On 14 November 2018, the Swedish parliament reportedly approved the legislative proposal to amend the country's controlled foreign company (CFC) rules to comply with the EU Anti-Tax Avoidance Directive (ATAD1). In general, Sweden's CFC rules are already compliant with the ATAD and the primary rules are maintained, including the 25% CFC ownership threshold and the low-tax threshold of 55% of the Swedish rate. However, certain changes were needed, which include:
The amended CFC rules enter into force on 1 January 2019 and apply to tax years beginning after 31 December 2018.
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