A draft bill was submitted in the Swedish parliament on 13 October 2020 that provides for the introduction of the government's proposal to restrict the deduction of interest paid to non-cooperative jurisdictions. As previously reported, the deduction restriction would apply for interest paid to jurisdictions included in the EU list of non-cooperative jurisdictions with effect from 1 January 2021, including payment to both related and non-related parties in listed jurisdictions. The draft bill also provides for the amendment of the appendix to chapter 39a of the Income Tax Act (CFC whitelist) with the removal of Trinidad and Tobago due to the jurisdiction's inclusion in the EU list of non-cooperative jurisdictions.
Jurisdictions currently listed in the EU list of non-cooperative jurisdictions include American Samoa, Anguilla, Barbados, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, US Virgin Islands, Vanuatu, and Seychelles.
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