Lag (1994:1617) om dubbelbeskattningsavtal mellan Sverige och Amerikas Förenta Stater SFS nr: 1994:1617 Departement/myndighet: Finansdepartementet S3 Utfärdad: 1994-12-15 Omtryck: Ändrad: t.o.m. SFS 2

Article 17

(Limitation on benefits);

1. ii)satisfies the conditions of clauses
2. i)and
3. ii)of subparagraph e)

Article 17

, provided that the company satisfies the conditions described in paragraph 4 of that Article with respect to the dividends; iii) is entitled to benefits with respect to the dividends under paragraph 3 of Article 17; or

1. iv)has received a determination pursuant to paragraph 6 of Article 17 with respect to this paragraph; or
2. b)a pension fund that is a resident of the other Contracting State, provided that:
3. i)such dividends are not derived from the carrying on of a trade or business by the pension fund or through an associated enterprise; and
4. ii)such pension fund does not sell or make a contract to sell the holding from which such dividend is derived within two months of the date such pension fund acquired such holding. For the purposes of determining whether a company is entitled to benefits with respect to the dividends under paragraph 3 of Article 17, within the meaning of clause iii) of subparagraph
5. a)of this paragraph, the determination of whether a person owning shares, directly or indirectly, in the company claiming the benefits of this Convention is an equivalent beneficiary shall be made by treating such person as holding the same voting power in the company paying the dividends as the company claiming the benefits holds in such company. 4.
6. a)Subparagraph
7. a)of paragraph 2 and subparagraph
8. a)of paragraph 3 shall not apply in the case of dividends paid by a U.S. Regulated Investment Company (RIC) or a Real Estate Investment Trust (REIT). In the case of dividends paid by a RIC, subparagraph
9. b)of paragraph 2 and subparagraph
10. b)of paragraph 3 shall apply. In the case of dividends paid by a REIT, subparagraph
11. b)of paragraph 2 and subparagraph
12. b)of paragraph 3 shall apply only if:
13. i)the beneficial owner of the dividends is an individual or pension fund, in either case holding an interest of not more than 10 percent in the REIT;
14. ii)the dividends are paid with respect to a class of shares that is publicly traded and the beneficial owner of the dividends is a person holding an interest of not more than 5 percent of any class of the REIT's shares; or iii) the beneficial owner of the dividends is a person holding an interest of not more than 10 percent in the REIT and the REIT is diversified.
15. b)For purposes of this paragraph, a REIT shall be "diversified" if the value of no single interest in real property exceeds 10 percent of its total interests in real property. For the purposes of this provision, foreclosure property shall not be considered an interest in real property. Where a REIT holds an interest in a partnership, it shall be treated as owning directly a proportion of the partnership's interests in real property corresponding to its interest in the partnership. 5. The term "dividends" as used in this Article means income from shares or other rights, not being debt-claims, participating in profits, as well as income from other corporate rights that is subjected to the same taxation treatment as income from shares by the laws of the State of which the company making the distribution is a resident, and income from arrangements, including debt obligations, carrying the right to participate in profits to the extent so characterized under the laws of the Contracting State in which the income arises, as well as, in the case of the United States, contingent interest of a type that would not qualify as portfolio interest. 6. The provisions of paragraphs 2 and 3 shall not apply if the beneficial owner of the dividends, being a resident of a Contracting State, carries on business in the other Contracting State, of which the company paying the dividends is a resident, through a permanent establishment situated therein, or performs in that other State independent personal services from a fixed base situated therein, and the dividends are attributable to such permanent establishment or fixed base. In such case, the provisions of Article 7 (Business profits) or Article 14 (Independent personal services), as the case may be, shall apply. 7. A Contracting State may not impose any tax on dividends paid by a company which is not a resident of that State, except insofar as:
16. a)the dividends are paid to a resident of that State; or
17. b)the dividends are attributable to a permanent establishment or a fixed base situated in that State. 8. A religious, scientific, literary, educational, or charitable organization that is resident in Sweden and that has received substantially all of its support from persons other than citizens or residents of the United States shall be exempt in the United States from the United States excise taxes imposed with respect to private foundations. 9. A company that is a resident of a Contracting State and that has a permanent establishment in the other Contracting State, or that is subject to tax in that other Contracting State on items of income that may be taxed in that other State under Article 6 (Income from real property) or under paragraph 1 of Article 13 (Gains), may be subject in that other Contracting State to a tax in addition to the tax allowable under the other provisions of this Convention. Such tax, however, may:
18. a)in the case of the United States be imposed only on:
19. i)the portion of the business profits of the company attributable to the permanent establishment, and
20. ii)the portion of the income referred to in the preceding sentence that is subject to tax under Article 6 or paragraph 1 of Article 13, that represents the "dividend equivalent amount" of those profits and income; the term "dividend equivalent amount" shall, for the purposes of this subparagraph, have the meaning that it has under the law of the United States as it may be amended from time to time without changing the general principle thereof; and
21. b)in the case of Sweden be imposed only on that portion of the income described in subparagraph
22. a)that is comparable to the amount that would be distributed as a dividend by a locally incorporated subsidiary. 10. The tax referred to in subparagraphs
23. a)and
24. b)of paragraph 9 shall not be imposed at a rate exceeding the rate specified in paragraph 2 a). In any case, it shall not be imposed on a company that:
25. a)satisfies the conditions of clause
26. i)or
27. ii)of subparagraph c)

Article 17

;

1. b)satisfies the conditions of clauses
2. i)and
3. ii)of subparagraph e)

Article 17

, provided that the company satisfies the conditions described in paragraph 4 of that Article with respect to an item of income, profit, or gain described in paragraph 9;

