Regulation (2015:922) On Automatic Exchange Of Information About Financial Accounts

Original Language Title: Förordning (2015:922) om automatiskt utbyte av upplysningar om finansiella konton

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Read the untranslated law here: http://rkrattsbaser.gov.se/sfst?bet=2015:922

section 1 of this Regulation shall apply in the case of exchange of information

referred to in the Act (2015:912) concerning the automatic exchange of

information about financial accounts.



section 2 of the data referred to in section 2 of the Act (2015:912) if

automatic exchange of information about financial accounts should

transferred to the competent authorities of

the reporting of such jurisdictions as soon as possible, but

no later than 30 september of the calendar year after the calendar year in which

the data relate.



3 §/expires U: 2016-02-15/

The tax agency shall conclude agreements with the competent

authorities of the participating States and jurisdictions on how

the automatic exchange of information should be carried out and about

the forms of other communication between the tax office and the

competent authorities of other participating States and

jurisdictions.



The Revenue Commissioners shall cooperate with the competent authorities of

other States and jurisdictions to agree on one or

several methods for data transfer, including

encryption standards, in order to achieve the greatest possible

standardization and minimal complexity and to

minimize costs. The tax office will notify these methods

to the Secretariat by the coordinating body referred to in

Article 24(3) of annex I to the Act (1990:313) on the Council of Europe-

and the OECD Convention on mutual assistance in

tax matters.



If difficulties arise with regard to implementation or

the interpretation of the multilateral agreement between the competent

authorities on automatic exchange of information on

financial accounts, signed on 29 October 2014,

the Revenue Commissioners may request that consultations be held with the competent

authorities in one or more other States or

jurisdictions so that appropriate measures can be taken to

ensure that the agreement is met. If the tax agency requests

consultation, should work to ensure that the Agency's coordination

Secretariat, as appropriate, be informed of the measures

designed.



3 §/comes into force: 2016-02-15/

The tax agency shall conclude agreements with the competent authorities of the participating States and jurisdictions on how the automatic exchange of information should be carried out and on the forms of other communication between the tax agency and the competent authorities of other participating States and jurisdictions.



The tax agency to work with the competent authorities of other States and jurisdictions to agree on one or more methods for transmitting data, including encryption standards, in order to achieve the greatest possible standardization and minimal complexity and to minimise costs.

The tax office will inform these practices to the Secretariat by the coordinating body referred to in article 24(3) of annex I to the Act (1990:313) on the Council of Europe and the OECD Convention on mutual assistance in tax matters.



The tax office will inform the Secretariat of the coordination body when appropriate steps have been taken to ensure that the necessary requirements for privacy and data security are met and attach the questionnaire replies about privacy and data security are included in Annex D to the multilateral agreement between the competent authorities of the automatic exchange of information relating to financial accounts, signed on 29 October 2014.



In the event of difficulties in the implementation of the agreement referred to in the third subparagraph, the Revenue Commissioners may request that consultations be held with the competent authorities of one or more other States or jurisdictions so that appropriate measures can be taken to ensure that the agreement is met. If the tax office requesting consultation should work to ensure that the Secretariat of the coordination body appropriately informed of measures designed. Regulation (2016:20).



section 4 of the Swedish tax agency shall verify that the reporting obligation

financial institutions to apply the audit procedures

evidenced by the law (2015:911) on the identification of

the reporting of such accounts for automatic exchange of

information about financial accounts and that they leave

control data, in accordance with 22 b Cape.

tax Procedure Act (2011:1244).



The tax office will inform the financial supervision authority when



1. The tax agency decides to submit to a

reporting required financial institution that fails to complete

its obligation to provide monitoring data according to 22 b Cape.

tax procedure act to perform the obligation, or



2. There is reason to believe that a reporting obligation

financial institution has not complied with its obligations

According to the law (2015:911) on the identification of

the reporting of such accounts for automatic exchange of

information about financial accounts or 22 b Cape.

tax procedure law.



5 § involving jurisdiction referred to for the purposes of

Act (2015:912) concerning the automatic exchange of information on

financial accounts and the law (2015:911) on the identification of

the reporting of such accounts for automatic exchange of

information about financial accounts such State or

jurisdiction referred to in section A of the annex to this

Regulation.



