Tax Newsletter November 2017: Country-by-Country Reporting for Multinational Corporations and Automatic Exchange of Information of Financial Data as of 1.1.2018
As of 1.1.2018, multinational corporations will be obliged to generate country-by-country reports. Further, certain financial data will be subject to the automatic exchange of information as of 1.1.2018.
Newsletter October 2017: New Provisions as of 1.1.2018 in the Swiss Federal Act on Value Added Tax
Revision of the Swiss VAT: Switzerland expands VAT liability for foreign companies and e-commerce providers and reduces the VAT rate by 0.3%.
Newsletter May 2017: Flat-rate Taxation for high-net-worth individuals
Foreign nationals resident in Switzerland can be taxed on a lump-sum (flat-rate) basis if they are not gainfully employed in Switzerland. This taxation is based on the taxpayers’ actual annual living expenses rather than on their income and assets and offers attractive tax planning opportunities.
Newsletter April 2017: Spontaneous exchange of information of tax rulings as of 1.1.2018
Switzerland implements BEPS action point 5 and will exchange particular tax ruling information as of 2018 with partner states by means of spontaneous exchange of information.
Newsletter March 2017: Double Taxation Treaty Switzerland – Liechtenstein, entered into force on January 1, 2017
The first tax treaty between Switzerland and the Principality of Liechtenstein simplifies the cross-border business from a tax point of view.