Sweden's Ministry of Finance has submitted the draft law proposal to implement the disclosure requirements of Council Directive (EU) 2018/822 of 25 May 2018, otherwise known as DAC6. This includes disclosure requirements for potentially aggressive cross-border tax-planning arrangements that primarily applies to advisers that design, market, organize, or manage the implementation of a reportable cross-border arrangement. Taxpayers are also required to disclosure reportable arrangements in certain cases, such as when an arrangement is designed in-house, or an adviser is unable to report.
As compared to the draft consulted on earlier in 2019, the latest draft law proposal is limited to implementing the Directive for cross-border arrangements and does not apply to domestic arrangements. However, the government is still considering whether domestic arrangements should be covered.
The disclosure requirements are to enter into force on 1 July 2020, with information on earlier arrangements to be reported by 31 August 2020 where the first step of an arrangement was taken between 25 June 2018 and 30 June 2020.
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