Sweden exports extensively to Brazil and Sao Paulo has long been called one of Sweden’s largest industrial cities, with giants such as Sandvik and Scania having been established there for decades. A new tax deal that has been reached between Sweden and Brazil is good news for the over 200 Swedish companies in the country. The agreement means that some tax rates will be lowered, including those linked to dividends and royalties.
Finance Minister Magdalena Andersson comments, “This means that Swedish companies’ investments in Brazil have sustainability, but also competitive conditions that are in line with many other countries.”
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