1. c)is entitled under paragraph 3 of Article 17 to benefits with respect to an item of income, profit, or gain described in paragraph 9; or
2. d)has received a determination pursuant to paragraph 6 of Article 17 with respect to this paragraph. 11. The term "pension fund" as used in this Article means any person that:
3. a)is organized under the laws of a Contracting State;
4. b)is established and maintained in that Contracting State primarily to administer or provide pensions or other similar remuneration, including social security payments; and
5. c)is exempt from tax in that Contracting State with respect to the activities described in subparagraph b). Article 11 Interest 1. Interest arising in a Contracting State which is derived and beneficially owned by a resident of the other Contracting State shall be taxable only in that other State. 2. The term "interest" as used in this Article means income from debt-claims of every kind, whether or not secured by mortgage, and whether or not carrying a right to participate in the debtor's profits, and in particular, income from government securities, and income from bonds or debentures, including premiums or prizes attaching to such securities, bonds, or debentures and including an excess inclusion with respect to a residual interest in a real estate mortgage investment conduit. Penalty charges for late payment shall not be regarded as interest for the purposes of the Convention. However, the term "interest" does not include income dealt with in Article 10 (Dividends). 3. The provisions of paragraph 1 shall not apply if the beneficial owner of the interest, being a resident of a Contracting State, carries on business in the other Contracting State, in which the interest arises, through a permanent establishment situated therein, or performs in that other State independent personal services from a fixed base situated therein, and the interest is attributable to such permanent establishment or fixed base. In such case the provisions of Article 7 (Business profits) or Article 14 (Independent personal services), as the case may be, shall apply. 4. Interest shall be deemed to arise in a Contracting State when the payer is that State itself or a political subdivision, local authority, or resident of that State. Where, however, the person paying the interest, whether he is a resident of a Contracting State or not, has in a Contracting State a permanent establishment or a fixed base and such interest is borne by such permanent establishment or fixed base, then such interest shall be deemed to arise in the State in which the permanent establishment or fixed base is situated. 5. Where, by reason of a special relationship between the payer and the beneficial owner or between both of them and some other person, the amount of the interest, having regard to the debt- claim for which it is paid, exceeds the amount which would have been agreed upon by the payer and the beneficial owner in the absence of such relationship, the provisions of this Article shall apply only to the last-mentioned amount. In such case the excess part of the payments shall remain taxable according to the laws of each Contracting State, due regard being had to the other provisions of the Convention. 6. A Contracting State may not impose any tax on interest paid by a resident of the other Contracting State, except insofar as
6. a)the interest is paid to a resident of the first-mentioned State;
7. b)the interest is attributable to a permanent establishment or a fixed base situated in the first-mentioned State; or
8. c)the interest arises in the first-mentioned State and is not paid to a resident of the other State. 7. Notwithstanding the provisions of paragraph 1 of this Article an excess inclusion with respect to a residual interest in a real estate mortgage investment conduit may be taxed in the Contracting State where the excess inclusion arises according to the laws of that State. Article 12 Royalties 1. Royalties arising in a Contracting State which are derived and beneficially owned by a resident of the other Contracting State shall be taxable only in that other State. 2. The term "royalties" as used in this Article means payments of any kind received as a consideration for the use of, or the right to use, any copyright of literary, artistic or scientific work (including motion pictures and works on film, tape or other means of reproduction used for radio or television broadcasting), any patent, trade mark, design or model, plan, secret formula or process, or other like right or property, or for information concerning industrial, commercial or scientific experience. The term "royalties" also includes gains derived from the alienation of any such right or property which are contingent on the productivity, use, or disposition thereof. 3. The provisions of paragraph 1 shall not apply if the beneficial owner of the royalties, being a resident of a Contracting State, carries on business in the other Contracting State, in which the royalties arise, through a permanent establishment situated therein, or performs in that other State independent personal services from a fixed base situated therein, and the royalties are attributable to such permanent establishment or fixed base. In such case the provisions of Article 7 (Business profits) or Article 14 (Independent personal services), as the case may be, shall apply. 4. Where, by reason of a special relationship between the payer and the beneficial owner or between both of them and some other person, the amount of the royalties, having regard to the use, right, or information for which they are paid, exceeds the amount which would have been agreed upon by the payer and the beneficial owner in the absence of such relationship, the provisions of this Article shall apply only to the last- mentioned amount. In such case, the excess part of the payments shall remain taxable according to the laws of each Contracting State, due regard being had to the other provisions of this Convention. Article 13 Gains 1. Gains derived by a resident of a Contracting State from the disposition of real property situated in the other Contracting State may be taxed in that other State. 2. For purposes of paragraph 1
9. a)the term "real property situated in the other Contracting State", where the United States is the other Contracting State, includes real property referred to in Article 6 (Income from real property) which is situated in the United States, a United States real property interest, and an interest in a partnership, trust or estate, to the extent attributable to a United States real property interest situated in the United States;
10. b)the term "real property situated in the other Contracting State", where Sweden is the other Contracting State, includes property that is real property under the law of Sweden situated in Sweden, and, without limiting the foregoing, shall include (
11. i)real property referred to in Article 6 which is situated in Sweden; and (
12. ii)shares or similar rights in a company the assets of which consist, directly or indirectly, mainly of such real property. 3. Gains from the disposition of movable property which are attributable to a permanent establishment which an enterprise of a Contracting State has in the other Contracting State, or which are attributable to a fixed base available to a resident of a Contracting State in the other Contracting State for the purpose of performing independent personal services, and gains from the disposition of such a permanent establishment (alone or with the whole enterprise) or such a fixed base, may be taxed in that other State. 4. Gains derived by an enterprise of a Contracting State from the disposition of ships or aircraft operated by the enterprise in international traffic or movable property attributable to the operation of such ships or aircraft shall be taxable only in that State. The provisions of this paragraph shall apply to gains derived by the air transport consortium Scandinavian Airlines System (SAS), but only to such part of the gains as corresponds to the participation held in that consortium by AB Aerotransport (ABA), the Swedish partner of Scandinavian Airlines System (SAS). Gains derived by an enterprise of a Contracting State from the disposition of containers used in international traffic and movable property attributable to the operation of such containers (including trailers, barges, and related equipment for the transport of containers) shall be taxable only in that State. 5. Gains described in Article 12 (Royalties) shall be taxable only in accordance with the provisions of Article 12. 6. Except as provided in paragraph 7, gains from the disposition of any property other than property referred to in paragraphs 1 through 5 shall be taxable only in the Contracting State of which the person disposing of the property is resident. 7. In the case of an individual who had been a resident of Sweden and who has become a resident of the United States, the provisions of paragraph 6 shall not affect the right of Sweden to tax gains from the disposition of any property derived by such individual at any time during the ten years following the date on which the individual has ceased to be a resident of Sweden. Article 14 Independent personal services Income derived by an individual who is a resident of a Contracting State from the performance of personal services in an independent capacity shall be taxable only in that State. However, such income may also be taxed in the other Contracting State to the extent that such services are or were performed in that other State and the income is attributable to a fixed base regularly available to the individual in that other State for the purpose of performing his activities. Article 15 Dependent personal services 1. Subject to the provisions of Articles 16 (Directors' fees), 19 (Pensions and annuities) and 20 (Government service), salaries, wages and other similar remuneration derived by a resident of a Contracting State in respect of an employment shall be taxable only in that State unless the employment is exercised in the other Contracting State. If the employment is so exercised, such remuneration as is derived therefrom may be taxed in that other State. 2. Notwithstanding the provisions of paragraph 1, remuneration derived by a resident of a Contracting State in respect of an employment exercised in the other Contracting State shall be taxable only in the first-mentioned State if
13. a)the recipient is present in the other State for a period or periods not exceeding in the aggregate 183 days in any consecutive twelve month period;
14. b)the remuneration is paid by, or on behalf of, an employer who is not a resident of the other State; and
15. c)the remuneration is not borne by a permanent establishment or a fixed base which the employer has in the other State. 3. Notwithstanding the preceding provisions of this Article, remuneration derived by a resident of a Contracting State in respect of an employment as a member of the regular complement of a ship or aircraft operated in international traffic, including an aircraft operated in international traffic by the air transport consortium Scandinavian Airlines System (SAS), shall be taxable only in that State, except that remuneration derived in respect of an employment as a member of the regular complement of a ship operated in international traffic by a Swedish enterprise may be taxed in Sweden. Article 16 Directors' fees Directors' fees derived by a resident of a Contracting State in his capacity as a member of the board of directors of a company which is a resident of the other Contracting State may be taxed in that other State. However, such fees shall be taxable only in the first-mentioned Contracting State to the extent such fees are derived in respect of services performed in that State. Article 17 Limitation on benefits 1. A resident of a Contracting State shall be entitled to benefits otherwise accorded to residents of a Contracting State by this Convention only to the extent provided in this Article. 2. A resident of a Contracting State shall be entitled to all the benefits of this Convention if the resident is:
16. a)an individual;
17. b)a Contracting State or any political subdivision or local authority thereof;
18. c)a company, if:
19. i)its principal class of shares (and any disproportionate class of shares) is regularly traded on one or more recognized stock exchanges, and either A) its principal class of shares is primarily traded on a recognized stock exchange located in the Contracting State of which the company is a resident (or, in the case of a company resident in Sweden, on a recognized stock exchange located within the European Union or in any other European Economic Area state or in Switzerland or, in the case of a company resident in the United States, on a recognized stock exchange located in another state that is a party to the North American Free Trade Agreement); or B) the company's primary place of management and control is in the Contracting State of which it is a resident; or
20. ii)at least 50 percent of the aggregate voting power and value of the shares (and at least 50 percent of any disproportionate class of shares) in the company are owned directly or indirectly by five or fewer companies entitled to benefits under clause
21. i)of this subparagraph, provided that, in the case of indirect ownership, each intermediate owner is a resident of either Contracting State;
22. d)a person described in subparagraph
23. c)of paragraph 1 of Article 4 (Residence), provided that, in the case of a person described in clause
24. ii)of that subparagraph, either: (
25. i)more than 50 percent of the person's beneficiaries, members or participants are individuals resident in either Contracting State; or (
26. ii)the organization sponsoring such person is entitled to the benefits of this Convention pursuant to this Article; or
