Swedish Ministry of Finance proposes new Withholding Tax Act

Executive summary

On 7 June 2022, the Swedish Ministry of Finance published a memorandum with a proposal for a new withholding tax law related to dividend distributions. A first proposal was originally published on 29 April 2020, but the legislative process was paused without an official explanation, likely due to COVID-19. Some changes have been made between the first and second proposal, but this Alert does not cover those changes in detail. If the law enters into force, it will impact the with…