Contributed by Tax Partner at Stensvik & Partners AB, Sweden www.stensvikochpartners.se

The Swedish parliament and government has taken measurements to implement COUNCIL DIRECTIVE (EU) 2018/822 of 25 May 2018 (Directive 2018/822/EU) amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements.

The Swedish parliament adopted laws to implement the Directive 2018/822/EU on the 3rd of June 2020. The Swedish government was to decide when the laws would entry into force.

In a Cabinet on the 17th of June 2020 the Swedish government issued a regulation making the adopted laws entry into force from the 1st of July 2020.

The Swedish government set aside the deferring of time limits discussions the Commission published on the 8th of May 2020 in the Proposal for a COUNCIL DIRECTIVE amending Directive 2011/16/EU to address the urgent need for deferring certain time limits for the filing and exchange of information in the field of taxation due to the COVID-19 pandemic. Probably the Swedish government will await a formal amending of Directive 2011/16/EU and Directive 2018/822/EU before changing the time limits for the filing and exchange of information in the issued regulation.

Dated: [bxcode.pagedata.date]