27. e)a person other than an individual, if:
28. i)on at least half the days of the taxable year at least 50 percent of each class of shares or other beneficial interests in the person is owned, directly or indirectly, by residents of the Contracting State of which that person is a resident that are entitled to the benefits of this Convention under subparagraph a), subparagraph b), clause
29. i)of subparagraph c), or subparagraph
30. d)of this paragraph; and
31. ii)less than 50 percent of the person's gross income for the taxable year, as determined in the person's State of residence, is paid or accrued, directly or indirectly, to persons who are not residents of either Contracting State entitled to the benefits of this Convention under subparagraph a), subparagraph b), clause
32. i)of subparagraph c), or subparagraph
33. d)of this paragraph in the form of payments that are deductible for purposes of the taxes covered by this Convention in the person's State of residence (but not including arm's length payments in the ordinary course of business for services or tangible property and payments in respect of financial obligations to a bank that is not related to the payor). 3. A company that is a resident of a Contracting State shall also be entitled to the benefits of the Convention if:
34. a)at least 95 percent of the aggregate voting power and value of its shares (and at least 50 percent of any disproportionate class of shares) is owned, directly or indirectly, by seven or fewer persons that are equivalent beneficiaries; and
35. b)less than 50 percent of the company's gross income, as determined in the company's State of residence, for the taxable year is paid or accrued, directly or indirectly, to persons who are not equivalent beneficiaries, in the form of payments (but not including arm's length payments in the ordinary course of business for services or tangible property and payments in respect of financial obligations to a bank that is not related to the payor), that are deductible for the purposes of the taxes covered by this Convention in the company's State of residence. 4.
36. a)A resident of a Contracting State will be entitled to benefits of the Convention with respect to an item of income derived from the other Contracting State, regardless of whether the resident is entitled to benefits under paragraph 2 or 3, if the resident is engaged in the active conduct of a trade or business in the first-mentioned State (other than the business of making or managing investments for the resident's own account, unless these activities are banking, insurance, or securities activities carried on by a bank, insurance company or registered securities dealer), and the income derived from the other Contracting State is derived in connection with, or is incidental to, that trade or business.
37. b)If a resident of a Contracting State or any of its associated enterprises carries on a trade or business activity in the other Contracting State which gives rise to an item of income, subparagraph
38. a)of this paragraph shall apply to such item only if the trade or business activity in the first- mentioned State is substantial in relation to the trade or business activity in the other State. Whether a trade or business activity is substantial for purposes of this paragraph will be determined based on all the facts and circumstances.
39. c)In determining whether a person is "engaged in the active conduct of a trade or business" in a Contracting State under subparagraph
40. a)of this paragraph, activities conducted by persons connected to such person shall be deemed to be conducted by such person. A person shall be connected to another if one possesses at least 50 percent of the beneficial interest in the other (or, in the case of a company, at least 50 percent of the aggregate voting power and at least 50 percent of the aggregate value of the shares in the company or of the beneficial equity interest in the company) or another person possesses, directly or indirectly, at least 50 percent of the beneficial interest (or, in the case of a company, at least 50 percent of the aggregate voting power and at least 50 percent of the aggregate value of the shares in the company or of the beneficial equity interest in the company) in each person. In any case, a person shall be considered to be connected to another if, based on all the relevant facts and circumstances, one has control of the other or both are under the control of the same person or persons. 5. Notwithstanding the preceding provisions of this Article, where an enterprise of Sweden derives insurance premiums, interest, or royalties from the United States, and, pursuant to a tax convention between Sweden and a third state, the income consisting of such premiums, interest, or royalties is exempt from taxation in Sweden because it is attributable to a permanent establishment which that enterprise has in that third state, the tax benefits that would otherwise apply under the other provisions of the Convention will not apply to such income if the tax that is actually paid with respect to such income in the third state is less than 60 percent of the tax that would have been payable in Sweden if the income were earned in Sweden by the enterprise and were not attributable to the permanent establishment in the third state. Any interest or royalties to which the provisions of this paragraph apply may be taxed in the United States at a rate that shall not exceed 15 percent of the gross amount thereof. Any insurance premiums to which the provisions of this paragraph apply will be subject to tax under the provisions of the domestic law of the United States, notwithstanding any other provision of the Convention. The provisions of this paragraph shall not apply if:
41. a)in the case of interest, as defined in Article 11 (Interest), the income from the United States is derived in connection with, or is incidental to, the active conduct of a trade or business carried on by the permanent establishment in the third state (other than the business of making, managing, or simply holding investments for the enterprise's own account, unless these activities are banking, or securities activities carried on by a bank, or registered securities dealer); or
42. b)in the case of royalties, as defined in Article 12 (Royalties), the royalties are received as compensation for the use of, or the right to use, intangible property produced or developed by the permanent establishment itself. 6. A resident of a Contracting State that is not entitled to benefits pursuant to the preceding paragraphs of this Article shall, nevertheless, be granted benefits of the Convention if the competent authority of the other Contracting State determines that the establishment, acquisition, or maintenance of such person and the conduct of its operations did not have as one of its principal purposes the obtaining of benefits under the Convention. The competent authority of the other Contracting State shall consult with the competent authority of the first-mentioned State before denying the benefits of the Convention under this paragraph. 7. For the purposes of this Article:
43. a)the term "principal class of shares" means the ordinary or common shares of the company, provided that such class of shares represents the majority of the voting power and value of the company. If no single class of ordinary or common shares represents the majority of the aggregate voting power and value of the company, the "principal class of shares" are those classes that in the aggregate represent a majority of the aggregate voting power and value of the company;
44. b)the term "disproportionate class of shares" means any class of shares of a company resident in a Contracting State that entitles the shareholder to disproportionately higher participation, through dividends, redemption payments, or otherwise, in the earnings generated in the other Contracting State by particular assets or activities of the company when compared to its participation in overall assets or activities of such company;
45. c)the term "shares" shall include depository receipts thereof;
46. d)the term "recognized stock exchange" means:
47. i)the NASDAQ System owned by the National Association of Securities Dealers, Inc. and any stock exchange registered with the U.S. Securities and Exchange Commission as a national securities exchange under the U.S. Securities Exchange Act of 1934;
48. ii)the Stockholm Stock Exchange (Stockholmsbörsen), the Nordic Growth Market, and any other stock exchange subject to regulation by the Swedish Financial Supervisory Authority; iii) the Irish Stock Exchange and the stock exchanges of Amsterdam, Brussels, Copenhagen, Frankfurt, Hamburg, Helsinki, London, Madrid, Milan, Oslo, Paris, Reykjavik, Riga, Tallinn, Toronto, Vienna, Vilnius and Zurich; and
49. iv)any other stock exchanges agreed upon by the competent authorities of the Contracting States;
50. e)a class of shares is considered to be regularly traded on one or more recognized stock exchanges in a taxable year if the aggregate number of shares of that class traded on such stock exchange or exchanges during the preceding taxable year is at least 6 percent of the average number of shares outstanding in that class during that preceding taxable year;
51. f)a company's primary place of management and control will be in the Contracting State of which it is a resident only if executive officers and senior management employees exercise day-to-day responsibility for more of the strategic, financial, and operational policy decision making for the company (including its direct and indirect subsidiaries) in that State than in any other state, and the staffs conduct more of the day-to-day activities necessary for preparing and making those decisions in that State than in any other state;
52. g)the term "equivalent beneficiary" means a resident of a member state of the European Union or of any other European Economic Area state or of a party to the North American Free Trade Agreement, or of Switzerland, but only if that resident:
53. i)A) would be entitled to all the benefits of a comprehensive tax convention between any member state of the European Union or any other European Economic Area state or any party to the North American Free Trade Agreement, or Switzerland, and the State from which the benefits of this Convention are claimed under provisions analogous to subparagraph a), subparagraph b), clause
54. i)of subparagraph
55. c)or subparagraph
56. d)of paragraph 2, provided that if such convention does not contain a comprehensive limitation on benefits provision, the resident would be entitled to the benefits of this Convention by reason of subparagraph a), subparagraph b), clause
57. i)of subparagraph c), or subparagraph
58. d)of paragraph 2 if such person were a resident of one of the Contracting States under Article 4 (Residence); and B) with respect to insurance premiums and to income referred to in Article 10 (Dividends), 11 (Interest), or 12 (Royalties), would be entitled under such convention to a rate of tax with respect to the item of income for which benefits are being claimed under this Convention that is at least as low as the rate applicable under this Convention; or
59. ii)is a resident of a Contracting State that is entitled to the benefits of this Convention by reason of subparagraph a), subparagraph b), clause
60. i)of subparagraph c), or subparagraph
61. d)of paragraph 2;
62. h)with respect to dividends, interest, or royalties arising in Sweden and beneficially owned by a company that is a resident of the United States, a company that is a resident of a member state of the European Union will be treated as satisfying the requirements of subparagraph
63. g)
64. i)B) for purposes of determining whether such United States resident is entitled to benefits under this paragraph if a payment of dividends, interest, or royalties arising in Sweden and paid directly to such resident of a member state of the European Union would have been exempt from tax pursuant to any directive of the European Union, notwithstanding that the tax convention between Sweden and that other member state of the European Union would provide for a higher rate of tax with respect to such payment than the rate of tax applicable to such United States company under Article 10, 11, or 12. Article 18 Artistes and athletes 1. Notwithstanding the provisions of Articles 14 (Independent personal services) and 15 (Dependent personal services), income derived by a resident of a Contracting State as an entertainer, such as a theatre, motion picture, radio, or television artiste, or a musician, or as an athlete, from his personal activities as such exercised in the other Contracting State, may be taxed in that other State, except where the amount of the gross receipts derived by such entertainer or athlete, including expenses reimbursed to him or borne on his behalf, from such activities does not exceed six thousand United States dollars (6,000 $) or its equivalent in Swedish kronor for any 12 month period. 2. Where income in respect of activities exercised by an entertainer or an athlete in his capacity as such accrues not to the entertainer or athlete but to another person, that income of that other person may, notwithstanding the provisions of Articles 7 (Business profits) and 14, be taxed in the Contracting State in which the activities of the entertainer or athlete are exercised, unless it is established that neither the entertainer or athlete nor persons related thereto participate directly or indirectly in any profits of that other person in any manner, including the receipt of deferred remuneration, bonuses, fees, dividends, partnership distributions or other distributions. Article 19 Pensions and annuities 1. Subject to the provisions of Article 20 (Government service) and

