Selected parliamentary business in the tax area at federal level (October 2021)
The Federal Tax Administration (FTA) updated the selected parliamentary business in the area of tax at federal level on 22 October 2021:
Chair of the OECD Forum on Tax Administration (FTA) and the Joint International Task Force on Shared Intelligence and Collaboration (JITSIC) release statement on Pandora Papers
On 14 October 2021, the Chair of the OECD Forum on Tax Administration (FTA) and the Chair of its Joint International Task Force on Shared Intelligence and Collaboration (JITSIC) issued a joint statement on the Pandora Papers.
Federal Councillor Ueli Maurer at the meeting of the G20 finance ministers and the annual meeting of the IMF and World Bank
Federal Councillor Ueli Maurer represented Switzerland at the G20 Finance Ministers' Meeting and the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington from October 13 to 15, 2021. The G20 meeting and the annual meeting focused in particular on the taxation of the digitalized economy.
Exchange of information with 96 countries on around 3.3 million financial accounts
According to the media release of the Federal Tax Administration (FTA) of 11 October 2021, the FTA has exchanged information on financial accounts with 96 countries. The exchange takes place within the framework of the global standard on the automatic exchange of information (AEOI).
Federal Council sets voting date for referendum against the amendment to the Stamp Duty Act
On 13 October 2021, the Federal Council set the referendum proposals for 13 February 2022. Among them is the referendum on the abolition of the emissions levy.
FTA publishes FATCA final rulings (III; supplement)
On 30 September 2021, the Federal Tax Administration (FTA) notified the issuance of final rulings pursuant to Art. 5 No. 3 lit. b FATCA Agreement.
Media release on Switzerland's position in connection with the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy
On October 8, 2021, the Inclusive Framework of the OECD (including Switzerland) specified the key parameters for the future taxation of large, internationally active companies. According to a press release, Switzerland is calling for the interests of small, economically strong countries to be taken into account when implementing the framework and for legal certainty to be created for affected companies.
OECD publishes key points on the future taxation of the digitalised economy (Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy)
On 8 October 2021, the OECD published the "Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalization of the Economy". The document sets out the key parameters for the future taxation of the digitalized economy on the basis of two pillars.
FTA publishes drafts of the VAT practice statement: trusts and foundations; pharmacists
On October 5, 2021, the FTA published the first drafts of the VAT practice on its website.
FTA publishes Code of Conduct Taxes 2021
On 5 October 2021, the FTA published a code of conduct on mutual dealings in the area of taxes.
Council of States agrees on bill to abolish imputed rental value
On 21 September 2021, the Council of States, as the first Council, approved the bill.
Federal Council presents an overview of individual taxation
At its meeting on September 24, 2021, the Federal Council approved the draft ordinance on individual taxation.
Federal Council adopts dispatch on amendment of the Value Added Tax Act
At its meeting on 24 September 2021, the Federal Council adopted the dispatch on the amendment of the Value Added Tax Act.
Canton of Zurich - Use of the current tax value from the 2021 tax period for unlisted securities
From the 2021 tax period, the current tax value will be used as the asset tax value of unlisted securities (previously tax value of the previous year).
Memorandum of Understanding between Switzerland and France
On September 23, 2021, the SIF announced that the provisional mutual agreement of May 13, 2020 between Switzerland and France on the taxation of cross-border commuters working from home as a result of measures to combat COVID-19 will remain in force until December 31, 2021.
Councils decide on higher tax deduction for children in external care
On 16 September 2021, the Council of States approved the bill. In future, parents will be able to deduct up to CHF 25,000 from direct federal tax for childcare costs.
Dossier Tax Information "Subjective Tax Liability" updated
The article "Subjective tax liability" was updated on 10 September 2021. It explains the differences between unlimited and limited tax liability of legal entities and individuals at cantonal and federal level.
Consultation agreement between Switzerland and Germany
On September 7, 2021, the SIF announced that the consultation agreement of June 11, 2020 between Switzerland and Germany regarding the taxation of cross-border employees during the COVID-19 pandemic will not be terminated until at least December 31, 2021.
Federal Councillor Alain Berset signs social security agreement with UK
On 9 and 10 September 2021, Federal Councillor Alain Berset was in London to sign the new social security agreement between Switzerland and the United Kingdom.
FTA publishes notice on liquidation of collective investment schemes (investment funds)
In its communication dated 30 August 2021, the FTA provided information on the procedure for liquidating collective investment schemes (investment funds).
Canton of Zurich: Updated decrees and practical advice on the deductibility of solar installations
The Zurich Cantonal Tax Office has published a practice note on the deductibility of costs for the installation of photovoltaic systems after a new building (or equivalent total renovation). In addition, further enactments have been updated in the Zurich Tax Book.
Zurich Government Council proposes unchanged tax rate for the years 2022/2023
According to a media release of 27 August 2021 on the draft budget of the Canton of Zurich for 2022, the cantonal deficit is reduced by CHF 215 million compared to the 2021 budget. This is due, among other things, to a higher profit distribution from the Swiss National Bank.
Federal Council supports abolition of imputed rental value
The Federal Council is asking Parliament to approve the proposal of the Council of States' Committee for Economic Affairs and Taxation (WAK-S), which proposes a change to the home ownership taxation system. At the same time, it is proposing amendments to key parameters.
Recognised data suppliers (for the turnover tax) as of 1 July 2021 according to the FTA
The FTA informs about the data providers recognised for the turnover tax as of 1 July 2021.
FTA publishes drafts of the VAT practice statement: Electronic billing
The FTA posted the first drafts of the VAT practice on its website on 20 August 2021.
