The Swiss government announced that at the end of June, the Federal Tax Administration (FTA) will for the first time send multinational groups’ country-by-country reports to 35 partner states within the framework of so-called country-by-country reporting on 18th June 2018 under the base erosion profit shifting (BEPS) scheme. The country-by-country reports provide information on the global distribution of revenue, taxes paid and the multinational group’s business activities in different countries.
Related Posts
Switzerland, Slovenia amending protocol enters into force
The amending protocol of income and capital tax treaty between Switzerland and Slovenia entered into force on 16 October 2024. Signed on 30 May 2023, this protocol marks the second amendment to the treaty. The protocol will apply from 1 January
Read MoreHungary ratifies amending protocol to tax treaty with Switzerland
Hungary’s parliament has ratified the protocol amending Hungary's income tax treaty with Switzerland on 4 November 2024. The protocol is expected to expand cooperation between the two nations, facilitate stronger business relations, and combat tax
Read MoreSwitzerland, Kuwait amending tax treaty protocol enters into force
The Swiss State Secretariat for International Finance has announced that the protocol amending the 1999 income and capital tax treaty with Kuwait took effect on 14 October 2024. The amendment contains new rules for the taxation of dividends,
Read MoreSwitzerland lowers interest rates for federal taxes
The Swiss Federal Finance Department (DFF) has announced a reduction in the interest rates for late, refunded, Advance Tax Payments, effective from 2025. Starting 1 January 2025, the tax arrears, refunds, and conditional payment obligations will
Read MoreKuwait ratifies tax treaty with Iraq, amending treaty protocol with South Africa and Switzerland
Kuwait ratified income tax treaty with Iraq and amending protocol to the treaty with South Africa and Switzerland on 18 September 2024, published in Official Gazette No. 1705 on 22 September 2024. The income and capital tax treaty with Iraq was
Read MoreSwitzerland ratifies tax treaty protocol with Serbia
The Swiss National Council (lower house of parliament) approved the ratification of the protocol to the 2005 tax treaty with Serbia on Wednesday, 25 September 2024. The DTA was concluded at a time when Serbia and Montenegro still formed a single
Read More