Sweden, Jamaica sign updated TIEA
Sweden and Jamaica have announced an update to their existing taxation treaty, which addresses double taxation issues and tax avoidance.
The amended 1985 treaty is intended to increase levels of cooperation between the two countries’ fiscal authorities, particularly around issues of avoidance of income tax.
The Swedish government said the updated agreement followed work carried out by the Nordic Council, in regards to jurisdictions that have worked with the OECD to increase transparency and establish greater levels of tax information exchanges.
The treaty amendments must be approved by Sweden’s Parliament to take effect.