Next Generation Partners

Tax in Sweden

Mannheimer Swartling

Mannheimer Swartling is ‘the firm in Sweden for pragmatic top-of-the-line legal tax support’ and advises top domestic and international clients on contentious and non-contentious tax matters. It is well versed in handling the tax implications of large cross-border M&A deals and handles indirect tax, structured finance, transfer pricing and real estate tax matters. Niklas Hagbard heads up the team and is recommended for share and asset transfers, restructurings, incentive schemes and insurance matters, while Anders Erasmie offers similar expertise and also represents clients in tax litigation; Joachim Agrell is also a key name for indirect tax and VAT. Martin Nilsson left the firm to become a Justice of the Supreme Administrative Court.

Practice head(s):

Niklas Hagbard


Other key lawyers:

Joachim Agrell; Anders Erasmie


Testimonials

‘Strong and deep team with up-to-date knowledge of latest findings in tax.’

‘Niklas Hagbard – a star in all aspects of tax law.’

‘The firm in Sweden for pragmatic top-of-the-line legal tax support.’

‘Anders Erasmie is a star providing business-centric advice navigating tax law in a pragmatic way.’

‘The tax practice is excellent with high knowledge and a really commercial approach.’

‘Tax partner Anders Erasmie is by far the best tax practitioner in Sweden. His extreme knowledge combined with the ability to make tax matters understandable to non-tax persons and at the same time giving to the point advice.’

‘I have worked with MSA’s Tax team’s VAT lawyer/expert Joachim Agrell, who is the best adviser on the Swedish market. However, the whole team seems to be made up of very highly skilled people with extensive experience.’

‘The strength of the team is their deep tax technical knowledge and vast experience in tax litigation matters.’

Key clients

Nordic Capital


Accent


Cevian


Infranode


Work highlights


  • Advised Volvo Cars AB (publ) on its listing on Nasdaq Stockholm.
  • Advised ICA Real Estate on forming a new property company, jointly owned together with Bonnier Fastigheter and Trecore Fastigheter.

Advokatfirman Vinge

Advokatfirman Vinge is very strong in contentious tax matters, including litigation, and has represented clients in the Supreme Court. The group is particularly experienced in the private equity arena, including tax matters pertaining to the purchase and sale of companies, and has recently seen an uptick in VAT-related cases. Mattias Schömer heads up the team and is a key name for M&A, reorganisations and tax court proceedings. Counsels Maria Schultzberg and Ulrika Bengtsson are also recommended, with Schultzberg handling inbound and outbound investment-related matters, and Bengtsson offering strong expertise in tax litigation.

Practice head(s):

Mattias Schömer


Other key lawyers:

Karolin Ekström; Victor Ericsson; Maria Schultzberg; Ulrika Bengtsson; Henrik Wastenson


Key clients

Nordic Capital


Sleep Cycle AB


Vostok New Ventures Ltd


Segulah Medical Acceleration


KFI Kapital


Work highlights


  • Representing investment professionals connected to Nordic Capital in the Supreme Administrative Court relating to the income tax treatment of distribution of profits from Channel Islands funds to Sweden.
  • Provided tax advice to Vostok Emerging Finances Ltd in respect of its re-domestication by way of a change of domicile of the group parent company from Bermuda to Sweden.
  • Acting as lead counsel on the tax structuring for the establishment of Segulah Medical Acceleration, a Swedish venture fund structured domestically and in Denmark.

Bird & Bird

Bird & Bird’s tax offering is led by Carl-Magnus Uggla and advises high-profile domestic and international clients on the tax aspects of transactions, mainly in the real estate and private equity sectors. It is also strong in tax planning, tax incentive schemes, investigations and litigation. Uggla acts for real estate clients, construction companies and corporations and handles advisory work and litigation, while senior counsel Victor Stålblad is a key name for incentive schemes and litigation; he is also a Swedish Tax Agency alumnus.

Practice head(s):

Carl-Magnus Uggla


Other key lawyers:

Victor Stålblad; Andreas Lundqvist


Key clients

10 Chambers AB


AC Datacenter AB


Adaptic AG


Accountor AB


AIG


AF Gruppen AS


AG Mining


AREIM AB


Bain Inc / Bain AB


Besqab


BRABO AB


Brockwell Capital Ltd


Cambri Oy


Citi Group


Collegio AB


Compassion International


Convergence


Credit Suisse


Combient


Cytovac AS


Deutsche Bank


Eduhouse Oy


eEquity AB


Ferronordic AB


GreenCargo AB


Guard Therapeurics AB


Hiscox Ltd


Holiday Club AB


HSB Projektpartner AB


ICAP Ltd, (TP ICAP Group)


