Swedish Court Confirms that Participation Exemption not Available in Relation to Legal Entities Resident in No Tax Jurisdictions

The Swedish Tax Agency (Skatteverket) has published updated guidance on the treatment of shares in foreign legal entities in relation to the participation exemption, which includes the condition that the foreign legal entity must be similar to a Swedish limited liability company (Aktiebolag - AB). The update concerns a recent decision of the Supreme Administrative Court on whether a company li…
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