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Draft Bill Submitted in Swedish Parliament for Deduction Restriction on Interest Payments to Non-Cooperative Jurisdictions

|Proposed Changes|Sweden
Sweden

A draft bill was submitted in the Swedish parliament on 13 October 2020 that provides for the introduction of the government's proposal to restrict the deduction of interest paid to non-cooperative jurisdictions. As previously reported, the deduction restriction would apply for interest paid to jurisdictions included in the EU list of non-cooperative jurisdictions with effect from 1 January 2021, including payment to both related and non-related parties in listed jurisdictions. The draft bi…

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