this Article, pensions and other similar remuneration in consideration of past employment and annuities derived and beneficially owned by a resident of a Contracting State shall be taxable only in that Contracting State. 2. Notwithstanding the provisions

Article 20

, pensions (including the Swedish "allmän tilläggspension") and other benefits paid out under provisions of the social security or similar legislation of a Contracting State to a resident of the other Contracting State or a citizen of the United States shall be taxable only in the first-mentioned State. 3. The term "annuities" as used in this Article means a stated sum paid periodically at stated times during life or during a specified or ascertainable number of years, under an obligation to make the payments in return for adequate and full consideration (other than services rendered or to be rendered). 4.

1. a)In determining the taxable income of an individual who renders personal services and who is a resident of a Contracting State but not a national of that State, contributions paid by, or on behalf of, such individual to a pension or other retirement arrangement that is established and maintained and recognized for tax purposes in the other Contracting State shall be treated in the same way for tax purposes in the first-mentioned State as a contribution paid to a pension or other retirement arrangement that is established and maintained and recognized for tax purposes in that first- mentioned State, provided that: (
2. i)contributions were paid by, or on behalf of, such individual to such arrangement before he became a resident of the first-mentioned State; and (
3. ii)the competent authority of the first-mentioned State agrees that the pension or other retirement arrangement generally corresponds to a pension or other retirement arrangement recognized for tax purposes by that State.
4. b)A pension or other retirement arrangement is recognized for tax purposes in a State if the contributions to the arrangement would qualify for tax relief in that State. Article 20 Government service 1.
5. a)Remuneration, other than a pension, paid by a Contracting State or a political subdivision or a local authority thereof to an individual in respect of services rendered to that State or subdivision or authority shall be taxable only in that State.
6. b)However, such remuneration shall be taxable only in the other Contracting State if the services are rendered in that State and the individual is a resident of that State who (
7. i)is a citizen of that State; or (
8. ii)did not become a resident of that State solely for the purpose of rendering the services. 2.
9. a)Any pension paid by, or out of funds created by, a Contracting State or a political subdivision or a local authority thereof to an individual in respect of services rendered to that State or subdivision or authority shall be taxable only in that State.
10. b)However, such pension shall be taxable only in the other Contracting State if the individual is a resident of, and a citizen of, that State. 3. The provisions of Articles 14 (Independent personal services), 15 (Dependent personal services), 16 (Directors' fees), 18 (Artistes and athletes) and 19 (Pensions and annuities) shall apply to remuneration and pensions in respect of services rendered in connection with a business carried on by a Contracting State or a political subdivision or a local authority thereof. 4. Notwithstanding paragraph 2, Sweden shall not tax a pension, paid by the U.S. Government to Swedish citizens and residents (and those beneficiaries entitled to survivors benefits), if the relevant individual was hired prior to 1978 by the U.S. Government to work for the United States embassy in Stockholm or the United States consulate general in Gothenburg and was covered under the United States Civil Service Retirement pension plan. Article 21 Students and trainees Payments received for the purpose of maintenance, education, or training by a student, apprentice, or business trainee who is or was immediately before visiting a Contracting State a resident of the other Contracting State and who is present in the first-mentioned State for the purpose of his fulltime education or training shall not be taxed in that State, provided that such payments arise from sources outside that State. Article 22 Other income 1. Items of income of a resident of a Contracting State, wherever arising, not dealt with in the foregoing Articles of this Convention shall be taxable only in that State. 2. The provisions of paragraph 1 shall not apply to income, other than income from real property as defined in paragraph 2 of Article 6 (Income from real property), if the beneficial owner of the income, being a resident of a Contracting State, carries on business in the other Contracting State through a permanent establishment situated therein, or performs in that other State independent personal services from a fixed base situated therein, and the income is attributable to such permanent establishment or fixed base. In such case the provisions of Article 7 (Business profits) or Article 14 (Independent personal services), as the case may be, shall apply. Article 23 Relief from double taxation 1. In accordance with the provisions and subject to the limitations of the law of the United States (as it may be amended from time to time without changing the general principle hereof), the United States shall allow to a resident or citizen of the United States as a credit against the United States tax on income
11. a)the income tax paid to Sweden by or on behalf of such citizen or resident; and
12. b)in the case of a United States company owning at least 10 percent of the voting stock of a company which is a resident of Sweden and from which the United States company receives dividends, the income tax paid to Sweden by or on behalf of the distributing company with respect to the profits out of which the dividends are paid. For the purposes of this paragraph and paragraphs 3 and 4, the taxes referred to in paragraphs 1
13. b)and 2 of Article 2 (Taxes covered) shall be considered income taxes except for the taxes referred to in paragraphs 1
14. b)
15. v)and vi). 2.
16. a)Where a resident of Sweden derives income which may be taxed in the United States in accordance with the provisions of this Convention [except when income is taxed only in accordance with the provisions of paragraph 4 of Article 1 (Personal scope)], Sweden shall allow - subject to the provisions of the law of Sweden (as it may be amended from time to time without changing the general principle hereof) - as a deduction from Swedish tax on the income of that resident an amount equal to the income tax paid in the United States. The provisions of this subparagraph shall apply equally to the computation of tax on income of an individual resident of the United States from gains taxed in Sweden in accordance with paragraph 7 of Article 13 (Gains).
17. b)Where a resident of Sweden derives income which shall be taxable only in the United States in accordance with the provisions

