Conference of Finance Directors (FDK) backs tax proposal 17 (SV 17)
In a letter to the National Council's Committee for Economic Affairs and Taxation dated June 28, 2018, the Conference of Cantonal Finance Directors (FDK) expressed its overall support for tax proposal 17 (SV 17) adopted by the Council of States (see our article dated June 10, 2018). This comes after the National Council's Finance Committee spoke out in favor of counter-financing SV 17 by increasing VAT and rejected an increase in salary contributions (see our article from June 30, 2018).
VAT: Publication of the draft practice definitions of the VAT Main Division (July 20, 2018)
On July 20, 2018, the Federal Tax Administration (FTA) published a new first draft on VAT practice.
FTA publishes material adjustments concerning publications on the VAT Act (26 June 2018)
On 26 June 2018, the Swiss Federal Tax Administration (FTA) published material adjustments concerning the publications on the partial revision of the Value Added Tax Act (VAT Act).
Online invoicing of VAT becomes standard
For VAT invoicing, online invoicing will be the new standard and the paper form will be replaced.
VAT: Publication of the drafts of the practice statements of the VAT Department (21 June 2018)
On 21 June 2018, the Federal Tax Administration (FTA) published two first and a second draft on VAT practice
Corporate tax on radio and television from 2019
In accordance with the Federal Law on Radio and Television (RTVG), the Federal Tax Administration (FTA) has been mandated to levy the radio and TV tax on companies from 1 January 2019. The FTA thus replaces Billag as the collection agency.
First exchange of country-by-country reports from large multinational companies
For the first time, the Federal Tax Administration (FTA) sent country-specific reports from multinational corporations to 35 partner states as part of its Country-by-Country Reporting (CbCR).
DTA with Pakistan adopted in the final parliamentary vote
Both parliamentary chambers (National Council and Council of States) have approved the double taxation agreement (DTA) with Pakistan in the final vote.
FTA publishes material amendments regarding publications on the VAT Act (June 12, 2018)
On June 12, 2018, the Federal Tax Administration (FTA) published material amendments regarding the publications on the partial revision of the Value Added Tax Act (VATA).
Council of States adopts motion to simplify VAT on packages
The Council of States adopts a motion to simplify value added tax on packages.
Adjustments to the price lists relating to direct federal tax and the lists of bonus shares 2017 and 2018 (14 June 2018)
On 14 June 2018, the Swiss Federal Tax Administration (FTA) published various adjustments to the share price lists (ICTax) regarding direct federal tax.
DTA with Kosovo adopted in the final parliamentary vote
Both parliamentary chambers (National Council and Council of States) have approved the double taxation agreement (DTA) with Kosovo in the final vote.
Council of States approves the draft on tax bill 17 (SV 17)
The Council of States approves the draft and the adjustments to tax bill 17 (SV 17) proposed by the Committee for Economic Affairs and Taxes of the Council of States (WAK-S) (see our contribution of 27 May 2018).
Recommendation of the Advisory Council Future of the Swiss Financial Center for a reform of the withholding tax
The Advisory Council on the Future of the Swiss Financial Centre informed the Federal Council at its meeting on 8 June 2018 of its recommendations for a reform of the withholding tax.
First fully digital service of the ESTV (ESTV SuisseTax)
Certificates of registration and entrepreneurial certificates concerning value added tax (VAT) can now be ordered online via ESTV SuisseTax.
National Council rejects motion on strengthening individual legal protection in connection with the AEOI
After the Council of States had still adopted a motion on strengthening individual legal protection in connection with the automatic exchange of information (AIA) on financial accounts (see our contribution of 9 December 2017), the National Council rejected the motion in its session of 29 May 2018.
National Council adopts DTA with Pakistan
The National Council adopted a double taxation agreement (DTA) with Pakistan in its meeting on May 29, 2018.
The National Council approves changes to the conditions for the reimbursement of withholding taxes and proposes adjustments in this regard
In its session of 29 May 2018, the National Council approved an amendment to the VStG proposed by the Federal Council concerning the conditions for the refund of withholding taxes.
National Council adopts DTA with Kosovo
The National Council adopted a double taxation agreement (DTA) with Kosovo in its meeting on May 29, 2018.
SIF publishes Memorandum of Understanding on the DTA between Switzerland and Argentina
On May 28, 2018, the State Secretariat for International Financial Matters (SIF) published a Memorandum of Understanding (MoU) on the Agreement between the Swiss Confederation and the Republic of Argentina for the avoidance of double taxation with respect to taxes on income and capital (DTA Switzerland-Argentina).
Elimination of the excessive administrative burden on business vehicle owners (Fabi)
At its meeting on 29 May 2018, the National Council approved a motion by the Commission for Transport and Telecommunications of the Council of States (KVF-SR), according to which the Federal Council should be mandated to propose the necessary legal changes to ensure that a portion of the income from the use of a company car for commuting is also compensated at the administrative level and that the deduction of travel costs for these taxpayers is excluded. The flat rate of currently 9.6% of the vehicle purchase price can be increased moderately for this purpose.
Dossier Tax Information "The applicable taxes of the Confederation, cantons and municipalities
On 30 May 2018, the article "The applicable taxes of the Confederation, the cantons and the municipalities" from the tax dossier of the Federal Tax Administration (FTA) was updated.
Adjustments to the price lists regarding the direct federal tax 2017 and 2018
On 20 May 2018, the FTA published various adjustments to the price lists (ICTax) with regard to direct federal tax.
Commission for Economic Affairs and Taxation of the Council of States adopts adjustments to tax bill 17
At its meeting on 24 May 2018, the Commission for Economic Affairs and Taxes of the Council of States (WAK-S) adopts the overall concept for tax bill 17 (cf. our contribution of 16 May 2018), which has already been presented, by 11 votes to 1 and concludes the detailed consultation.
FTA publishes material amendments concerning publications on the VAT Act (22 May 2018)
On 22 May 2018, the Swiss Federal Tax Administration (FTA) published material amendments concerning the publications on the partial revision of the Value Added Tax Act (VAT Act).
