In its session of 10 September 2019, the Council of States rejected a motion instructing the Federal Council to amend the Withholding Tax Act so that individuals resident in Switzerland do not forfeit the refund of withholding tax due to inadvertent or negligent failure to declare or false declaration, as long as it is guaranteed that the investment income subject to withholding tax will be taxed. The concerns of the motion have already been met with the revision of the Withholding Tax Act (VStG).
Daniela Schneeberger's motion "No forfeiture of withholding tax" (16.3797) was rejected by the Council of States after the Committee for Economic Affairs and Taxes of the Council of States (WAK-S) unanimously requested that the motion be rejected because the request was already met with the adoption of the revision of the Withholding Tax Act (18.030) (see our contribution of 22 September 2018).
The entire parliamentary business with extensive documents as well as the minutes of the Council of States can be accessed here.
