Sweden: Refunds of withholding tax on dividends to be paid with interest - calculation amendment

01.07.2016

Following our Taxflash T15006, dated 3 February 2015, we wish to inform you that the Supreme Administrative Court has changed the judgements regarding the calculation of the interest. In a judgement on 23 June 2016, the Court ruled that the interest shall be calculated from the date following the day when the tax was withheld by the withholding agent until the day it was repaid.
According to the Swedish Tax Authorities, they are already applying the interest calculation determined by the court starting from 24 June 2016.

We continue to monitor the Swedish market and will provide further information as it becomes available.

This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.