On 26 June 2019, the Federal Council decided to resume the suspended reform of the withholding tax. To this end, it has adopted the objectives and benchmarks.
According to the FTA's media release of 26 June 2019, the core element of the reform proposal is firstly to exempt domestic legal entities and foreign investors from withholding tax on Swiss interest investments (strengthening the Swiss bond market). On the other hand, the security purpose for natural persons in Germany is to be extended and thus combat tax evasion.
A corresponding consultation draft should be available by autumn 2019.
The press release and further details are available here.
