Switzerland, France extend taxation of telework agreement until 2025
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
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Switzerland: Council of States approves ratification of tax treaties with Angola, Jordan
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
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Switzerland: Parliament approves amending protocol to tax treaties with Germany, Serbia
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
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Switzerland: SIF updates AEOI jurisdictions list, changes status of Belize
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
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Switzerland suspends MFN clause in tax treaty with India
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
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Switzerland updates list of participating jurisdictions for AEOI-CRS
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
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Switzerland updates MCAA-CbC participation list, adds Armenia, Georgia, Montenegro
An updated the list of participating jurisdictions under the Multilateral Competent Authority Agreement (MCAA) for the exchange of country-by-country (CbC) (Decision No. RO 2024 738) was published in the Swiss Official Gazette on 3 December
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Switzerland: Federal Council recommends rejecting loss carryforward time limit extension
The Swiss Federal Council announced the adoption of a dispatch proposing legislation to extend the loss carry forward period from seven years to 10 years on 27 November 2024. The draft law responded to a motion submitted by Parliament, motivated by
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Switzerland: Federal Council adopts dispatch on amendment of DTA with Hungary
The Swiss Federal Council announced the adoption of the proposal to approve the protocol to amend the 2012 income and capital tax treaty with Hungary on 22 November 2024. It implements the OECD's minimum standards from the base erosion and profit
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Switzerland updates list of jurisdictions of automatic exchange of financial account information
The Swiss State Secretariat for International Finance has released an updated list of Automatic Exchange of Financial Account Information (AEOI) under the Common Reporting Standard (CRS) on 19 November 2024. The Automatic Exchange of Information
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Switzerland publishes updated minimum taxation ordinance
Switzerland’s Federal Council has amended the Swiss Minimum Taxation Ordinance (OIMin) on 20 November 2024 due to the entry into force of the international supplementary tax Income Inclusion Rule (IIR). The Federal Council decided on 4
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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
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Hungary 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 President of Hungary has signed Law No. XLVII of 2024, officially ratifying the amending protocol. This law was
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Switzerland, 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,
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Switzerland 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
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Kuwait 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
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Switzerland 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
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Switzerland updates jurisdictions list for CbC report exchange
Switzerland released an updated list of jurisdictions on 16 September 2024 with which it will exchange Country-by-Country (CbC) reports. The new list, dated 1 September 2024, includes 93 jurisdictions and provides details on each jurisdiction's
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