Article 19

(Pensions and annuities) and Article 20 (Government service) Sweden may, when determining the graduated rate of Swedish tax, take into account the income which shall be taxable only in the United States.

1. c)Dividends paid by a company being a resident of the United States to a company which is a resident of Sweden shall be exempt from Swedish tax to the extent that the dividends would have been exempt under Swedish law if both companies had been Swedish companies. This provision shall not apply unless the profits out of which the dividends are paid have been subjected to the normal corporate tax in the United States. 3. Where a United States citizen or former citizen or former long-term resident is a resident of Sweden, the following rules shall apply
2. a)Sweden shall allow, subject to the provisions of the law of Sweden (as it may be amended from time to time without changing the general principle thereof), as a deduction from Swedish tax the income tax paid to the United States in respect of profits, income or gains which arise in the United States, except that such deduction shall not exceed the amount of the tax that would be paid to the United States according to this Convention if the resident were not a United States citizen or former citizen or former long-term resident;
3. b)for the purpose of computing the United States tax, the United States shall allow, subject to the limitations of the law of the United States (as it may be amended from time to time without changing the general principle hereof), as a credit against United States income tax the income tax paid or accrued to Sweden after the deduction referred to in subparagraph a), provided that the credit so allowed shall not reduce that portion of the United States tax that is deductible from Swedish tax in accordance with subparagraph a); and
4. c)for the purposes of subparagraph
5. b)profits, income or gains shall be deemed to arise in Sweden to the extent necessary to avoid double taxation of such income. 4. For the purposes of allowing relief from double taxation pursuant to this Article and subject to such source rules in the domestic laws of the Contracting States as apply for the purpose of limiting the foreign tax credit, income shall be deemed to arise exclusively as follows
6. a)income derived by a resident of a Contracting State shall be deemed to arise in the other Contracting State if it may be taxed in that other State in accordance with this Convention unless it is taxable in that other State solely by reason of (
7. i)citizenship or former citizenship or former long-term residency in accordance with paragraph 4 of Article 1 (Personal scope) or (
8. ii)former residency in accordance with paragraph 7 of Article 13;
9. b)income derived by a resident of a Contracting State which may not be taxed in the other Contracting State in accordance with the Convention shall be deemed to arise in the first- mentioned State. The rules of this paragraph shall not apply in determining credits against United States tax for foreign taxes other than the taxes referred to in paragraphs 1
10. b)and 2 of Article 2. Article 24 Non-discrimination 1. A citizen of a Contracting State or a legal person, partnership or association deriving its status as such from the laws in force in a Contracting State shall not be subjected in the other Contracting State to any taxation or any requirement connected therewith which is other or more burdensome than the taxation and connected requirements to which a citizen of that other State or a legal person, partnership or association deriving its status as such from the laws in force in that other State in the same circumstances is or may be subjected. This provision shall, notwithstanding the provisions of Article 1 (Personal scope), also apply to persons who are not residents of one or both of the Contracting States. However, for the purposes of United States tax, a United States citizen who is not a resident of the United States and a Swedish citizen who is not a resident of the United States are not in the same circumstances. 2. The taxation on a permanent establishment which an enterprise of a Contracting State has in the other Contracting State shall not be less favorably levied in that other State than the taxation levied on enterprises of that other State carrying on the same activities. This provision shall not be construed as obliging a Contracting State to grant to residents of the other Contracting State any personal allowances, reliefs, and reductions for taxation purposes on account of civil status or family responsibilities which it grants to its own residents. 3. Except where the provisions of paragraph 1 of Article 9 (Associated enterprises), paragraph 5 of Article 11 (Interest), or paragraph 4 of Article 12 (Royalties) apply, interest, royalties, and other disbursements paid by a resident of a Contracting State to a resident of the other Contracting State shall, for the purposes of determining the taxable profits of the first-mentioned resident, be deductible under the same conditions as if they had been paid to a resident of the first- mentioned State. Similarly, any debts of a resident of a Contracting State to a resident of the other Contracting State shall, for the purposes of determining the taxable capital of the first-mentioned resident, be deductible under the same conditions as if they had been contracted to a resident of the first-mentioned State. 4. Enterprises of a Contracting State, the capital of which is wholly or partly owned or controlled, directly or indirectly, by one or more residents of the other Contracting State, shall not be subjected in the first-mentioned State to any taxation or any requirement connected therewith which is other or more burdensome than the taxation and connected requirements to which other similar enterprises of the first-mentioned State are or may be subjected. 5. Nothing in this Article shall be construed as preventing imposition of a tax described in paragraph 9 of Article 10 (Dividends). 6. The provisions of this Article shall, notwithstanding the provisions of Article 2 (Taxes covered), apply to taxes of every kind and description imposed by a Contracting State or a political subdivision or local authority thereof. Article 25 Mutual agreement procedure 1. Where a person considers that the actions of one or both of the Contracting States result or will result for him in taxation not in accordance with the provisions of this Convention, he may, irrespective of the remedies provided by the domestic law of those States, present his case to the competent authority of the Contracting State of which he is a resident or citizen. 2. The competent authority shall endeavor, if the objection appears to it to be justified and if it is not itself able to arrive at a satisfactory solution, to resolve the case by mutual agreement with the competent authority of the other Contracting State, with a view to the avoidance of taxation which is not in accordance with the Convention. Any agreement reached shall be implemented notwithstanding any time limits or other procedural limitations in the domestic law of the Contracting States. 3. The competent authorities of the Contracting States shall endeavor to resolve by mutual agreement any difficulties or doubts arising as to the interpretation or application of the Convention. In particular the competent authorities of the Contracting States may agree on
11. a)the attribution of income, deductions, credits, or allowances of an enterprise of a Contracting State to its permanent establishment situated in the other Contracting State;
12. b)the allocation of income, deductions, credits, or allowances between persons;
13. c)the characterization of particular items of income;
14. d)the application of source rules with respect to particular items of income; and
15. e)a common meaning of a term. They may also consult together for the elimination of double taxation in cases not provided for in the Convention. 4. The competent authorities of the Contracting States may communicate with each other directly for the purpose of reaching an agreement in the sense of the preceding paragraphs. Article 26 Exchange of information 1. The competent authorities of the Contracting States shall exchange such information as is necessary for carrying out the provisions of this Convention or of the domestic laws of the Contracting States concerning taxes covered by the Convention insofar as the taxation thereunder is not contrary to the Convention. The exchange of information is not restricted by Article 1 (Personal scope). Any information received by a Contracting State shall be treated as secret in the same manner as information obtained under the domestic laws of that State and shall be disclosed only to persons or authorities (including courts and administrative bodies) involved in the assessment, collection, or administration of, the enforcement or prosecution in respect of, or the determination of appeals in relation to, the taxes covered by the Convention. Such persons or authorities shall use the information only for such purposes. They may disclose the information in public court proceedings or in judicial decisions. 2. In no case shall the provisions of paragraph 1 be construed so as to impose on a Contracting State the obligation
16. a)to carry out administrative measures at variance with the laws and administrative practice of that or of the other Contracting State;
17. b)to supply information which is not obtainable under the laws or in the normal course of the administration of that or of the other Contracting State;
18. c)to supply information which would disclose any trade, business, industrial, commercial, or professional secret or trade process, or information the disclosure of which would be contrary to public policy (ordre public). 3. If information is requested by a Contracting State in accordance with this Article, the other Contracting State shall obtain the information to which the request relates in the same manner and to the same extent as if the tax of the first- mentioned State were the tax of that other State and were being imposed by that other State. If specifically requested by the competent authority of a Contracting State, the competent authority of the other Contracting State shall provide information under this Article in the form of depositions of witnesses and authenticated copies of unedited original documents (including books, papers, statements, records, accounts, and writings), to the same extent such depositions and documents can be obtained under the laws and administrative practices of that other State with respect to its own taxes. 4. The competent authorities may by mutual agreement settle the mode of application of the preceding paragraphs of this Article. Such agreements may include but need not be limited to procedures for implementing routine, spontaneous and industrywide exchanges of information, information exchanges on request, simultaneous tax examinations and such other methods of exchanging information as may be necessary or appropriate to carry out the purposes of paragraph 1. 5. For the purposes of this Article, the Convention shall apply, notwithstanding the provisions of Article 2 (Taxes covered), to taxes of every kind imposed by a Contracting State. Article 27 Administrative assistance 1. The Contracting States undertake to lend assistance and support to each other in the collection of the taxes to which this Convention applies, together with interest, costs, and additions to such taxes. 2. In the case of applications for enforcement of taxes, revenue claims of each of the Contracting States which have been finally determined may be accepted for enforcement by the other Contracting State and may be collected in that State in accordance with the laws applicable to the enforcement and collection of its own taxes. 3. Any application shall include a certification that under the laws of the State making the application the taxes have been finally determined. 4. The assistance provided for in this Article shall not be accorded with respect to the citizens, companies, or other entities of the State to which the application is made, except as is necessary to insure that the exemption or reduced rate of tax granted under this Convention to such citizens, companies, or other entities shall not be enjoyed by persons not entitled to such benefits. 5. This Article shall not impose upon either of the Contracting States the obligation to carry out administrative measures which are of a different nature from those used in the collection of its own taxes, or which would be contrary to its sovereignty, security, or public policy. Article 28 Diplomatic agents and consular officers Nothing in this Convention shall affect the fiscal privileges of diplomatic agents or consular officers under the general rules of international law or under the provisions of special agreements. Article 29 Entry into force 1. This Convention shall be subject to ratification in accordance with the applicable procedures of each Contracting State and instruments of ratification shall be exchanged at Washington as soon as possible. 2. The Convention shall enter into force upon the exchange of instruments of ratification and its provisions shall have effect
19. a)in the case of the United States (
20. i)in respect of taxes withheld at source, for amounts paid or credited on or after the first day of January next following the date on which the Convention enters into force; (
21. ii)in respect of other taxes, for taxable years beginning on or after the first day of January next following the date on which the Convention enters into force; and
22. b)in the case of Sweden (
23. i)in respect of taxes on income, for income derived on or after the first day of January next following the date on which the Convention enters into force; (
24. ii)in respect of the State capital tax, for tax which is assessed in or after the second calendar year following that in which the Convention enters into force; (iii) in respect of the excise tax imposed on insurance premiums paid to foreign insurers, for premiums paid on or after the first day of January next following the date on which the Convention enters into force. 3. Upon the coming into effect of this Convention, the Convention and accompanying Protocol between the Government of the United States of America and the Kingdom of Sweden for the avoidance of double taxation and the establishment of rules of reciprocal administrative assistance in the case of income and other taxes, signed at Washington on March 23, 1939, as modified by a Supplementary Convention signed at Stockholm on October 22, 1963, shall terminate. The provisions of the 1939 Convention, as modified, shall cease to have effect with respect to the United States and Sweden from the date on which the corresponding provisions of this Convention shall, for the first time, have effect according to the provisions

