The U.S. IRS has published the competent authority arrangement on the exchange of Country-by-Country (CbC) reports with Sweden. The arrangement was signed 28 September 2017 and is effective from that date.
The arrangement provides that pursuant Article 26 (Exchange of Information) of the 1994 Sweden-U.S. income tax treaty, as amended, each competent authority intends to automatically exchange CbC reports received from each reporting entity resident for tax purposes in its jurisdiction, prov…