Switzerland: Threatens to raise carbon tax
Switzerland’s carbon tax would jump up toCHF72 per ton from 2016, which is currently iCHF60 (USD67) per ton , if the power-related emissions of this year do not fall down to 76% of 1990 levels. If the emissions only fall to 78% of the baseline
See MoreSwitzerland-Kazakhstan: Revised tax treaty agreements
By exchange of letters on 9 July 2014, Kazakhstan and Switzerland signed an, extended Income and Capital Tax Treaty which was amended the treaty between Kazakhstan and Switzerland Double Tax Treaty of 1999, by the 2010
See MoreSwitzerland-Iceland: Signed Double Taxation Agreement
Iceland and Switzerland signed double tax treaty on 10 July 2014 and after July 2014; this new treaty will replace the 1988 treaty between Switzerland and
See MoreSwitzerland – China: Free trade agreement comes into force
A free trade agreement between Switzerland and China came into effect on 1 July 2014 with some reduction on industrial exports. It will also control property rights for economic exchange. Under this agreement, Switzerland will implement zero tariffs
See MoreFrance-Signed Protocol to DTA with Switzerland
France and Switzerland has signed a protocol on 25 June 2014 to the agreement of 1966 for the avoidance of double taxation. The protocol would amend the existing agreement by updated provisions on the administrative assistance in tax matters and
See MoreSwitzerland – Uzbekistan: Signed a protocol treaty
On 1 July 2014 Switzerland and Uzbekistan signed a treaty to amend their double taxation
See MoreSwitzerland-Hungary: Signed Double Taxation Agreement
Switzerland and Hungary signed a double taxation agreement on 4 June 2014. Switzerland's lower house of parliament has approved the DTA after ratification by both
See MoreFrance: Withdraws IHT Agreement with Switzerland
The government of France has announced to withdraw the 1953 inheritance tax (IHT) agreement with Switzerland effective from 31 December 2014. Accordingly from 1 January 2015 in the absence of a treaty domestic inheritance tax rules will be
See MoreSwitzerland–Australia: approved double taxation agreements
The lower house of parliament approved the nation’s double taxation agreement on 4 June 2014. The DTA will enter in to force after both countries have completed their respective domestic requirements and ratification by both
See MoreSwitzerland: Approved Law To Maintain FATCA
The Federal Council of Switzerland has determined to bring together the Foreign Account Tax Compliance Act (FATCA) Act and the regulation of disclosure obligations, which came into effect on 30 June of 2014. The Swiss parliament approved the FATCA
See MoreSwitzerland and United States FATCA agreement enters into force
The Federal Council decided, on June 6, 2014, that the FATCA agreement between Switzerland and the United States came into force on June 2, 2014. This agreement was approved by the parliament in September 2013. The FATCA execution in Switzerland is
See MoreSwitzerland – San Marino: Signes TIEA
Switzerland and San Marino signed a tax information exchange agreement (TIEA) on May 16, 2014. The agreement provides for the exchange of tax information on request on specific tax matters. The conclusion of agreements for the exchange of tax
See MoreSwitzerland and Singapore sign OECD agreement against tax evasion though banking secrecy
Forty seven countries participated in the Declaration on Automatic Exchange of Information in Tax Matters, adopted by the OECD on 6 May 2014. These countries included Switzerland and Singapore, two financial centers that have in the past been
See MoreSwiss Discuss Banking Sector Tax Disputes With The US
Recent discussions between the US and Switzerland have centered on a US tax dispute settlement program for category two, three, and four banks and the current US criminal investigations into category one banks that are domiciled in Switzerland. The
See MoreSwitzerland to Retain Flat Tax For Wealthy Expatriates
Switzerland’s National Council has voted against the proposed withdrawal of the flat tax regime for high wealth foreigners. The Council supported that argument that the flat tax makes Switzerland an attractive location for high wealth individuals
See MoreSwiss Bankers Ask France to Increase Amnesty Uptake
The President of the Swiss Bankers Association (SBA), has suggested that France should extend and enhance its tax regularization facility to allow more taxpayers to make a voluntary declaration to normalize their tax affairs. At the moment the
See MoreSwitzerland – New VAT registration requirements on foreign companies
Switzerland is planning to require non-resident companies that provide services in Switzerland to charge Swiss VAT on the services at a rate of 8%. There is a need for all foreign service providers to comply with this requirement so that Swiss
See MoreSwitzerland: Consults on revised rules for expats
Switzerland is planning changes to the tax deductions to which expatriates are entitled, as a result of recommendations by a working group set up for the purpose. A revision to the legislation would involve changing the definition of an expatriate
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