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Sweden Tax Agency Clarifies Reverse Credit Rule Concerning Foreign Tax Deductions Under DTAs

July 5, 2022, 5:00 AM

The Swedish Tax Agency June 29 clarified reverse credit rules concerning foreign tax deductions under DTAs. The clarification includes: 1) the settlement procedure for each income item to be taxed separately, if the special income tax for nonresidents (SINK) is paid; 2) the calculation procedure for foreign tax deductions when income is taxed in the taxpayer’s resident country; and 3) an example of SINK calculations for the reverse credit, and social and occupational pensions. [Sweden, Tax Agency, 06/29/22]

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