this Article. With regard to the Swedish State capital tax, the 1939 Convention shall be applied for the last time for tax assessed the first year after the year in which this Convention enters into force. Article 30 Termination This Convention shall remain in force until terminated by a Contracting State. Either Contracting State may terminate the Convention at any time after 5 years from the date on which the Convention enters into force, provided that at least 6 months prior notice of termination has been given through diplomatic channels. In such event, the Convention shall cease to have effect

1. a)in the case of the United States (
2. i)in respect of taxes withheld at source, for amounts paid or credited on or after the first day of January next following the expiration of the 6 months period; (
3. ii)in respect of other taxes, for taxable years beginning on or after the first day of January next following the expiration of the 6 months period; and
4. b)in the case of Sweden (
5. i)in respect of taxes on income, for income derived on or after the first day of January next following the expiration of the 6 months period; (
6. ii)in respect of the State capital tax, for tax which is assessed in or after the second calendar year following the expiration of the 6 months period; (iii) in respect of the excise tax imposed on insurance premiums paid to foreign insurers, for premiums paid on or after the first day of January next following the expiration of the 6 months period. IN WITNESS WHEREOF, the undersigned, being duly authorized by their respective governments, have signed the Convention. DONE at Stockholm, in duplicate, in the English language, this first day of September, 1994. FOR THE GOVERNMENT OF SWEDEN Bo Lundgren FOR THE GOVERNMENT OF THE UNITED STATES OF AMERICA Thomas L. Siebert I have the honor to refer to the Convention between the Government of the United States of America and the Government of Sweden for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, which was signed today, and to confirm, on behalf of the Government of the United States of America, the following understandings reached between our two Governments. 1. Scandinavian Airlines System (SAS) is a consortium within the meaning of Article 8 (Shipping and Air Transport), its participating members being Det Danske Luftfartsselskab A/S (DDL), Det Norske Luftfartsselskap A/S (DNL), and AB Aerotransport (ABA). In order to avoid the problems inherent in operating in the United States through a consortium, the members of the consortium in 1946 established a New York corporation, Scandinavian Airlines of North America Inc. (SANA Inc.) - originally under the name Scandinavian Airlines System, Inc. - to act on their behalf in the United States pursuant to an agency agreement dated September 18, 1946. A similar agreement was entered into by SAS directly and SANA Inc. on March 14, 1951 and revised on August 4, 1970. Pursuant to the agency agreement, SANA Inc. is authorized to perform only such functions as SAS assigns to it, all in connection with international air traffic. Under that agreement, all revenues collected by SANA Inc. are automatically credited to SAS. Operating expenses incurred by SANA Inc. are debited to SAS in accordance with the terms of the agency agreement. SAS is obligated under the terms of the agency agreement to reimburse SANA Inc. for all of its expenses irrespective of the revenues of SANA Inc. SANA Inc. does not perform any functions except those connected with or incidental to the business of SAS as an operator of aircraft in international traffic. In view of the special nature of the SAS consortium and in view of the agency agreement as described above, the United States for purposes of Article 8 (Shipping and Air Transport) of the Convention signed today shall treat all of the income earned by SANA Inc. which is derived from the operation in international traffic of aircraft as the income of the SAS consortium. 2. It is understood that the reference in paragraph 2 of Article 19 (Pensions and Annuities) to legislation similar to the social security legislation of a Contracting State is intended, in the case of the United States, to refer to tier 1 Railroad Retirement benefits. If this is in accordance with your understanding, I would appreciate an acknowledgment from you to that effect. Accept, Excellency, the renewed assurances of my highest consideration. Dated at Stockholm, 1 September, 1994 For the Secretary of State: Mr. Thomas L. Siebert Ambassador Extraordinary and Plenipotentiary of the United States of America I have the honor to acknowledge the receipt of your letter of 1 September, 1994 which reads as follows: "I have the honor - - - assurances of my highest consideration." I have the honor to confirm, on behalf of the Government of Sweden, that the treatment of Scandinavian Airlines of North America Inc. and of tier 1 Railroad Retirement benefits as specified by you, is in accordance with our understanding. Accept, Excellency, the renewed assurances of my highest consideration. Dated at Stockholm, 1 September, 1994 Bo Lundgren I have the honor to refer to the Protocol amending the Convention between the Government of the United States of America and the Government of Sweden for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, which was signed today, and to confirm, on behalf of the Government of the United States of America, the following understandings reached between our two Governments. 1. With reference to clause
7. ii)of subparagraph e)

Article 17

(Limitation on Benefits) of the Convention It is understood that in applying clause ii) of subparagraph e)

Article 17

(Limitation on Benefits) in the case of Sweden the amount of a person's deductible payments and gross income for the taxable year shall be reduced by the amount of group contributions paid to a Swedish resident or Swedish permanent establishment.

1. With reference to paragraph 6 of Article 17 (Limitation on Benefits) of the Convention It is understood that in applying paragraph 6 of Article 17 (Limitation on Benefits), the legal requirements for the facilitation of the free flow of capital and persons within the European Union, together with the differing internal income tax systems, tax incentive regimes, and existing tax treaty policies among member states of the European Union, will be considered. Under that paragraph, the competent authority is instructed to consider as its guideline whether the establishment, acquisition or maintenance of a company or the conduct of its operations has or had as one of its principal purposes the obtaining of benefits under this Convention. The competent authority may, therefore, determine, under a given set of facts, that a change in circumstances that would cause a company to cease to qualify for treaty benefits under paragraphs 2 and 3 of Article 17 need not necessarily result in a denial of benefits. Such changed circumstances may include a change in the state of residence of a major shareholder of a company, the sale of part of the stock of a Swedish company to a person resident in another member state of the European Union, or an expansion of a company's activities in other member states of the European Union, all under ordinary business conditions. The competent authority will consider these changed circumstances (in addition to other relevant factors normally considered under paragraph 6 of Article 17) in determining whether such a company will remain qualified for treaty benefits with respect to income received from United States sources. If these changed circumstances are not attributable to tax avoidance motives, this also will be considered by the competent authority to be a factor weighing in favor of continued qualification under paragraph 6 of Article
3. With reference to Article 26 (Exchange of Information) of the Convention It is understood that the powers of each Contracting State's competent authorities to obtain information include powers to obtain information held by financial institutions, nominees, or persons acting in an agency or fiduciary capacity (not including information that would reveal confidential communications between a client and an attorney, solicitor or other legal representative, where the client seeks legal advice), and information relating to the ownership of legal persons, and that each Contracting State's competent authority is able to exchange such information in accordance with the Article. If this is in accordance with your understanding, I would appreciate an acknowledgment from you to that effect. Accept, Excellency, the renewed assurances of my highest consideration. Dated at Washington, September 30, 2005 E. Anthony Wayne I have the honor to acknowledge the receipt of your letter of September 30, 2005 which reads as follows: "I have the honor - - - assurances of my highest consideration." I have the honor to confirm, on behalf of the Government of Sweden, that the references to clause ii) of subparagraph e)

