Since 2013, even if the interest income from a loan to an affiliated company in Sweden was taxed at a rate of at least 10% in the lender’s country of residence, the interest deduction was often disallowed on the ground that the principal reason for the debt having arisen was for the group to receive a substantial tax benefit. Last Wednesday, 20 January 2021, the ECJ ruled that it is contrary to EU law to deny interest deduction on cross-border loans on this ground if the interest would have been considered deductible if the lender had been a Swedish entity. This landmark ruling provides companies the possibility to reassess non-deductible interest costs in Sweden.
The pandemic has impacted our lives in many ways, but for many of us, one of the most…
Since 2012, the Swedish Anti-Corruption Institute’s (“IMM”) guidelines have been an important cornerstone in promoting self-regulation as a…
Please save the date for our upcoming Trade Day 2020 event in Stockholm, taking place on 5 November 2020. We will cover recent developments and trends in compliance, export control, trade sanctions and customs. A full agenda will be sent out closer to the event. Considering the ongoing pandemic we…
In light of the global pandemic, governments across the globe are faced with urgent needs whose immediate coverage is a matter of life and death. Hence, these unusual and uncertain times call for rare and exceptional measures, and without much ado, governments around the globe have provided them. Common to all approaches is the will to enable public contractors to procure the urgently needed supplies to save lives and contain the pandemic without major bureaucratic hurdles.
In early March 2020, after COVID-19 had already begun its journey of destruction around the world, the European…
On Tuesday 5 May, the EU & Competition team of the Stockholm office sent out a newsletter regarding some of the most important Swedish changes and initiatives taken within the areas of competition law, public procurement and state aid in the wake of Covid-19.
In brief By now we all realize that the world after COVID-19 will look different from the world…
The financial markets are experiencing a significant amount of disruption for which there is no precedent. However, in…
Countries around the globe are facing unprecedented and rapid change due to the COVID-19 pandemic. The Government Intervention Schemes Guide provides a summary of key government intervention measures across jurisdictions around the globe in relation to: Foreign Investment Restrictions Debt Equity Taxation EU State Aid Approvals (where relevant) Read report…