End of the Portugal / Sweden Double Tax Treaty: the consummated act

PUBLICAÇÕES SÉRVULO 02 Fev 2022

Portugal has today publicly announced that it was verbally notified by Sweden, on June 16^th, 2021, of the termination of the Double Tax Treaty (“DTT”) existing between both countries.

As a result, such DTT which has been in force since 2003 came to an end on January 1^st, 2022.

This outcome arises after attempts of renegotiation of the same, by Sweden, which began in 2018 but were not concluded from the Portuguese side.

The termination of the DTT triggers consequences from a tax perspective for companies and individuals who have financial or economical relations involving both countries.

SÉRVULO will further analyse and discuss such potential consequences in an article to be published this month in the upcoming Swedish-Portuguese Chamber of Commerce (CLS) newsletter.

Teresa Pala Schwalbach | tps@servulo.com

Ana Margarida Cerqueira | amc@servulo.com