Switzerland: Federal Council set the parameters for the dispatch on tax proposal 17
The Swiss Federal Council announced that it has set the parameters for the dispatch on the country's tax reform proposal (tax proposal 17) on 31st January 2018. The Federal Council's parameters that will be contained in the dispatch on tax proposal
See MoreSwitzerland: Automatic Exchange of country-by-country reports enters into force
On 18th October 2017 during its meeting, the Federal Council decided to bring a law on the International Automatic Exchange of Country-by-Country Reports of Multinationals into force on 1st December 2017. Under the new law, CbC reporting obligations
See MoreSwitzerland reduces e-book VAT
As of January 1, 2018, Switzerland is to reduce the value-added tax on e-books from 8% to 2.5%. This means that the VAT rate for electronic books will be the same as in printed books. The standard VAT rate will also reduced from 8% to 7.7% on the
See MoreHong Kong signs AEOI agreement with Switzerland
Hong Kong has signed an agreement with Switzerland on the automatic exchange of financial account information in tax matters (AEOI), a government spokesman said on 14 July 2017. The spokesman added that they are trying to expand the Hong Kong AEOI
See MoreSwitzerland: Ordinance on exchange of CbC reports adopted
On 29 September 2017, Swiss Federal Council adopted an ordinance on the international automatic exchange of country-by-country reports on multinational firms. The exchange of country-by-country reports between Switzerland and its partner states
See MoreDTA between Switzerland and Zambia signs
The Double Taxation Agreement (DTA) between Switzerland and Zambia was signed in Lusaka on 29 August 2017. Once in force and effective, the new treaty will replace the existing DTA of 1954. The agreement contains Dividends rate 5% for at least 10%
See MoreDTA between Kosovo and Switzerland ratifies
The Kosovo has ratified the Double Taxation Agreement (DTA) with Switzerland for the avoidance of double taxation on 10th August 2017 and the prevention of fiscal evasion with respect to taxes on
See MoreSwitzerland: Federal Council initiates consultation on tax proposal 17
The Federal Council initiated the consultation on tax proposal 17 (TP17) on 6th September 2017. The proposal will make a significant contribution to having an appealing location and thus to added value, jobs and tax receipts. The reform will
See MoreProtocol to treaty between Ecuador and Switzerland signed
Ecuador and Switzerland signed an amending protocol to the Ecuador - Switzerland Income and Capital Tax Treaty of 1994 on 26th July 2017. The protocol introduces a provision for exchange of information on
See MoreBelgium, Switzerland protocol to DTA enters into force
On 19 July 2017, the amending protocol of Double Taxation Agreement (DTA) between Belgium and Switzerland was entered into force and it will apply from 1 January
See MoreSwitzerland’s Federal Council adopts dispatch on revised DTA with Latvia
The Federal Council of Switzerland adopted the dispatch on a revised double taxation agreement (DTA) with Latvia on 28th June 2017 regarding taxes on income and capital. The dispatch was submitted to Parliament for approval. Switzerland and Latvia
See MoreSwitzerland and France resolve tax information exchange cases
According to a statement by the Swiss Federal Council, Switzerland and France have resolved a number of questions concerning the exchange of tax data. The statement confirmed that the authorities had succeeded in agreeing on common solutions. The
See MoreSwitzerland signs OECD Multilateral Treaty on Double Taxation
Switzerland signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI") on 7th June 2017 in Paris. The Convention is a key outcome of the OECD/G20 Base
See MoreCanada: DTA negotiations with Switzerland
The Finance Department of Canada has declared that negotiations to update its Double Tax Agreements (DTA) with the Swiss Confederation will be held in June 2017. The main objective of this release is to ensure that persons whose interests are
See MoreSwitzerland: Partial Revision of the VAT Act adopted by Parliament
The Swiss Federal Department of Finance announced that during its meeting on 2 June 2017, it decided that the partial revision of the Value Added Tax Act adopted by the Parliament will come into force on 1st January 2018. Under the new regime, to
See MoreSwitzerland: Steering committee adopts revised corporate tax reform proposal
The steering committee incorporate of federal and cantonal representatives has adopted recommendations on a balanced corporate tax reform proposal III (TP17) on 1st June 2017 for the attention of the Swiss Federal Council. The new proposals come
See MoreSwitzerland and Kosovo sign double taxation agreement
Switzerland and Kosovo signed a Double Taxation Agreement (DTA) in the area of taxes on income and capital on 26 May 2017. The agreement will ensure legal certainty and a contractual framework that will have a beneficial impact on the two states’
See MoreDTA between Pakistan and Switzerland signed
The Pakistan and Switzerland signed an Income Tax Treaty for the avoidance of double taxation and the prevention of fiscal evasion in Islamabad on 21 March 2017. Once in force and effective, the new treaty will replace the Pakistan - Switzerland
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