Sweden Tax Agency Clarifies Limits on Amending Income Tax Returns

The Swedish Tax Agency Aug. 16 updated guidance on general audits and a new rule limiting taxpayers’ opportunity to amend returns without penalty. The guidance defines the term “general audit” and clarifies that the tax authority won’t consider an amendment as made on the taxpayer’s own initiative when: 1) the tax authority has announced it will carry out a general audit; 2) the amendment is linked to the general audit; and 3) the amendment is made after two months from the end of the month in which the tax authority announced the general audit. The updated guidance took effect Aug. ...