Sweden Tax Agency Explains Taxation of Foreign Foundations, Trusts

The Swedish Tax Agency Dec. 20 explained the income tax treatment of foreign foundations, including trusts. The explanation clarifies that foreign foundations or trusts are treated as the equivalent of a domestic foundation or trust if at the time of taxation, it meets all requirements under the Foundations Act. Foreign foundations and trusts are exempt from the concept of original deficiency, which applies to domestic foundations or trusts that don’t meet Foundation Act requirements when they’re formed. [Sweden, Tax Agency, 12/20/19]

Reference:
View Statement No. 202 461274-19 / 111. View Index.