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Facilitation of banks’ capital accumulation in Switzerland

Early in June 2017 the Swiss Federal Council initiated the consultation on the proposed Federal Act (hereinafter – the Act) on the Calculation of the Participation Deduction for Too-Big-to-Fail (TBTF) Instruments. The Act is intended…

22.06.2017

Revised Value Added Tax Act to enter into force in Switzerland

On 2 June 2017, the Swiss Federal Council decided that the partially revised Value Added Tax Act adopted by the Swiss Parliament would come into force on 1 January 2018. The revised Value Added Tax…

02.06.2017

BEPS Convention signed by Switzerland

On 7 June 2017 Switzerland signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. The Convention will serve to efficiently amend double taxation agreements in accordance with…

08.06.2017

Bill on the Dutch Register of Ultimate Beneficiaries

On 31 March 2017 the Dutch government published the bill on implementing the 4th Anti-Money Laundering Directive. One of the obligations under the 4th Directive is to introduce a central register that would contain information…

10.04.2017

Switzerland and France sign agreement on EuroAirport Basel Mulhouse Freiburg

On 23 March 2017, an intergovernmental agreement between Switzerland and France on the tax system applicable to EuroAirport Basel Mulhouse Freiburg (EAP) was signed in Paris. The agreement will promote the development of the airport…

05.04.2017

Italy Introduces Non-Dom Tax Incentive

The Italian authorities have introduced a EUR100,000 (USD106,251) per year substitute tax on foreign income and gains for previous non-doms who declare Italy as their primary tax residence. This has been done with a view…

29.03.2017

Swiss Federal Tax Administration activates the AIA online registration function

On 20 March 2017, the Swiss Federal Tax Administration (FTA) switched on the first function for the automatic information exchange on its FTA SuisseTax electronic portal, where reporting Swiss financial institutions can comply with their…

21.03.2017

Switzerland facilitates Group financing

The Swiss Federal Council has expressed its will to strengthen the financing activities of groups in Switzerland. Thus, it approved the changes to the Withholding Tax Ordinance on 10 March 2017. The amendments will come…

14.03.2017

Tax Proposal 17 initiative to preserve Switzerland’s tax competitiveness

On 2 March, the Swiss Federal Department of Finance (FDF) announced the kick-off of a new corporate tax initiative entitled Tax Proposal 17 (hereinafter – TP17) following the unpredicted rejection of Switzerland’s corporate tax reform…

06.03.2017

Switzerland hosts expert meeting on restitution of politically exposed persons’ assets

Between 27 February and 1 March 2017 the tenth annual Lausanne Seminar on the restitution of politically exposed persons’ assets was held in Lausanne. The event was attended by experts on international mutual legal assistance,…

02.03.2017