Swiss Parliament rejects French IHT agreement

31 March, 2014

The Swiss Council of States has not accepted the text of a revised inheritance tax (IHT) agreement with France and has instead suggested that it should be renegotiated. Switzerland had asked for a renegotiation after France had communicated its

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Switzerland – Peru DTA

27 March, 2014

The double taxation agreement (DTA) between Switzerland and Peru which was originally signed on 12 September 2012 entered into force on March 10, 2014. The agreement raises the standard of tax information exchange between the two countries to the

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Switzerland – Kazakhstan DTA Protocol

27 March, 2014

On March 25, 2014 Switzerland confirmed that the protocol to the double taxation agreement (DTA) with Kazakhstan has entered into force. The protocol amends the DTA to provide for the exchange of tax information between the countries. The exchange

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Swiss Parliament Passes Media Tax

24 March, 2014

Switzerland has introduced a new media tax which replaces the license fee previously charged in respect of radio and television. This is charged on large companies and households whose annual income or turnover exceeds EUR 500,000. The introduction

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US: DTA Protocols between the United States and various countries

16 March, 2014

The US Senate Committee on Foreign Relations held talks on February 26, 2014, on the double taxation agreement (DTA) Protocols between the United States and Switzerland and Luxembourg, and DTAs with Hungary and Chile, as part of the nation's

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Switzerland urged to approve IHT agreement with France

16 March, 2014

The French Finance Minister has informed Switzerland that France will not renegotiate the revised inheritance tax (IHT) agreement the two countries have drafted if it is rejected by Swiss lawmakers. The revised Franco-Swiss IHT accord was signed in

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Switzerland – trade association warn against Fuel Surtax Hike

09 March, 2014

Swiss trade association has warned the Swiss Government against a rise in the mineral oil surtax imposed on motor fuels. The Swiss Federal Council has previously indicated that raising the levy is one of the options available to place the financing

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Switzerland: Revised guidance on taxation of principal companies

09 March, 2014

The Swiss Federal Tax Administration (SFTA) has provided the cantonal tax authorities with revised guidance on how to apply rules that affect the taxation of principal companies, which will impact both existing and new principal company rulings. The

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Switzerland – Committee rejects Flat Tax Initiative

09 March, 2014

The Swiss Committee for Economic Affairs and Taxes of the National Council (CEAT-N) has recommended that the popular initiative calling for an end to the flat tax regime currently benefiting wealthy foreigners in the Confederation be rejected. The

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Switzerland Considers New Cross-Border Tax Deal with Italy

09 March, 2014

Swiss Finance Minister has pledged to re-negotiate the bilateral cross-border tax agreements with Italy, to ensure that the provisions are more favorable to the Swiss canton of Ticino in future. The agreement is important because of the number of

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Jersey ratifies TIEA with Switzerland

23 February, 2014

On 11 December 2013, Jersey ratified the Jersey - Switzerland Tax information Exchange Agreement (TIEA). Jersey signed the TIEA with Switzerland on September 16, 2013. This is Jersey's 32nd TIEA meeting the OECD tax standards on transparency and

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Switzerland – fiscal policy framework

18 February, 2014

The Swiss Federal Council has set out the fiscal policy framework that will be followed in the next budget process. The financial plan for 2015-2017 has been updated based on the 2013 fiscal results and new macroeconomic figures. Although the

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Swiss Finance Directors Request Corporate Tax Reform

17 February, 2014

The Swiss Conference of Cantonal Finance Directors (FDK) has emphasized on the importance of reforming the corporate tax system, making some preliminary recommendations. The FDK believes that some tax measures should be implemented quickly within

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Switzerland: Safe harbor rules apply to intra-group interest rates

09 February, 2014

Under a Circular of 30 January 2014 the safe harbor interest rate on loans received by shareholders or related parties denominated in CHF are 1.5% on loans financed through equity, or for loans financed through debt the safe harbor rate is the

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Protocol to Ireland – Switzerland DTA enters into force

07 January, 2014

Ireland’s tax administration, the Office of the Revenue Commissioners, has confirmed that the Protocol signed with Switzerland became effective on January 1,

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Swiss Protocol to DTA with Ireland and Turkmenistan in force

30 December, 2013

The protocol amending the double taxation agreement (DTA) between Switzerland and Ireland, and with Turkmenistan have entered into force, and will both apply from January 1, 2014. The protocol to the double taxation agreement (DTA) between

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Switzerland: The Federal Council recommend to simplified VAT

25 December, 2013

The Federal Council has published of the total regulatory burden on 25 December 2013 are CHF10bn, CHF1.8bn on business which are directly related to VAT. The Federal Council clarified the VAT system with a uniform tax rate. Switzerland imposes three

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EU: Tax Mandate Adopted by Switzerland

20 December, 2013

It was reported that the Swiss Federal Council has adopted the instruction for negotiations on 20 December 2013 regarding a reconsideration of the tax savings agreement with the European Union. The EU ensures that the changes of this agreement are

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