The late submission of information to Sweden’s Skatteverket tax agency will be penalised, according to a new rule that the government and parliamentary ally the Left Party (Vänsterpartiet) want to introduce.
“In practice, this means that more people who are avoiding tax will be given a penalty,” said Finance Minister Magdalena Andersson.
As reported by The Local, the finance minister hopes this would put pressure on individuals with money in offshore tax havens.
People with undeclared assets abroad currently have the option of notifying Skatteverket of their assets without being subject to a penalty in the form of a surcharge.
Current tax rules provide for the self-return (självrättelse) of undeclared tax if Skatteverket is yet to begin an investigation into a specific person.
By introducing a deadline of two months in which such declarations must be made, after which penalties would be incurred, the government and Left Party hope that more people will feel obliged to submit accurate information.
According to The Local, Andersson is keen to set in motion new initiatives, but added she did not expect the measure to have a large effect on Sweden’s state coffers.
“We have tentatively calculated an increased income of 15m kronor [€1.5m] per year,” Andersson said.
The proposal will be sent for parliamentary consultation with its introduction proposed for 2018.