The Swedish Tax Agency (Skatteverket) has published updated guidance to clarify the obligation to report foreign transactions. In general, both inbound and outbound foreign transactions exceeding SEK 150,000 (~USD 17,000) in a calendar year must be reported. This applies for transactions involving both individuals and companies, and the information collected is often used in tax audits. The update clarifies that the reporting obligation applies for any intermediary carrying out a transaction on behalf of a customer, and not just banks. This includes when multiple intermediaries are involved, such as when an intermediary (Bank A) cannot facilitate a foreign payment itself...