Sweden Updates Documentation Guidance for Master and Local File

The Swedish Tax Agency (Skatteverket) has published updated guidance for the new Master file and Local file documentation requirements, which were approved by parliament on 1 March 2017 and generally apply for fiscal years beginning on or after 1 April 2017.

Master/Local File Content

The guidance notes that the content requirements are designed in accordance with the OECD standard (BEPS Action 13), and include:

For the Master file (group part):

• General description of group activity, in…