Sweden’s Parliament to consider tax agreement with Switzerland

Sweden’s Ministry of Finance has passed on an agreement on exchanging tax information with Switzerland for approval by Sweden’s Parliament.

The agreement was signed in February 2011 by minister for Finance Anders Borg and Switzerland’s ambassador Kurt Hoechner, and proposes to make it possible for the Swedish Tax Agency (Skatteverket) to demand information from banks in Switzerland.

The agreed rule changes would be partly retroactive, and gives Sweden the right to tax Swedish pensions paid to those living in Switzerland, as well as tax capital gains made by Swiss residents who were previously resident in Sweden.

In its document delivered to Parliament today, the Ministry of Finance also proposes that changes be made to the double taxation treaty between Sweden and Switzerland.



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