The Swedish Ministry of Finance presented a draft bill outlining new rules for reporting under the Crypto-Asset Reporting Framework (CARF) and the automatic exchange of information (AEOI) on financial account data. The proposed legislation is scheduled to take effect on January 1, 2026.
Key elements of the bill include:
Implementation of DAC8: Transposition of Directive (EU) 2023/2226 concerning administrative cooperation in taxation, incorporating changes from the Multilateral Competent Authority Agreement (MCAA) on the AEOI related to crypto-assets.
Revised CRS standards: Integration of updates to the OECD Common Reporting Standard for AEOI on financial account information.
Expanded reporting requirements: Mandates the collection of verification information for disposals involving securities tied to commodities, crypto-assets, or related indices.
Sanctions for non-compliance: Reporting crypto-asset service providers may face penalties between SEK 2,500 (approx. US$262) and SEK 5,000 (approx. US$524) for failures in reporting or recordkeeping duties.
The draft legislation reflects Sweden’s alignment with international tax transparency standards and digital asset oversight.
Source: regeringen.se
