Luxembourg – Withholding tax refunds for funds, SICAVs in Sweden

November 7:  The KPMG member firm in Luxembourg has prepared a report that addresses the availability of withholding tax refunds for UTICS funds, including Luxembourg SICAVs, in Sweden.

Swedish courts have confirmed that many types of investment funds are eligible for a full refund of Swedish withholding tax. Many funds have received refunds of withholding tax. In addition, the law changed as from 1 January 2012 to allow an exemption for certain qualifying funds.

Investment funds that have not filed refunds claims need to consider filing such claims so as not to forfeit withholding tax refunds dating back to 1 January 2009.