On 23 February 2021, officials from Sweden and the UK signed an amending protocol to the 2015 income and capital tax treaty between the two countries. The protocol is the first to amend the treaty and includes the following main changes:
The protocol will enter into force 30 days after the ratification instruments are exchanged. It will apply in Sweden from 1 January of the year following its entry into force. It will apply in the UK in respect of withholding taxes from 1 January in the calendar year next following its entry into force, in respect of corporation tax from 6 April next following its entry into force, and in respect of income tax and capital gains tax from 1 April next following its entry into force.
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