Switzerland – fiscal policy framework
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
See MoreSwiss Finance Directors Request Corporate Tax Reform
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
See MoreSwitzerland: Safe harbor rules apply to intra-group interest rates
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
See MoreProtocol to Ireland – Switzerland DTA enters into force
Ireland’s tax administration, the Office of the Revenue Commissioners, has confirmed that the Protocol signed with Switzerland became effective on January 1,
See MoreSwiss Protocol to DTA with Ireland and Turkmenistan in force
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
See MoreSwitzerland: The Federal Council recommend to simplified VAT
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
See MoreEU: Tax Mandate Adopted by Switzerland
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
See MoreSwitzerland released report on Corporate Tax Reform
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
See MoreSwitzerland: Ruled against the replacement of VAT with Energy Levy
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
See MoreSwitzerland: Proposals on Multiple Tax Agreements has been Adopted
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
See MoreSwitzerland: Revise withholding tax regime
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
See MoreSwitzerland: Flat’s Tax support to SMEs
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
See MoreSwitzerland: Tax burden remain stable in 2014
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,
See MoreNew DTA between Argentina and Switzerland
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
See MoreIreland -Switzerland: Protocol tax treaty signed
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,
See MoreItaly and Switzerland closer to resolving tax disputes
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
See MoreSwitzerland: Budget Surplus despite Revenue Dip
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
See MorePortugal and Switzerland: Tax treaty enters into force
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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