Reporting binding jurisdiction referred to in the application

by law (2015:912) concerning the automatic exchange of information on

financial accounts and the law (2015:911) on the identification of

the reporting of such accounts for automatic exchange of

information about financial accounts such State or

jurisdiction referred to in section B of the annex to this

Regulation.



Transitional provisions



2015:922



1. This Regulation shall enter into force on the 1 January 2016.



2. the provisions of section 2 of the applicable calendar year for the first time

2017 in respect of data relating to the calendar year 2016.



Annex/expires U: 2016-02-15/



Participation and reporting of such jurisdictions



A. Participating jurisdictions



The following States and jurisdictions are participating

jurisdictions.



– Albania



-Andorra



– Anguilla



-Antigua and Barbuda



– Argentina



-Aruba



– Australia



– Barbados



– Belgium



– Belize



– Bermuda



– British Virgin Islands



– Bulgaria



– Cayman Islands



– Chile



– Colombia



– Cook Islands



– Costa Rica



– Curacao



– Cyprus



– Denmark



– Estonia



– Finland



– France



– Faroe Islands



— United Kingdom



– Ghana



-Gibraltar



– Greece



– Grenada



-Guernsey



– India



– Indonesia



– Ireland



– Iceland



– Isle of Man



– Italy



– Japan



– Jersey



– Canada



– Croatia



– Latvia



– Liechtenstein



– Lithuania



– Luxembourg



– Malta



– Marshall Islands



– Mauritius



– Mexico



– Principality of Monaco



-Monserrat



– Netherlands



-Niue



– Norway



– New Zealand



– Poland



– Portugal



– Romania



-Saint Lucia



– Saint Vincent and the Grenadines



— Samoa



– San Marino



– Switzerland



— Seychelles



-Sint Maarten



– Slovakia



– Slovenia



– Spain



– South Africa



– South Korea



– Czech Republic



– Turks and Caicos Islands



– Germany



– Hungary



– Austria



(B) the reporting of such jurisdictions



The following States and jurisdictions are reporting requirements

jurisdictions.



– Belgium



– Bulgaria



– Cyprus



– Denmark



– Estonia



– Finland



– France



— United Kingdom



– Greece



– Ireland



– Italy



– Croatia



– Latvia



– Lithuania



– Luxembourg



– Malta



– Netherlands



– Poland



– Portugal



– Romania



– Slovakia



– Slovenia



– Spain



– Czech Republic



– Germany



– Hungary



Annex/comes into force: 2016-02-15/



A. Participating jurisdictions



The following States and jurisdictions are participating jurisdictions.



– Albania



-Andorra



– Anguilla



-Antigua and Barbuda



– Argentina



-Aruba



– Australia



– Barbados



– Belgium



– Belize



– Bermuda



– British Virgin Islands



– Bulgaria



– Cayman Islands



– Chile



– Colombia



– Cook Islands



– Costa Rica



– Curacao



– Cyprus



– Denmark



– Estonia



– Finland



– France



– Faroe Islands



— United Kingdom



– Ghana



-Gibraltar



– Greece



– Grenada



-Greenland



-Guernsey



– India



– Indonesia



– Ireland



– Iceland



– Isle of Man



– Italy



– Japan



– Jersey



– Canada



– China



– Croatia



– Latvia



– Liechtenstein



– Lithuania



– Luxembourg



-Malta-Marshall Islands



– Mauritius



– Mexico



– Principality of Monaco



-Monserrat



– Netherlands



-Niue



– Norway



– New Zealand



– Poland



– Portugal



– Romania



-Saint Lucia



– Saint Vincent and the Grenadines



— Samoa



– San Marino



– Switzerland



— Seychelles



-Sint Maarten



– Slovakia



– Slovenia



– Spain



– South Africa



– South Korea



– Czech Republic



– Turks and Caicos Islands



– Germany



– Hungary



– Austria



(B) the reporting of such jurisdictions



The following States and jurisdictions are reporting such jurisdictions.



– Belgium



– Bulgaria



– Cyprus



– Denmark



– Estonia



– Finland



– France



— United Kingdom



– Greece



– Ireland



– Italy



– Croatia



– Latvia



– Lithuania



– Luxembourg



– Malta



– Netherlands



– Poland



– Portugal



– Romania



– Slovakia



– Slovenia



– Spain



– Czech Republic



– Germany



– Hungary

Regulation (2016:20).