France approves pending tax treaty protocol with Switzerland

02 July, 2024

The French Council of Ministers approved the pending protocol with Switzerland, amending the 1966 income and capital tax treaty, on 26 June 2024. Previously, the Swiss Council of States (the upper house of parliament) announced that it ratified

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Switzerland ratifies tax treaty protocol with Slovenia

02 July, 2024

Switzerland has announced its decision to ratify the pending protocol to the 1996 income and capital tax treaty with Slovenia, published in the Official Gazette on 25 June, 2024. Signed on 30 May 2023, this protocol marks the second amendment to

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Switzerland approves tax treaty protocol with Germany

16 June, 2024

On 14 June 2024, the Swiss Federal Council announced it adopted the dispatch on the protocol of amendment to the double taxation agreement (DTA) with Germany. The protocol adapts the DTA to various changes in the needs of the contracting states and

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Switzerland approves pending tax treaty with Angola

15 June, 2024

On 14 June, 2024, the Swiss Federal Council announced the dispatch of the approval of a double taxation agreement (DTA) with Angola. The agreement will create legal certainty for the further development of bilateral economic relations and tax

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Switzerland ratifies tax treaty with Slovenia

11 June, 2024

The Swiss Council of States, the upper house of parliament, approved the ratification of the 1996 income and capital tax treaty with Slovenia on 30 May, 2024. The protocol implements the minimum standards for double taxation agreements. Signed

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Switzerland parliament ratifies tax treaty protocol with France

07 June, 2024

The Swiss Council of States (the upper house of parliament) announced that it ratified the pending protocol to the 1966 income and capital tax treaty with France on 30 May, 2024. The Switzerland-France protocol was first signed on 27 June, 2023,

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Peru and Switzerland begin talks to revise tax treaty in accordance with OECD standards

29 May, 2024

Peru and Switzerland officials are set to commence talks on 3–6 June, 2024, aiming to amend their 2012 tax treaty in alignment with OECD BEPS

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Switzerland proposes law to strengthen anti-money laundering, includes beneficial owners register

25 May, 2024

The Swiss Federal Council, in a release, announced the adoption of a new legislation to bolster the anti-money laundering framework on Wednesday, 22 May, 2024. This includes the establishment of a federal register of beneficial owners. The aim of

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EU seeks automatic exchange of financial account information agreement revisions

24 May, 2024

The Council of the European Union issued Council Decision (EU) 2024/1489 on Tuesday, 21 May, 2024, which authorised negotiations to amend agreements for the automatic exchange of financial account information. This initiative aims to enhance

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Switzerland: Cantonal tax law reforms due to Pillar Two global minimum tax

23 May, 2024

In response to the implementation of the Pillar Two global minimum tax in Switzerland, effective from 1 January, 2024, several cantons have adjusted their tax rates or initiated projects to enhance their appeal as business locations. The Canton

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Switzerland: Federal Council to consult on crypto-asset reporting framework

19 May, 2024

The Swiss Federal Council declared that it initiated a consultation regarding the automatic exchange of information by the Crypto-Asset Reporting Framework (CARF) on 15 May, 2024. Set to apply from 1 January, 2026, the extension concerns the new

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Switzerland releases Q&A guidance on application of transfer pricing rules

25 February, 2024

On February 23, 2024, the Swiss Federal Tax Authorities (SFTA) published the Q&A guidance regarding the application of transfer pricing regulations in Switzerland. This guidance clarifies the application of the arm's-length principle and the

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Switzerland publishes safe harbor interest rate limits for 2024 

02 February, 2024

On 31 January 2024, the Swiss Federal Tax Administration released two circulars concerning the safe harbor interest rate limits for shareholders and related party financing for 2024. The rates vary based on whether the financing is in Swiss francs

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Switzerland publishes transfer pricing guidelines 

24 January, 2024

On 23 January 2024, the Swiss Federal Tax Administration published the updated Transfer Pricing Guide.  The main provisions of the guide include: An overview of the arm's length principle and the consequences of non-compliance under Swiss law.

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Switzerland to implement pillar 2 global minimum tax in 2024

24 December, 2023

On 22 December 2023, the Swiss Federal Council published a release in which it confirmed enforcing the Pillar 2 global minimum tax in Switzerland from 1 January 2024. As previously reported, the Federal Council will gradually introduce the global

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Switzerland increases tax payment interest rates

15 September, 2023

On 11 September 2023, the Swiss Federal Tax Administration announced amended interest rates for late payment, refund, and advance tax payments. The announcement includes interest rates as follows: Interest rate for late payment and refund -

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Switzerland plans to extend loss carryforward time limit

11 July, 2023

The Switzerland Federal Council has recently made an announcement indicating that there is an ongoing parliamentary consideration of a proposal to extend the period for carrying forward losses from 7 years to 10 years. The primary objective of this

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Switzerland approves global minimum tax rules

20 June, 2023

Switzerland has achieved a major milestone in the adoption of the global minimum tax and the Base Erosion and Profit Shifting (BEPS) 2.0 Project. This important development occurred when a constitutional amendment was successfully passed through a

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