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Sweden Clarifies Foreign Transaction Reporting Obligations

|Approved Changes|Sweden
Sweden

The Swedish Tax Agency (Skatteverket) has published updated guidance to clarify the obligation to report foreign transactions. In general, both inbound and outbound foreign transactions exceeding SEK 150,000 (~USD 17,000) in a calendar year must be reported. This applies for transactions involving both individuals and companies, and the information collected is often used in tax audits. The up…

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