Sweden Tax Agency Clarifies Reporting Obligations for Cross-Border Payment Service Providers

The Swedish Tax Agency Dec. 21 posted online Statement No. 8-2684701, clarifying reporting obligations for cross-border payment service providers. The taxpayer sought guidance on determining the location of parties to cross-border payments. The clarification explains: 1) requirement for reporting cross-border payment information to the tax agency for customers located in Sweden; 2) the requirement to follow payment licenses to determine the location of payment services; 3) the obligation to report to the tax agency information or data on cross-border payments indicating that a customer’s location is in a different country; and 4) the requirement for online marketplaces to follow EU ...