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Commercial Register of Canton Zug permits cryptocurrencies as contributions in kind

Cryptocurrencies have been steadily gaining in importance in the recent years, especially bitcoin as the most famous of all cryptocurrencies. The Swiss city of Zug was the first state authority worldwide to accept bitcoin as…

16.10.2017

Switzerland signs European declaration on eGovernment

On Friday, 6 October 2017, a declaration on eGovernment jointly drawn up by the EU and EFTA in the context of the Ministerial eGovernment Conference in Estonia was signed by the Swiss Federal Councillor. The…

12.10.2017

Consultation to Revise Regulation on Working Hours Law

On 29 September 2017, the Swiss Federal Council commenced a consultation on revising the Regulation on the Working Hours Law. The Law governing employment relations in public transport companies was passed by the Parliament in…

29.09.2017

FDF opens consultation on total revision of withholding tax ordinance

On 21 September 2017, the Swiss Federal Department of Finance (FDF) submitted the total revision of the Withholding Tax Ordinance for consultation. The ordinance specifies the prerequisites for non-residents to be entitled to subsequent ordinary…

22.09.2017

Enactment of partially revised Swiss alcohol legislation as of 1 January 2018

On 15 September 2017, the Swiss Federal Council passed the revised Alcohol Ordinance. It will enter into force on 1 January 2018, together with the Alcohol Law revised in autumn 2016. At the same time,…

19.09.2017

Consultation on tax proposal 17 in Switzerland

On 6 September 2017, the Swiss Federal Council initiated the consultation on the new tax proposal 17 (TP17), which is supposed to be a significant contribution to having an appealing location and thus to added…

12.09.2017

Additional agreement to DTA between Switzerland and Belgium came into effect

As reported by the Swiss Federal Council, the additional agreement amending the double taxation agreement (DTA) between Switzerland and Belgium in the area of taxes on income and on capital came into effect. It contains…

09.08.2017

Swiss Federal Council puts new fintech rules into force

On 1 August 2017, an amendment to the Banking Ordinance (BO) adopted by the Swiss Federal Council on 5 July 2017 entered into force. The bill aims to regulate fintech firms that provide services outside…

03.08.2017

Draft federal bill on processing of personal data by FDFA issued for consultation

Late in June 2017, the Swiss Federal Council approved the draft bill for a federal act on the processing of personal data by the Federal Department of Foreign Affairs (FDFA). The proposed piece of legislation…

05.07.2017

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