FTA publishes notifications of receipt and final rulings on the FATCA agreement
On October 17, 2023, the Federal Tax Administration (FTA) notified the issuance of final rulings pursuant to Art. 5 No. 3 lit. b FATCA Agreement and the receipt of group requests pursuant to Art. 12 No. 1 FATCA Agreement.
FTA publishes circular "Withholding Tax Rates 2023
The Swiss Federal Tax Administration (FTA) has published the circular "Withholding Tax Rates 2023".
FTA publishes draft amendments to VAT practice: retail trade and portal obligation
On October 16, 2023, the FTA posted new drafts on VAT practice on the topics of retail trade and portal obligation on its website.
FTA publishes completely revised tax folder on real estate gains tax.
On October 16, 2023, the Federal Tax Administration (FTA) launched the completely revised tax folder "Taxation of Real Estate Gains, Tax Jurisdiction and Calculation of Real Estate Gains Tax". This provides overviews of the regulations at the federal and cantonal levels.
Maximum Pillar 3a deductions in the 2024 tax year
The tax deduction within the scope of tied personal pension provision (pillar 3a) remains unchanged for the 2024 tax year.
Selected parliamentary business in the tax area at the federal level (October 2023).
The Federal Tax Administration (FTA) updated the selected parliamentary business in the tax area at the federal level on October 12, 2023.
OECD/G20 Inclusive Framework Publishes New Multilateral Agreement to Address the Tax Challenges of Globalization and Digitalization
The OECD/G20 Inclusive Framework published a new multilateral agreement to address the fiscal challenges of globalization and digitization on October 11, 2023.
Exchange of information with 104 countries on around 3.6 million financial accounts
According to the Federal Tax Administration's (FTA) media release dated October 9, 2023, the FTA has exchanged information on financial accounts with 104 countries. The exchange takes place within the framework of the global standard on the automatic exchange of information (AEOI).
Referendum deadline for partially revised VAT Act has passed unused
The referendum period for the partially revised Value Added Tax Act expired unused on October 5, 2023.
Review of tax relief in the Group delayed
According to the FDF, it is important to wait with the implementation of the referred motion 18.3718 (calculation of the participation deduction) due to the changed initial situation with the OECD minimum tax.
Switzerland and Serbia sign Protocol of Amendment to Double Taxation Agreement
On September 19, 2023, Switzerland and Serbia signed a Protocol of Amendment to the DTA, which implements the minimum standards in double taxation treaty matters.
Entry into force of the DTA between Switzerland and Ethiopia
On September 21, 2023, SIF announced that the DTA Switzerland - Ethiopia entered into force on August 10, 2023. The provisions are applicable for Switzerland as of January 1, 2024 and in Ethiopia as of July 8, 2024.
Dossier Tax Information: Update of the articles "Administrative and legal assistance in tax matters" and "Automatic exchange of information
On September 21, 2023, the FTA updated the articles "Administrative and legal assistance in tax matters" and "Automatic exchange of information" from the tax information dossier.
FTA publishes interest rates for direct federal tax 2024
The Federal Department of Finance is adjusting the refund and default interest rates for federal taxes and levies to the increased interest rate level. From 2024, an interest rate of 4.75 percent will apply in the case of arrears and for refunds. The interest rate on voluntary advance payments is now 1.25 percent.
Federal Council: Introduction of a Swiss trust does not currently have majority support
At its meeting on September 15, 2023, the Federal Council took note of the results of the consultation on the introduction of a Swiss trust. There is currently insufficient political consensus for the introduction of a trust under Swiss law. In particular, the tax regulations were clearly rejected in the consultation.
FTA publishes final rulings on FATCA group requests
On September 13, 2023, the Swiss Federal Tax Administration (FTA) published the issuance of final rulings pursuant to Art. 5 No. 3 lit. b FATCA Agreement.
FTA - Circular on professional expense allowances and remuneration in kind 2024 / Compensation for the consequences of the cold progression in direct federal tax for the tax year 2024
On September 5, 2023, the FTA published the circular "Professional expenses lump sums and remuneration in kind 2024 / Compensation of the consequences of the cold progression in the direct federal tax for the tax year 2024".
FTA publishes draft on practice adjustment VAT: vouchers and refund of CO2 tax
The FTA posted an initial draft of the VAT practice on its website on August 31, 2023.
Dossier Tax Information: Update of the article "Appeals against income and property tax assessments".
On August 29, 2023, the FTA updated the article "Appeals Against Income and Wealth Tax Assessments" from the Tax Information Dossier.
Switzerland and Germany sign protocol of amendment to DTA
Switzerland and Germany signed the revision protocol amending the DTA of 11 August 1971 on 21 August 2023 on the fringes of the meeting of German-speaking finance ministers in Aschau im Chiemgau.
Federal Council sets benchmarks for individual taxation
At its meeting on August 30, 2023, the Federal Council defined the key parameters for the dispatch on the introduction of individual taxation. This bill will also serve as an indirect counter-proposal to the popular initiative "For individual taxation independent of civil status (tax fairness initiative)".
FTA publishes selectively adapted document "Structure and Record Formats of Withholding Tax Tariffs for Import into Payroll Accounting Systems (ERP Systems)
On August 15, 2023, the FTA published a selectively adjusted document "Structure and Record Formats of Withholding Tax Tariffs for Import into Payroll Accounting Systems (ERP Systems)".
FTA publishes draft for practice adjustment VAT: Communities
The FTA posted an initial draft of the VAT practice on its website on August 11, 2023.
FTA publishes notifications of receipt and final rulings on the FATCA agreement
On August 9, 2023, the Federal Tax Administration (FTA) notified the issuance of final rulings pursuant to Art. 5 No. 3 lit. b FATCA Agreement and the receipt of group requests pursuant to Art. 12 No. 1 FATCA Agreement.
FDF publishes first report on cantonal measures in connection with the implementation of the OECD minimum tax
On August 8, 2023, the FDF published the first report on the expected impact of the implementation of the OECD minimum tax on the individual cantons as well as the planned measures of the individual cantons as of May 31, 2023.