Article 17

, paragraph 6 of Article 17 and Article 26, as specified by you, is in accordance with our understanding. Accept, Excellency, the renewed assurances of my highest consideration. Dated at Washington, September 30, 2005 Gunnar Lund AVTAL MELLAN SVERIGES REGERING OCH AMERIKAS FÖRENTA STATERS REGERING FÖR UNDVIKANDE AV DUBBELBESKATTNING OCH FÖRHINDRANDE AV SKATTEFLYKT BETRÄFFANDE SKATTER PÅ INKOMST Sveriges regering och Amerikas förenta staters regering som önskar ingå ett avtal för undvikande av dubbelbeskattning och förhindrande av skatteflykt beträffande skatter på inkomst, har kommit överens om följande: Artikel 1 Personer på vilka avtalet tillämpas 1. Om inte annat anges i detta avtal, tillämpas avtalet på personer som har hemvist i en avtalsslutande stat eller i båda de avtalsslutande staterna. 2. Avtalet begränsar inte på något sätt sådant undantag från beskattning, sådan skattebefrielse, sådant avdrag vid beskattning, sådan avräkning av skatt eller sådan annan skattenedsättning som nu medges eller senare kommer att medges

1. a)enligt lagstiftningen i endera avtalsslutande staten; eller
2. b)enligt annan överenskommelse mellan de avtalsslutande staterna. 3. Utan hinder av bestämmelserna i punkt 2
3. b)skall följande gälla:
4. a)Utan hinder av annat avtal som de avtalsslutande staterna ingått, skall en tvist om huruvida en åtgärd skall anses falla inom ramen för detta avtals tillämpningsområde avgöras endast av de behöriga myndigheterna i de avtalsslutande staterna, som anges i punkt 1
5. e)i artikel 3 i detta avtal, och de förfaranden som föreskrivs i detta avtal skall uteslutande användas avseende denna tvist.
6. b)Såvida inte de behöriga myndigheterna kommer överens om att en beskattningsåtgärd inte skall anses falla inom ramen för detta avtals tillämpningsområde, skall uteslutande de åtaganden i detta avtal som avser förbud mot diskriminering tillämpas på sådan åtgärd, utom såvitt avser sådan förpliktelse till nationell likabehandling eller mestgynnadnationsbehandling som gäller för varuhandeln enligt GATT. Inga förpliktelser till nationell likabehandling eller mest-gynnad-nationsbehandling enligt något annat avtal skall tillämpas såvitt avser sådan åtgärd.
7. c)Med uttrycket "åtgärd" förstås i denna punkt lagstiftning, föreskrift, regel, förfarande, beslut, administrativ handling eller varje annan form av åtgärd. 4. Utan hinder av bestämmelserna i avtalet, utom punkt 5, får Förenta staterna beskatta person som enligt artikel 4 har hemvist där och, på grund av medborgarskap, person som är medborgare i Förenta staterna, som om avtalet inte hade gällt. Utan hinder av övriga bestämmelser i detta avtal får en person som tidigare varit medborgare eller långvarigt bosatt i Förenta staterna beskattas i enlighet med lagstiftningen i Förenta staterna under en period av tio år efter det att denna status upphörde. 5. Bestämmelserna i punkt 4 påverkar inte
8. a)de förmåner som Förenta staterna medger enligt artikel 9 punkt 2, artikel 19 punkt 2 och enligt artiklarna 23, 24 och 25, samt
9. b)de förmåner som Förenta staterna enligt artiklarna 20, 21 och 28 medger fysiska personer som varken är medborgare eller har immigrantstatus i Förenta staterna. 6. Inkomst eller vinst som förvärvas av eller genom en person vars inkomst enligt lagstiftningen i endera avtalsslutande staten är föremål för delägarbeskattning, skall anses förvärvad av en person med hemvist i en av staterna till den del som inkomsten eller vinsten, enligt skattelagstiftningen i denna stat, behandlas som inkomst eller vinst hos en person med hemvist i staten i fråga. Artikel 2 Skatter som omfattas av avtalet 1. De för närvarande utgående skatter, på vilka avtalet tillämpas är:
10. a)i Förenta staterna: de federala inkomstskatter som utgår enligt "Internal Revenue Code" [med undantag för skatten på uppsamlade vinstmedel ("the accumulated earnings tax"), skatten på icke utdelade vinstmedel i förvaltningsbolag ("the personal holding company tax") och socialförsäkringsskatter ("social security taxes")] samt punktskatterna på försäkringspremier som betalas till utländsk försäkringsgivare och på privata stiftelser. Avtalet tillämpas dock i fråga om punktskatterna på försäkringspremier som betalas till utländska försäkringsgivare endast i den mån de risker som täcks av premierna inte återförsäkras hos person som inte är berättigad till de förmåner som medges enligt detta avtal eller annat avtal som undantar dessa skatter, samt
11. b)i Sverige: 1) den statliga inkomstskatten, 2) kupongskatten, 3) den särskilda inkomstskatten för utomlands bosatta, 4) den särskilda inkomstskatten för utomlands bosatta artister m.fl., 5) vid tillämpningen av punkt 3 i denna artikel, den statliga förmögenhetsskatten, 6) skatten på vissa premiebetalningar som betalas till utländska försäkringsgivare, och 7) den kommunala inkomstskatten. 2. Avtalet tillämpas även på skatter av samma eller i huvudsak likartat slag som efter undertecknandet av avtalet påförs vid sidan av eller i stället för de ovan angivna skatterna. De behöriga myndigheterna i de avtalsslutande staterna skall meddela varandra de väsentliga ändringar som vidtagits i respektive skattelagstiftning och om officiellt publicerat material av väsentlig betydelse för avtalets tillämpning, däri inbegripet förklaringar, föreskrifter, domstolsutslag och andra rättsliga avgöranden. 3. Den svenska statliga förmögenhetsskatten skall beträffande följande personer utgå endast i fråga om fast egendom belägen i Sverige och lös egendom hänförlig till fast driftställe som sådan person har i Sverige eller till en stadigvarande anordning som står till sådan persons förfogande i Sverige för självständig yrkesutövning:
12. a)person med hemvist i Förenta staterna (i enlighet med artikel 4) som är medborgare i Förenta staterna utan att samtidigt vara medborgare i Sverige,
13. b)person med hemvist i Förenta staterna (i enlighet med artikel 4) som - antingen han är medborgare i Förenta staterna eller inte - har haft hemvist i Förenta staterna under tre på varandra närmast följande år före det första beskattningsår under vilket bestämmelserna i avtalet skall tillämpas, och under varje beskattningsår därefter,
14. c)medborgare i Förenta staterna, som inte är medborgare i Sverige, som tillfälligt vistas i Sverige under en period som inte överstiger två år, och som har, eller omedelbart före vistelsen hade, hemvist i Förenta staterna (i enlighet med artikel 4),
15. d)dödsboet efter sådan person som anges i a),
16. b)eller c), eller
17. e)bolag med hemvist i Förenta staterna (i enlighet med artikel 4). Artikel 3 Allmänna definitioner 1. Om inte sammanhanget föranleder annat, har vid tillämpningen av detta avtal följande uttryck nedan angiven betydelse:
18. a)"person" inbegriper fysisk person, dödsbo, "trust", handelsbolag, bolag och annan personsammanslutning,
19. b)"bolag" åsyftar den som vid inkomstbeskattningen behandlas som juridisk person,
20. c)"företag i en avtalsslutande stat" och "företag i den andra avtalsslutande staten" åsyftar företag som bedrivs av person med hemvist i en avtalsslutande stat, respektive företag som bedrivs av person med hemvist i den andra avtalsslutande staten,
21. d)"internationell trafik" åsyftar transport med skepp eller luftfartyg utom då transporten sker uteslutande mellan platser i en avtalsslutande stat,
22. e)"behörig myndighet" åsyftar: 1) i Förenta staterna, "the Secretary of the Treasury" eller dennes befullmäktigade ombud, och 2) i Sverige, finansministern eller dennes befullmäktigade ombud eller den myndighet åt vilken uppdragits att vara behörig myndighet enligt detta avtal,
23. f)"Förenta staterna" åsyftar Amerikas förenta stater, men omfattar inte Puerto Rico, Jungfruöarna, Guam eller annan besittning eller annat område som tillhör Förenta staterna. Uttrycket omfattar Förenta staternas territorialvatten samt havsbottnen och dennas underlag i de områden under vattnet som gränsar till Förenta staternas territorialvatten över vilka områden Amerikas förenta stater i överensstämmelse med folkrättens regler utövar suveräna rättigheter i fråga om utforskning och utnyttjande av områdenas naturtillgångar,
24. g)"Sverige" åsyftar Konungariket Sverige och, när uttrycket används i geografisk bemärkelse, Sveriges territorium, dess territorialvatten liksom de andra havsområden över vilka Sverige i överensstämmelse med folkrättens regler utövar suveräna rättigheter eller jurisdiktion. 2. Då en avtalsslutande stat tillämpar detta avtal anses, såvida inte sammanhanget föranleder annat eller de behöriga myndigheterna i enlighet med bestämmelserna i artikel 25 träffar överenskommelse om uttryckets innebörd, varje uttryck, som inte definierats i avtalet, ha den betydelse som uttrycket har enligt den statens lagstiftning i fråga om sådana skatter på vilka avtalet tillämpas. Artikel 4 Hemvist 1.
25. a)Vid tillämpningen av detta avtal förstås med uttrycket "person med hemvist i en avtalsslutande stat" person som enligt lagstiftningen i denna stat är skattskyldig där på grund av domicil, bosättning, plats för företagsledning, bolagsbildning eller annan liknande omständighet. Uttrycket inbegriper även denna stat samt dess politiska underavdelningar och lokala myndigheter. Uttrycket inbegriper emellertid inte person som är skattskyldig i denna stat endast för inkomst från källa i denna stat eller endast för inkomst som är hänförlig till ett fast driftställe i denna stat.
26. b)En medborgare i Förenta staterna eller en utlänning som har erhållit tillstånd enligt lag att varaktigt uppehålla sig i Förenta staterna, har hemvist i Förenta staterna, men endast i det fall sådan person uppehåller sig under betydande tid, har en permanent bostad eller vistas stadigvarande i Förenta staterna. Om en sådan person har hemvist även i Sverige enligt denna punkt, behandlas han också som person med hemvist i Förenta staterna enligt denna punkt och hans hemvist skall bestämmas enligt punkt 2.
27. c)Uttrycket "person med hemvist i en avtalsslutande stat" inbegriper en juridisk person som bildats enligt lagstiftningen i denna avtalsslutande stat och som är generellt undantagen från beskattning i denna stat samt är grundad i och administreras i denna stat antingen: 1) i uteslutande religiöst, välgörande, vetenskapligt, konstnärligt, kulturellt eller utbildningsfrämjande syfte, eller 2) för att tillhandahålla pensioner eller andra liknande pensionsförmåner enligt en pensionsplan. 2. Då på grund av bestämmelserna i punkt 1 en fysisk person har hemvist i båda de avtalsslutande staterna, bestäms hans hemvist på följande sätt:
28. a)han anses ha hemvist i den stat där han har en bostad som stadigvarande står till hans förfogande; om han har en sådan bostad i båda staterna, anses han ha hemvist i den stat med vilken hans personliga och ekonomiska förbindelser är starkast (centrum för levnadsintressena),
29. b)om det inte kan avgöras i vilken stat han har centrum för sina levnadsintressen eller om han inte i någondera staten har en bostad som stadigvarande står till hans förfogande, anses han ha hemvist i den stat där han stadigvarande vistas,
30. c)om han stadigvarande vistas i båda staterna eller om han inte vistas stadigvarande i någon av dem, anses han ha hemvist i den stat där han är medborgare,
31. d)om han är medborgare i båda staterna eller om han inte är medborgare i någon av dem, avgör de behöriga myndigheterna i de avtalsslutande staterna frågan genom ömsesidig överenskommelse. 3. Då på grund av bestämmelserna i punkt 1 ett bolag har hemvist i båda avtalsslutande staterna, anses bolaget i fråga, om det bildats enligt lagstiftningen i en avtalsslutande stat eller i en av dess politiska underavdelningar, ha hemvist endast i denna stat. 4. Då på grund av bestämmelserna i punkt 1 annan person än fysisk person och bolag har hemvist i båda avtalsslutande staterna, avgör de behöriga myndigheterna frågan genom ömsesidig överenskommelse. Artikel 5 Fast driftställe 1. Vid tillämpningen av detta avtal åsyftar uttrycket "fast driftställe" en stadigvarande plats för affärsverksamhet från vilken ett företags verksamhet helt eller delvis bedrivs. 2. Uttrycket "fast driftställe" innefattar särskilt:
32. a)plats för företagsledning,
33. b)filial,
34. c)kontor,
35. d)fabrik,
36. e)verkstad, och
37. f)gruva, olje- eller gaskälla, stenbrott eller annan plats för utvinning av naturtillgångar. 3. En plats för byggnads-, anläggnings- eller installationsverksamhet utgör fast driftställe endast om verksamheten pågår mer än tolv månader. Användningen i en avtalsslutande stat av installation, borrplattform eller skepp för att utforska eller utvinna naturtillgångar utgör fast driftställe endast om användningen pågår under mer än tolv månader. 4. Utan hinder av föregående bestämmelser i denna artikel anses uttrycket "fast driftställe" inte innefatta:
38. a)användningen av anordningar uteslutande för lagring, utställning eller utlämnande av företaget tillhöriga varor,
39. b)innehavet av ett företaget tillhörigt varulager uteslutande för lagring, utställning eller utlämnande,
40. c)innehavet av ett företaget tillhörigt varulager uteslutande för bearbetning eller förädling genom annat företags försorg,
41. d)innehavet av en stadigvarande plats för affärsverksamhet uteslutande för inköp av varor eller införskaffande av upplysningar för företaget,
42. e)innehavet av en stadigvarande plats för affärsverksamhet uteslutande för att för företaget bedriva annan verksamhet av förberedande eller biträdande art,
