Switzerland released report on Corporate Tax Reform

19 December, 2013

The Swiss Federal Council has released a final report of corporate tax reform III on 19 December 2013. The Swiss federal government proposes to replace the holding, domiciliary, and mixed company regime in the next five to seven years and to enact a

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Switzerland: Ruled against the replacement of VAT with Energy Levy

18 December, 2013

Value-added tax (VAT) in Switzerland to be replaced with a tax on energy has been rejected by The Swiss Federal Council. The council argued that in order to replacement of VAT because the rate of the energy tax will be very high and abolishing VAT

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Switzerland: Proposals on Multiple Tax Agreements has been Adopted

18 December, 2013

A number of double tax treaties proposal on tax information exchange has been adopted by the Swiss Federal Council. The Double tax agreements are with Australia, Hungary, and China, currently valid agreements, and containing administrative

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Switzerland: Revise withholding tax regime

18 December, 2013

It was reported that the Swiss Federal Council has introduce a consultation plans to review the imposing of withholding tax at source on income acquire from “lucrative” activity on 18 December 2013. Plans to modify the federal laws governing the

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Switzerland: Flat’s Tax support to SMEs

10 December, 2013

It was reported that SGV (Switzerland’s main trade association), represents small- and medium-sized enterprises (SMEs) in Switzerland, has accepted the decision of the Swiss Council of States to refuse the people’s initiative calling for an end

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Switzerland: Tax burden remain stable in 2014

10 December, 2013

According to a media report, the Swiss Federal Department of Finance has issued its tax exploitation index for 2014 on 10 December 2013; it disclosed that the average tax burden in Switzerland will remain same in 2014, compared to 2013. On average,

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New DTA between Argentina and Switzerland

08 December, 2013

The governments of Argentina and Switzerland initialed a new double taxation agreement on 5 November 2013. The agreement will promote foreign investment and ensure legal certainty. If the final text of the agreement is approved by the two countries

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Ireland -Switzerland: Protocol tax treaty signed

04 December, 2013

The Protocol to the double tax agreement (DTA) initialed between Switzerland and Ireland will be effective in Ireland from January 1, 2014, which entered into force on November 14,

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Italy and Switzerland closer to resolving tax disputes

04 December, 2013

A further round of bilateral negotiations was held between Italy and Switzerland in Rome which aimed at resolving important tax issues between the two countries. Italy and Switzerland agreed to find a solution to a number of major points of tax

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Switzerland: Budget Surplus despite Revenue Dip

19 November, 2013

The Swiss Federal Department of Finance released that the Confederation is forecasting the excess budget of this year CHF0.3bn (USD0.33bn) on 1 November 2013. Switzerland’s budget presented for a shortage of CHF0.4bn in 2013. Revenues are expected

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Portugal and Switzerland: Tax treaty enters into force

19 November, 2013

According to a press release, Switzerland, Portugal, Bulgaria, Slovenia and the Czech Republic signed treaty agreement for the avoidance of double taxation on 1 November 2013 regarding taxes on income and on capital. The four agreements are starting

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Germany-Switzerland Tax Deal: SPD Open to stimulating the Agreement

18 November, 2013

It has been published on 4 November 2013 that, Germany’s Social Democrats (SPD) have indicated that the party might be prepared to renegotiate the bilateral tax agreement concluded with Switzerland, aimed at resolving the longstanding issue of

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Canada-Switzerland: Exchange of letters to treaty enters into force

14 November, 2013

The exchange of letters, signed by Switzerland on June 28, 2012 and by Canada on July 23, 2012, to the Canada - Switzerland Income and Capital Tax Treaty (1997), as amended by the 2010 protocol, entered into force on October 31, 2013 and generally

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Switzerland: Terminates Tax Rebate Committee

06 November, 2013

It has been announced that, the Swiss Federal Council has issued plans to eliminate the Federal Committee (CFR) responsible for federal direct tax rebates. The Federal Council is establishing new provisions for federal direct tax rebates. The CFR is

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Czech Republic-Switzerland tax treaty protocol enter into force

06 November, 2013

The protocol to the agreement regarding the avoidance of double taxation between Czech Republic and Switzerland has entered into force on October 11, 2013 and the real double taxation agreement was signed on December 4, 1995. The protocol covers

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China-Switzerland: Initialed tax treaty agreements

04 November, 2013

A new agreement had been signed between China and Switzerland for the avoidance of double taxation on 25 September 2013. The new treaty will replace the current agreement that was signed in 1990. The dividend withholding tax rate is reduced to 5%

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Switzerland: Signs multilateral convention against BEPS

04 November, 2013

Switzerland signed the multilateral convention on mutual administrative assistance in tax matters on the 15 October. This agreement is seen as an important tool in the fight against international tax evasion as it provides for cooperation between

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Switzerland-US: Exchange of notes to FATCA agreement

22 October, 2013

The Swiss parliament sanctions a changed Implementation Act on 27 September 2013, concerning the Switzerland and United States FATCA Agreement (2013) of 14 February 2013. The Swiss financial institutions have to impose FATCA which is effecting

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