Press Releases

1. The Government of Japan and the Government of Sweden have agreed in principle on the draft Protocol amending the Convention between Japan and Sweden for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income which entered into force in 1983 (partial amendment entered into force in 1999).
2. The draft Protocol amends part of the current Convention in order to reduce taxation on investment income (dividends, interest and royalties) in the source country, introduce an arbitration system to the mutual agreement procedure between the tax authorities, and introduce a system to lend assistance to each other in the collection of tax claims of the other country, with a view to promoting investment and economic exchanges between the two countries and preventing international tax evasion and tax avoidance.
3. The Protocol will be signed after the necessary internal procedures have been completed by each of the two Governments. Thereafter, the Protocol will enter into force after the completion of the approval process on both sides (in the case of Japan, approval by the Diet will be necessary).

[References] History of Japan-Sweden Tax Conventions

(1) Original Convention: Entered into force in 1957

(2) Wholly amended Convention(the current Convention):
Entered into force in 1983

(3) Partial amendment: Entered into force in 1999