Sweden Provides Guidance on Application of Common Understanding on GloBE Information Return Filing Relief

The Swedish Tax Agency has updated its general guidance on Global Minimum Tax (Additional Tax) obligations to include information on the common understanding to waive penalties and not enforce local GloBE Information Return (GIR) filing obligations, which was released by the OECD on 18 May 2026. The update explains that, under certain conditions, the Swedish Tax Agency will waive the requirement for an automatic exchange of information agreement to be in effect for GIRs due by 30 June 2026.…