Läkarleasing AB


Majority AB


Mattssons Fastighetsutveckling AB


Nyköpingshem AB


Norama Alternative Investments AB


NorthStream AB


Oivor AB


Opfutrade AB


Unloc AS


Reihmut & Co Investment Management AG


RebTel AB


Samsaj Group AB


Sinch AB


Tempur Sealy AB


Trip Advisor AB


TV4 Media AB


Zimpler AB


Ålandsbanken


Work highlights


  • Advised major real estate fund Slättö Förvaltning AB on its first cross-border transaction into Finland.
  • Advised Citi on its “take-over” of Nordea’s sub-custody business, through a strategic referral arrangement with Nordea.
  • Advised new fintech company Zimpler AB on its entry into the Peruvian and Colombian markets.

Advokatfirma DLA Piper Sweden KB

Led by Erik Björkeson and Karin Attorps, who recently joined the firm from EY Law, Advokatfirma DLA Piper Sweden KB’s tax team acts for large international blue-chip clients on a wide range of tax matters, including large cross-border M&A-related tax mandates, investments and litigation. Björkeson specialises in corporate tax structuring and solutions for inbound investments, while Attorps handles tax structuring and transaction-related tax issues, incentive programmes and tax controversy matters. Senior associates Magnus Hagevi and Adam Tideman  are also recommended.


Practice head(s):

Erik Björkeson; Karin Attorps


Other key lawyers:

Magnus Hagevi; Adam Tideman


Key clients

Heimstaden


Peltarion


Worldline


Setterwalls

Setterwalls offers clients ‘timely and practical advice’ and is ‘always a pleasure to work with’. It has a strong track record in international tax matters and VAT issues, and particular areas of focus include corporate taxation and restructuring work, incentive programmes and litigation. The team is jointly led by Niclas Hermansson, Sören Brekell and Christian Sjöqvist, with Hermansson acting for high-profile clients on disputes, Brekell recommended for restructurings, and Sjöqvist a key name for corporate matters.

Practice head(s):

Niclas Hermansson; Christian Sjöqvist; Sören Brekell


Other key lawyers:

Andreas Ödman; Carl-Johan Lundgren; Omar Khalil


Testimonials

‘This practice gives timely and practical advice. Always a pleasure to work with.’

‘Carl-Johan Lundgren is a very good listener, and you can tell that he is rapidly processing the information in order to give you the best advice.’

‘Niclas Hermansson is our go-to contact within Tax Law and renders current advice to our business group on related topics.’

Niclas Hermansson: Highly skilled within Tax Law with the capability to render distinct and efficient advice on the various tax related topics that arise for us as an international company running business in Sweden.’

‘Good, practical advice.’

‘Clear understanding of our needs.’

‘The Setterwalls team is very hands-on and provides fast, pragmatic and solution-oriented advice. They always provide value for money and excellent attention.’

‘Andreas Ödman is an upcoming star in this field with a solution-oriented attitude.’

Key clients

Truecaller


Work highlights


  • Advised Truecaller AB on tax and corporate issues in connection with its major pre-IPO restructuring, involving the establishment of a new parent company in the group, valued in excess of $1bn, a reorganisation of the company’s ordinary and preferred share classes and the negotiation of related agreements.

Wistrand

The tax team at Wistrand provides consultancy and advisory services, in addition to handling contentious issues, including tax litigation. It also has considerable experience in the tax aspects of M&A, financings, real estate deals and restructurings. The team is led by Peter Sandberg, Johan Linder Säverman, Victor Palm, Peter Brandt and Rickard Jonsson and includes senior counsel Conny Otteland, who has 25 years’ experience in advising international clients on tax matters.

Practice head(s):

Peter Sandberg; Johan Linder Säverman; Victor Palm; Peter Brandt; Rickard Jonsson


Other key lawyers:

Conny Otteland; Christian Luthman


Testimonials

‘Very strong capabilities in structuring transactions.’

‘Good responsiveness and constructive cooperation.’

Key clients

Slättö Förvaltning AB


Älvstranden Utveckling AB


Baker McKenzie

Baker McKenzie‘s Swedish tax team often works in tandem with counterparts in its large global network to provide advice on cross-border tax issues, with a focus on income and VAT-related issues, restructurings and other corporate tax matters. In addition to its transactional tax advice, the practice, which is under the leadership of Linnea Back, also acts in a broad range of tax disputes, including tax litigation.

