Sweden: Dividend withholding tax for investment funds abolished - update
Reference
| 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. |
Further to our Announcements1 regarding the abolition, by the Swedish government, of dividend withholding tax for Swedish and certain foreign investment funds, we hereby provide this latest information.
Our local depository is currently in contact with the Swedish Tax Authorities in order to finalise the operational details of the procedure required for the implementation of the abolition, which is expected to be on the 1 January 2012.
As stated, the abolition will affect dividend withholding tax for Swedish investment funds and certain foreign investment funds qualifying as “funds-undertakings” domiciled in the European Economic Area (EEA) or in a country with which Sweden has entered into a double taxation agreement that contains an exchange of information clause.
We continue, with our local depository, to monitor the situation with regard to the implementation of this abolition and will provide further information as it becomes available.
1. A11096, dated 8 July 2011, and A11120, dated 31 August 2011.