The Swiss Federal Council has announced that the new Tax Administrative Assistance Act (TAAA) will come into force on 1 February 2013. When the TAAA comes into effect the existing ordinance covering double taxation agreements will be repealed.
The new law will modify the banking secrecy laws, which are part of a larger strict privacy protection legal framework.
Related Posts
The Swiss Federal Tax Administration announced that Switzerland and France have signed an agreement which extends the current tax framework for cross-border teleworkers on 17 December 2024.This agreement allows individuals working across borders to
Read More
The Swiss Upper House of Parliament (the Swiss Council of States) approved the ratification of the income tax treaties with Angola and Jordan on 9 December 2024. Earlier, the Swiss Federal Council announced the dispatch of the approval of a
Read More Switzerland's Council of States approved protocols amending income and capital tax treaties with Germany and Serbia on 9 December 2024. Earlier, the Swiss Federal Council announced that it had adopted the dispatch on the protocol of amendment to
Read More The Swiss State Secretariat for International Finance (SIF) released an updated list of jurisdictions participating in the automatic exchange of information (AEOI) on financial accounts on 17 December 2024. Recent updates include a change in
Read More The Swiss Federal Tax Administration declared the suspension of the Most Favoured Nation (MFN) clause under the 1994 Swiss-India tax treaty on 11 December 2024. That will be effective from 1 January 2025. Switzerland is rescinding its unilateral
Read More The Swiss State Secretariat for International Finance (SIF) released an updated list of jurisdictions participating in the automatic exchange of information (AEOI) on financial accounts on 5 December 2024. This update aligns with the Common
Read More
