)
TC Turks and Caicos Islands

There are also several agreements between Sweden and other jurisdictions which was signed but haven't yet come into force:

BH Bahrain
BZ Belize
BN Brunei Darussalam
CR Costa Rica
DM Dominica
GD Grenada
GT Guatemala
MO Macau
MH Marshall Islands
MS Montserrat
NU Niue
QA Qatar
SC Seychelles
UY Uruguay
VU Vanuatu

Automatic Exchange: Starts in September 2017

Sweden signed the automatic information exchange agreement on 29 October 2014 and committed to start the automatic information exchange in September 2017.

Automatic Excnange: 56 Bilateral Agreements to Receive Information

Sweden has signed bilateral agreements with 56 jurisdictions to automatically receive information:

AD Andorra
AR Argentina
AU Australia
AT Austria
BE Belgium
BR Brazil
BG Bulgaria
CA Canada
CN China
CO Colombia
HR Croatia
CY Cyprus
CZ Czech Republic
DK Denmark
EE Estonia
FO Faroe Islands
FI Finland
FR France
DE Germany
GI Gibraltar
GR Greece
GL Greenland
GG Guernsey
HU Hungary
IS Iceland
IN India
IE Ireland
IM Isle of Man
IT Italy
JP Japan
JE Jersey
KR Korea, Republic of
LV Latvia
LI Liechtenstein
LT Lithuania
LU Luxembourg
MY Malaysia
MT Malta
MU Mauritius
MX Mexico
MC Monaco
NL Netherlands
NZ New Zealand
NO Norway
PL Poland
PT Portugal
RO Romania
SM San Marino
SC Seychelles
SK Slovakia
SI Slovenia
ZA South Africa
ES Spain
CH Switzerland
GB United Kingdom
UY Uruguay

Automatic Excnange: 68 Bilateral Agreements to Send Information

Sweden has signed bilateral agreements with 68 jurisdictions to automatically send information:

AD Andorra
AI Anguilla
AR Argentina
AU Australia
AT Austria
BE Belgium
BZ Belize
BM Bermuda
BR Brazil
VG British Virgin Islands
BG Bulgaria
CA Canada
KY Cayman Islands
CN China
CO Colombia
CR Costa Rica
HR Croatia
CY Cyprus
CZ Czech Republic
DK Denmark
EE Estonia
FO Faroe Islands
FI Finland
FR France
DE Germany
GI Gibraltar
GR Greece
GL Greenland
GG Guernsey
HU Hungary
IS Iceland
IN India
ID Indonesia
IE Ireland
IM Isle of Man
IT Italy
JP Japan
JE Jersey
KR Korea, Republic of
LV Latvia
LI Liechtenstein
LT Lithuania
LU Luxembourg
MY Malaysia
MT Malta
MU Mauritius
MX Mexico
MC Monaco
MS Montserrat
NL Netherlands
NZ New Zealand
NO Norway
PL Poland
PT Portugal
RO Romania
LC Saint Lucia
VC Saint Vincent and The Grenadines
WS Samoa
SM San Marino
SC Seychelles
SK Slovakia
SI Slovenia
ZA South Africa
ES Spain
CH Switzerland
TC Turks and Caicos Islands
GB United Kingdom
UY Uruguay

Further Information

FATCA

Foreign Account Tax Compliance Act (FATCA) which became law in the United States in March 2010, focuses on reporting made by foreign financial institutions about financial accounts held by US taxpayers or foreign entities in which US taxpayers hold a substantial ownership interest. The FATCA-reporting is facilitated by Intergovernmental Agreements (IGAs).

FATCA Status in Sweden
IGA in effect since 08 August 2014, Model 1

Sweden has FATCA agreement with the U.S. in effect since 08 August 2014 (Intergovernmental Agreement Model 1). Financial institutions operating in Sweden are required to identify U.S. taxpayers by January 1, 2017 and to report the information for 2017 and the subsequent years. The agreement is reciprocal: Swedish financial accounts hold in U.S. financial institutions will be reported to Swedish authorities.

Further Information