Sweden Parliament Considers Bill to Implement EU Directive on Tax Reporting for MNE Groups, Large Corporations

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The Swedish Parliament (Riksdag) March 21 accepted for consideration Bill No. 2022/23:88, to implement EU Directive 2021/2101, to require tax information publication by large groups of multinational enterprises (MNEs), and standalone large companies, with annual revenue exceeding 8 billion Swedish kronor (US$777 million) in each of the last two financial years. The bill includes measures to: 1) require covered entities to post an income tax information report on their websites each accounting year, and submit the reports to the Swedish Companies Registration Office; 2) require auditors of large companies to report whether the company is subject to, and has complied …

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