On 29 April 2016, the Swedish tax authority (Skatteverket) submitted draft proposals to the Ministry of Finance for the implementation of Country-by-Country (CbC) reporting, and Master and Local file requirements based on the guidelines developed as part of Action 13 of the OECD BEPS Project.
CbC Reporting
The proposed CbC reporting requirements will apply for fiscal years beginning on or after 1 January 2016 for MNE groups with consolidated revenue exceeding SEK 7 billion (~EU…