[Code of Federal Regulations]
[Title 26, Volume 18, Parts 500 to 599]
[Revised as of April 1, 2000]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR520.116]

[Page 133]
 
                       TITLE 26--INTERNAL REVENUE
 
     CHAPTER 1--INTERNAL REVENUE SERVICE DEPARTMENT OF THE TREASURY 
                               (Continued)
 
PART 520--SWEDEN--Table of Contents
 
                       Subpart--General Income Tax
 
Sec. 520.116  Reciprocal administrative assistance.

    (a) By Article XV of the convention, United States and Sweden adopt 
the principle of exchange of information and assistance in the service 
of documents incident to the collection of taxes. It is agreed that such 
fiscal cooperation shall be carried out in accordance with the laws of 
the respective countries and hence only such information as is available 
to the Commissioner under the revenue laws may be used as a source from 
which to secure the information required to be submitted to the Finance 
Minister of Sweden.
    (b) Pursuant to such principle, withholding agents shall, in the 
preparation of withholding returns, Form 1042, report on such returns, 
in addition to the items of income upon which tax has been withheld at 
the source, those items of income paid to a nonresident alien individual 
resident in Sweden or to a Swedish corporation or other entity upon 
which tax has not been withheld at the source. (See Sec. 520.109.) Such 
return shall show the same information with respect to such items of 
income upon which tax has not been withheld at the source as is shown 
with respect to items of income upon which the tax has been withheld at 
the source.
    (c) All information and correspondence relating to exchange of 
information and to service of documents may be transmitted by the 
Secretary directly to the Finance Minister of Sweden.