Sweden Outlines Digital Shift in Dividend Withholding Reporting

Sweden is proposing to allow digital reporting of withholding tax on dividend payouts to non‑residents, along with sharpened tax controls to better target non‑compliance.

Giving companies the choice of reporting electronically or on paper aims to make compliance easier and reduce the risk of errors, according to the Swedish Finance Ministry’s press release issued Thursday.

At the same time, the Swedish Tax Agency would gain new powers to collect information to better verify withholding data without needing to initiate a formal audit.

“The purpose of the proposals is to reduce the regulatory burden that results from the fact ...