On February 23, 2018, the Federal Tax Administration (FTA) published the updated Circular 25 on the taxation of collective investment schemes and their investors.
Circular 25 "Taxation of Collective Investment Schemes and their Investors" (1-025-D-2018-d dated 23 February 2018) has been structurally adapted and its content expanded in order to update the existing practice for collective investment schemes with direct real estate holdings regarding the tax treatment of purchases of current net income or repayments to investors. In addition, the consistent enforcement of the authoritative nature of annual accounts according to Art. 957 et seq. OR and the relevance of the annual financial statements according to CISA.
All circular letters of the FTA can be downloaded here.
