CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Sweden Begins Consultation On Anti-Hybrid Rules

Sweden Begins Consultation On Anti-Hybrid Rules

by Ulrika Lomas, Tax-News.com, Brussels

27 September 2019


On September 20, 2019, the Swedish Ministry of Finance commenced a consultation on proposals to tackle hybrid mismatch arrangements.

The proposals would implement the second European Union Anti-Tax Avoidance Directive (ATAD 2), which is designed to prevent multinationals from accessing unfair advantages by using hybrid mismatch arrangements to exploit differences in the tax treatment of an entity or financial instrument under the income tax laws of two or more countries.

ATAD 2 addresses hybrid mismatches with regard to non-EU countries, given that intra-EU disparities are already covered by the first ATAD, adopted in July 2016.

Member states are required to transpose ATAD 2 into national law and regulations by December 31, 2019. However, it is proposed that the Swedish provisions will enter into force on January 1, 2021.

Additionally, the Swedish measures include supplementary proposals regarding reverse hybrid arrangements, which member states are required to implement from 2022.

The consultation is restricted to a specific list of governmental and private sector organisations, and submissions must be made by December 19, 2019.

TAGS: Finance | tax | tax avoidance | law | multinationals | transfer pricing | Sweden | regulation | Europe | Tax | BEPS

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »