- Sweden’s Ministry of Finance introduced a draft bill for crypto-asset and financial account reporting.
- The bill is set to take effect on January 1, 2026.
- It includes the implementation of DAC8, aligning with EU Directive 2023/2226 for tax cooperation.
- Updates to the OECD Common Reporting Standard are integrated.
- Reporting requirements are expanded to include verification for disposals involving securities linked to commodities and crypto-assets.
- Penalties for non-compliance range from SEK 2,500 to SEK 5,000.
- The legislation aligns with international tax transparency and digital asset oversight standards.
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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