43. f)innehavet av en stadigvarande plats för affärsverksamhet uteslutande för att kombinera verksamheter som anges i punkterna a)-e). 5. Om en person, som inte är sådan oberoende representant på vilken punkt 6 tillämpas, är verksam för ett företag samt i en avtalsslutande stat har och där regelmässigt använder fullmakt att sluta avtal i företagets namn, anses detta företag - utan hinder av bestämmelserna i punkterna 1 och 2 - ha fast driftställe i denna stat i fråga om varje verksamhet som denna person bedriver för företaget. Detta gäller dock inte, om den verksamhet som denna person bedriver är begränsad till sådan som anges i punkt 4 och som - om den bedrevs från en stadigvarande plats för affärsverksamhet - inte skulle göra denna stadigvarande plats för affärsverksamhet till ett fast driftställe enligt bestämmelserna i nämnda punkt. 6. Företag anses inte ha fast driftställe i en avtalsslutande stat endast på den grund att företaget bedriver affärsverksamhet i denna stat genom förmedling av mäklare, kommissionär eller annan oberoende representant, under förutsättning att en sådan person därvid bedriver sin sedvanliga affärsverksamhet. 7. Den omständigheten att ett bolag med hemvist i en avtalsslutande stat kontrollerar eller kontrolleras av ett bolag med hemvist i den andra avtalsslutande staten eller ett bolag som bedriver affärsverksamhet i denna andra stat (antingen från fast driftställe eller på annat sätt), medför inte i och för sig att någotdera bolaget utgör fast driftställe för det andra. Artikel 6 Inkomst av fast egendom 1. Inkomst, som person med hemvist i en avtalsslutande stat förvärvar av fast egendom belägen i den andra avtalsslutande staten (däri inbegripen inkomst av lantbruk eller skogsbruk) får beskattas i denna andra stat. 2. Uttrycket "fast egendom" har den betydelse som uttrycket har enligt lagstiftningen i den avtalsslutande stat där egendomen är belägen. Uttrycket omfattar dock alltid tillbehör till fast egendom, levande och döda inventarier i lantbruk och skogsbruk, rättigheter på vilka bestämmelserna i privaträtten om fast egendom tillämpas, byggnader, nyttjanderätt till fast egendom samt rätt till föränderliga eller fasta ersättningar för nyttjandet av eller rätten att nyttja mineralförekomst, källa eller annan naturtillgång. Skepp, båtar och luftfartyg anses inte vara fast egendom. 3. Bestämmelserna i punkt 1 tillämpas på inkomst, som förvärvas genom omedelbart brukande, genom uthyrning eller genom annan användning av fast egendom. 4. Bestämmelserna i punkterna 1 och 3 tilllämpas även på inkomst av fast egendom som tillhör företag och inkomst av fast egendom som används vid självständig yrkesutövning. Artikel 7 Inkomst av rörelse 1. Inkomst av rörelse, som företag i en avtalsslutande stat förvärvar, beskattas endast i denna stat, såvida inte företaget bedriver rörelse i den andra avtalsslutande staten från ett där beläget fast driftställe. Om företaget bedriver rörelse på nyss angivet sätt, får företagets inkomst beskattas i den andra staten men endast så stor del därav som är hänförlig till det fasta driftstället. 2. Om ett företag i en avtalsslutande stat bedriver rörelse i den andra avtalsslutande staten från ett där beläget fast driftställe, hänförs, om inte bestämmelserna i punkt 3 föranleder annat, i vardera avtalsslutande staten till det fasta driftstället den inkomst som det kan antas att driftstället skulle ha förvärvat, om det hade varit ett fristående företag, som bedrivit verksamhet av samma eller liknande slag under samma eller liknande villkor. 3. Vid bestämmandet av ett fast driftställes inkomst medges avdrag för utgifter som uppkommit för det fasta driftstället, härunder inbegripen en skälig del av utgifterna för företagets ledning och allmänna förvaltning, forsknings- och utvecklingskostnader, räntor och andra utgifter som uppkommit för företaget i sin helhet (eller den del därav som inbegriper det fasta driftstället) oavsett om utgifterna uppkommit i den stat där det fasta driftstället är beläget eller annorstädes. 4. Inkomst hänförs inte till ett fast driftställe endast av den anledningen att varor inköps för företaget genom det fasta driftställets försorg. 5. Vid tillämpningen av detta avtal skall endast inkomst som härrör från det fasta driftställets tillgångar eller verksamhet inräknas i den inkomst som är hänförlig till det fasta driftstället. Denna inkomst bestäms genom samma förfarande år från år, såvida inte goda och tillräckliga skäl föranleder annat. 6. Ingår i inkomst av rörelse inkomster som behandlas särskilt i andra artiklar av detta avtal, berörs bestämmelserna i dessa artiklar inte av reglerna i denna artikel. 7. Uttrycket "inkomst" i denna artikel avser inkomst som förvärvas genom handel eller affärsverksamhet, uthyrning av materiell lös egendom häri inbegripen, vare sig verksamheten bedrivs av en fysisk person, ett bolag eller annan person eller av en grupp av personer. 8.
44. a)Den skatt som i Förenta staterna utgår på försäkringspremier som betalas till utländska försäkringsgivare skall inte tas ut på försäkrings eller återförsäkringspremier som utgör intäkter i försäkringsrörelse som bedrivs av person med hemvist i Sverige oavsett om rörelsen bedrivs genom fast driftställe i Förenta staterna eller inte. Sådan skattebefrielse medges dock endast i den mån ifrågavarande risker inte direkt eller indirekt återförsäkrats hos person som inte är berättigad till befrielse från sådan skatt.
45. b)Den skatt som i Sverige utgår på försäkringspremier som betalas till utländska försäkringsgivare skall inte tas ut på försäkringspremier som utgör intäkter i försäkringsrörelse som bedrivs av person med hemvist i Förenta staterna oavsett om rörelsen bedrivs genom fast driftställe i Sverige eller inte. 9. Utan hinder av punkt 6 i denna artikel är vid tillämpningen av punkterna 1 och 2 i denna artikel, artikel 13 punkt 3, artikel 14 och artikel 22 varje inkomst, realisationsvinst eller utgift som hänförs till ett fast driftställe eller en stadigvarande anordning under dess fortbestånd, skattepliktig eller avdragsgill i den avtalsslutande stat där det fasta driftstället eller den stadigvarande anordningen är belägen även om betalningarna har skjutits upp till dess att det fasta driftstället eller den stadigvarande anordningen har avvecklats. Artikel 8 Sjöfart och luftfart 1. Inkomst som förvärvas av företag i en avtalsslutande stat genom användningen av skepp eller luftfartyg i internationell trafik beskattas endast i denna stat. 2. Vid tillämpningen av denna artikel anses inkomst på grund av uthyrning av skepp eller luftfartyg som inkomst genom användningen av skepp eller luftfartyg i internationell trafik, om uthyrningsinkomsten äger samband med sådan annan inkomst som anges i punkt 1. 3. Inkomst, som förvärvas av företag i en avtalsslutande stat genom användning, underhåll eller uthyrning av containrar (trailers, pråmar och annan därtill hörande utrustning för transport av containrar däri inbegripna) som används i internationell trafik, beskattas endast i denna stat. 4. Bestämmelserna i punkterna 1 och 3 tilllämpas även på inkomst som förvärvas genom deltagande i en pool, ett gemensamt företag eller en internationell driftsorganisation. Bestämmelserna i punkterna 1 och 3 tillämpas även på inkomst som förvärvas av luftfartskonsortiet Scandinavian Airlines System (SAS) men endast i fråga om den del av inkomsten som motsvarar den andel i konsortiet som innehas av AB Aerotransport (ABA), den svenske delägaren i Scandinavian Airlines System (SAS). Artikel 9 Företag med intressegemenskap 1. I fall då
46. a)ett företag i en avtalsslutande stat direkt eller indirekt deltar i ledningen eller kontrollen av ett företag i den andra avtalsslutande staten eller äger del i detta företags kapital, eller
47. b)samma personer direkt eller indirekt deltar i ledningen eller kontrollen av såväl ett företag i en avtalsslutande stat som ett företag i den andra avtalsslutande staten eller äger del i båda dessa företags kapital, iakttas följande. Om mellan företagen i fråga om deras handelsförbindelser eller finansiella förbindelser avtalas eller föreskrivs villkor, som avviker från dem som skulle ha avtalats mellan av varandra oberoende företag, får all inkomst, som utan sådana villkor skulle ha tillkommit det ena företaget men som på grund av villkoren i fråga inte tillkommit detta företag, inräknas i detta företags inkomst och beskattas i överensstämmelse därmed. 2. I fall då inkomst, för vilken ett företag i en avtalsslutande stat beskattats i denna stat, även inräknas i inkomsten för ett företag i den andra avtalsslutande staten och beskattas i överensstämmelse därmed i denna andra stat samt den sålunda inräknade inkomsten är sådan som skulle ha tillkommit företaget i den förstnämnda staten om de villkor som avtalats mellan företagen hade varit sådana som skulle ha avtalats mellan av varandra oberoende företag, skall den andra staten genomföra vederbörlig justering av det skattebelopp som påförts för inkomsten i denna stat. Vid sådan justering iakttas övriga bestämmelser i detta avtal och de behöriga myndigheterna i de avtalsslutande staterna överlägger vid behov med varandra. 3. Bestämmelserna i punkt 1 begränsar inte sådana bestämmelser i en avtalsslutande stats lagstiftning som medger fördelning, proportionering eller annan uppdelning av inkomst eller avdrag, avräkning eller betalningar mellan personer - vare sig dessa har hemvist i en avtalsslutande stat eller inte - vilka ägs eller kontrolleras, direkt eller indirekt, av samma intressenter, om sådana åtgärder behövs för att förhindra skatteflykt eller för att på ett riktigt sätt bestämma sådana personers inkomst. Artikel 10 Utdelning 1. Utdelning från bolag med hemvist i en avtalsslutande stat till person med hemvist i den andra avtalsslutande staten får beskattas i denna andra stat. 2. Utdelningen får emellertid beskattas även i den avtalsslutande stat där bolaget som betalar utdelningen har hemvist, enligt lagstiftningen i denna stat, men om mottagaren har rätt till utdelningen får skatten inte överstiga:
48. a)5 procent av utdelningens bruttobelopp om den som har rätt till utdelningen är ett bolag vilket äger andelar som representerar minst 10 procent av röstetalet i det utdelande bolaget,
49. b)15 procent av utdelningens bruttobelopp i övriga fall. Denna punkt berör inte bolagets beskattning för vinst av vilken utdelningen betalas. 3. Utan hinder av bestämmelserna i punkt 2, skall sådan utdelning inte beskattas i den avtalsslutande stat där det bolag som betalar utdelningen har hemvist om den som har rätt till utdelningen är:
50. a)ett bolag med hemvist i den andra avtalsslutande staten som under en sammanhängande period av 12 månader före den dag då det bestäms vem som är berättigad till utdelningen, har ägt, direkt eller indirekt genom en eller flera personer med hemvist i endera avtalsslutande staten, andelar som representerar minst 80 procent av röstetalet i det utdelande bolaget och: 1) uppfyller villkoren i artikel 17 punkt 2
51. c)1) eller 2), 2) uppfyller villkoren i artikel 17 punkt 2
52. e)1) och 2), om bolaget uppfyller de villkor som anges i punkt 4 i nämnda artikel avseende utdelningen, 3) är berättigat till avtalsförmåner beträffande utdelningen enligt artikel 17 punkt 3, eller 4) har erhållit ett beslut enligt artikel 17 punkt 6 avseende denna punkt, eller
53. b)en pensionsfond med hemvist i den andra avtalsslutande staten, om: 1) utdelningen inte förvärvas genom en av pensionsfonden, eller ett företag i intressegemenskap med pensionsfonden, bedriven affärsverksamhet, och 2) pensionsfonden inte säljer, eller ingår avtal om att sälja, de andelar på vilka utdelningen belöper inom två månader efter det datum då pensionsfonden förvärvade andelarna. Vid bestämmandet av om ett bolag är berättigat till avtalsförmåner beträffande utdelningen enligt artikel 17 punkt 3, som avses i
54. a)3) ovan i denna punkt, skall bestämmandet av om en person, som direkt eller indirekt äger andelar i bolaget, är en jämförlig förmånstagare göras genom att en sådan person behandlas som ägare till samma röstandel i det utdelande bolaget som innehas av det bolag som yrkar på avtalsförmåner. 4.
55. a)Bestämmelserna i punkterna 2
56. a)och 3
57. a)tillämpas inte på utdelning som betalas av ett "U.S. Regulated Investment Company" (RIC) eller en "Real Estate Investment Trust" (REIT). På utdelning som betalas av ett RIC tillämpas punkterna 2
58. b)och 3 b). På utdelning som betalas av en REIT tillämpas punkterna 2
59. b)och 3
60. b)endast om: 1) den som har rätt till utdelningen är en fysisk person eller en pensionsfond vars innehav i trusten inte överstiger 10 procent, 2) utdelningen betalas på ett slag av andelar som är föremål för allmän omsättning och den som har rätt till utdelningen är en person som innehar högst 5 procent av något slag av andelar i trusten, eller 3) den som har rätt till utdelningen är en person vars innehav i trusten uppgår till högst 10 procent och trusten är diversifierad.
61. b)Vid tillämpningen av denna punkt skall en REIT anses "diversifierad" om värdet av varje enskild fastighetsinvestering uppgår till högst 10 procent av värdet av det samlade fastighetsinnehavet. Vid tillämpningen av denna bestämmelse skall utmätt egendom inte anses utgöra ett fastighetsinnehav. En REIT som äger andelar i ett handelsbolag skall anses som direkt ägare av så stor andel av handelsbolagets fastighetsinnehav som motsvarar dess andel i handelsbolaget. 5. Med uttrycket "utdelning" förstås i denna artikel inkomst av aktier eller andra rättigheter, som inte är fordringar med rätt till andel i vinst, samt inkomst av andra andelar, som enligt lagstiftningen i den stat där det utdelande bolaget har hemvist, beskattas på samma sätt som inkomst av aktier liksom även inkomst genom dispositioner, skuldförbindelser däri inbegripna, med rätt till andel i vinst i den utsträckning sådan inkomst anses utgöra utdelning enligt lagstiftningen i den avtalsslutande stat varifrån inkomsten härrör samt, i Förenta staterna, villkorad ränta som inte klassificeras som "portföljränta" enligt lagstiftningen i Förenta staterna. 6. Bestämmelserna i punkterna 2 och 3 tilllämpas inte om den som har rätt till utdelningen har hemvist i en avtalsslutande stat och bedriver rörelse i den andra avtalsslutande staten, där bolaget som betalar utdelningen har hemvist, från ett där beläget fast driftställe eller utövar självständig yrkesverksamhet i denna andra stat från en där belägen stadigvarande anordning, samt den andel på grund av vilken utdelningen betalas äger verkligt samband med det fasta driftstället eller den stadigvarande anordningen. I sådant fall tillämpas bestämmelserna i artikel 7 respektive artikel 14. 7. En avtalsslutande stat får inte beskatta utdelning som ett bolag s