Help bring foreign assets home

If you are resident in Sweden and have assets held in foreign depositaries, accounts, etc., but have not declared them in Sweden, you risk incurring a tax surcharge and, potentially, being charged with tax fraud. Sweden has entered into tax information exchange agreements with a number of countries in recent years, including Switzerland, Luxembourg and Lichtenstein. Under the terms of these agreements, the Swedish Tax Agency now has a far greater ability to check whether people with a tax liability in Sweden have undisclosed assets in other countries.

A voluntary disclosure of undeclared assets enables you to avoid the imposition of a tax surcharge if you ask the Swedish Tax Agency to review your tax assessments for the past six years. And if there is a risk that you have committed tax fraud in the past 10 years, the assessments for these years should often also be reviewed. In order for a disclosure of undeclared assets to be regarded as voluntary, you must act before the Swedish Tax Agency initiates an investigation.

Advice monitors every step of the process

The first step in the process involves collating all of the material needed for your voluntary disclosure of undeclared assets, and then conducting a tax assessment of the overall structure. Advice stays in contact with the foreign banks and orders the information required, after which we produce a summary of your income and expenses. Advice can then, on the basis of this data, help you draw up and submit your voluntary disclosure of undeclared assets to the Swedish Tax Agency, and will handle all contacts with the Agency until such time as a final assessment of the disclosure has been completed.