Practice head(s):

Linnea Back


Key clients

Mercury Engineering


Norvestor and Permascand


Citigroup, Carnegie, Danske Bank, DNB Markets and SEB (Norva24)


Truecaller


GRO Capital


4C Group AB


Sikri Holding AS


Work highlights


  • Advised Mercury Engineering in connection with the construction of large-scale data centres in Sweden for global companies.
  • Acted for the joint bookrunners on the IPO of Norva24.
  • Advised Truecaller on both Swedish and US law concerning its IPO on the Nasdaq Stockholm exchange.

Advokatfirman Lindahl KB

Advokatfirman Lindahl KB is particularly experienced in real estate law and tax matters related to real estate transactions and projects. Other areas of focus include income tax, business establishment issues and restructurings, and the team acts for both individuals and corporations. Anna Romell Stenmark heads up the practice and is well versed in cross-border matters, particularly those pertaining to incentive schemes and disputes.

Practice head(s):

Anna Romell Stenmark


Testimonials

‘Strong senior attention. Good balance between the details and pragmatic solutions for us that saved us a substantial amount of time.’

‘Anna Romell Stenmark came across as very knowledgeable about the tax area with regards to income and capital gains taxes for investors.’

‘Friendly and to the point in meetings.’

‘Very good balance between pragmatism and detailed knowledge. Would highly recommend to others.’

‘The team’s collaboration and aim to always have a complete business understanding makes Lindahl an optimal partner.’

‘Anna Romell Stenmark – high tax and law competence.’

‘They were fast and precise.’

‘Very service oriented. High integrity and truly competent.’

Key clients

AirForestry AB


DepictAI AB


Sparinstitutens Pensionskassa, försäkringsförening


Oracle Svenska AB


Fortum Waste Solutions AB


Cardo Health AB


EXM Investment Partners AB


Flowfactory AB


Pharmetheus AB


Dirac Research AB


Kommuninvest


Förvaltnings Aktiebolag Gullbergsvass


Svenska Hus AB


Work highlights


  • Acting as counsel of Oracle Svenska AB in an extensive transfer pricing litigation in the Administrative Court of Appeal.
  • Assisted ExM Investment Partners AB on the structuring of an investment fund and especially the manager’s remuneration.
  • Advised Pharmetheus AB on its continuing expansion of its consultancy organisation to France, the Netherlands, Spain, Switzerland, Italy, Germany and the US.

Advokatfirman Schjødt

Advokatfirman Schjødt’s tax practice is led by Ebba Perman Borg, who joined from Linklaters in 2021. It is particularly strong in corporate, real estate, oil and gas, and finance-related tax matters, as well as VAT issues. Borg is well versed in M&A transactions, cross-border and domestic tax structuring matters, management incentives and tax controversies, among other areas.

Practice head(s):

Ebba Perman Borg


Other key lawyers:

Victor Elovsson


Testimonials

‘Schjødt’s tax team are known for top-quality advice with a particular strength within the M&A and transaction tax area and cross-border structuring.’

‘Schjødt is second-to-none as tax advisers on the corporate and international tax side.’

‘Ebba Perman Borg is, in my view, the absolute preferred and unrivalled international and corporate tax adviser in Sweden. It was a scoop and the signing of the century in the Swedish tax market for Schjødt to get her on board.’

‘I have worked closely with Tax Partner Ebba Perman Borg. Ebba has very strong technical tax knowledge and extensive experience of tax structuring. She is great at communicating complex tax issues, is extremely responsive to client needs and understands the dynamics of the M&A environment.’

‘I found Ebba Perman Borg to be willing to be flexible and adapt in the provision of advice and deal support in order to meet our needs.’

‘The firm is new in the Swedish market but have hired some of the best and brightest women and men in the market making them an excellent modern law firm to engage for a broad range of tax and others matters.’

‘With Ebba Perman Borg running the Swedish tax practice the firm has become a transaction tax powerhouse with the knowledge and capacity to deliver top of the line advice on all types of transactions within a short time frame.’

‘The team has great experience from litigation making them a trusted tax adviser for all types of advice.’

Key clients

Teachers Insurance and Annuity Association of America (TIAA)


Oleter Group AB


FSN Capital GP VI Limited


CBRE Global Investors Open-Ended Funds SCA Sicav-SIF – Pan European Core Fund


ASSA ABLOY AB


Isadora AB


Lunar Group Aps


MedHelp


Truecaller


Alecta Köpcentrum AB


Webrock Ventures


Work highlights


  • Advising TIAA in connection with both its public offer for all shares in 24Storage and the acquisition of Green Storage, as part of TIAA/Nuveen’s larger strategy to enter the European self-storage sector.
  • Advised Webrock Ventures in connection with Cardo Health’s investments and fund raising, which involved innovative structuring.
  • Advising ASSA ABLOY on a long-term incentive programme.