FTA has updated KS 42 "Tax treatment of work-related education and training costs
On November 30, 2017, the FTA published the updated circular (KS) 42 regarding the tax treatment of professional training and further education costs.
FTA publishes the first withholding tax rates for 2018
The Federal Tax Administration (FTA) has published the first withholding tax rates for 2018.
Tax Utilization Index 2018: Tax burden in cantons and municipalities remains stable
On November 23, 2017, the Federal Department of Finance (FDF) published the evaluation of the 2018 Tax Utilization Index calculated by the Federal Finance Administration (FFA)
FTA updates circular letter 24: Collective investment schemes as subject to withholding tax and stamp duty
On 20 November 2017, the Swiss Federal Tax Administration (FTA) published the updated circular letter 24 concerning collective investment schemes as subject to withholding tax and stamp duty.
FTA publishes information sheet on tax identification number at AIA
On 20 November 2017, the Federal Tax Administration (FTA) published an information sheet on tax identification numbers for automatic information exchange (AIA).
FTA publishes material amendments concerning publications on the VAT Act (14 November 2017)
On 14 November 2017, the Federal Tax Administration (FTA) published material amendments concerning various publications on the Value Added Tax Act (VAT Act).
Adjustments to the price lists regarding the Direct Federal Tax 2016 (16 November 2017)
On 16 November 2017, the Swiss Federal Tax Administration (FTA) published various adjustments to the share price lists (ICTax) regarding direct federal tax.
Federal Council adopts dispatch on DTA with Kosovo
On November 15, 2017, the Federal Council adopted the dispatch on a double taxation agreement (DTA) with Kosovo in the area of taxes on income.
Federal Council brings amended VAT regulations into force on January 1, 2018
The change in VAT rates on January 1, 2018 will be technically implemented by means of an ordinance. At its meeting on November 8, 2017, the Federal Council brought a corresponding ordinance and an amendment to the ordinance into force on January 1, 2018.
On 7 November 2017, the Federal Tax Administration (FTA) published the first drafts of its VAT practice (revMWSTG).
On 7 November 2017, the Federal Tax Administration (FTA) published the first drafts of its VAT practice (revMWSTG).
Canton of Zurich: Amendment of the information sheet on the tax treatment of usufructuary rights and easements
The Zurich Cantonal Tax Office has adapted the information sheet on the tax treatment of usufruct, residential rights, easements, encumbrances and reserved personal rights to current Federal Court rulings.
FTA publishes first drafts on VAT practice (revMWSTG) (October 23, 2017)
The Federal Tax Administration (FTA) published the first drafts of the VAT practice (revMWSTG) on October 23, 2017.
Federal Council adopts dispatch on revised DTA with Pakistan
At its meeting on October 25, 2017, the Federal Council adopted the dispatch on a double taxation agreement (DTA) with Pakistan in the area of taxes on income.
Federal Council decides to bring ALBAG and ALBA agreement into force
At its meeting on 18 October 2017, the Federal Council decided to bring the Federal Act on the International Automatic Exchange of Country-Based Reports by Multinational Corporations (ALBAAG) into force on 1 December 2017 (see also our contribution of 1 October 2017 regarding ALBAV). The entry into force of the multilateral agreement of the competent authorities on the exchange of country-specific reports of 27 January 2016 (ALBA agreement) is also scheduled for December.
Overview of the changes in tax laws and regulations from 1 January 2017 and overview tables for the years 2018-2020
The Federal Tax Administration (FTA) has published the lists of changes to laws and ordinances from 2017 onwards in the areas of direct federal tax, value added tax, withholding tax and stamp duties.
Federal Council sets the amount and date for the entry into force of the radio and television fee
At its meeting on 18 October 2017, the Federal Council set the level and date for the entry into force of the radio and television fee.
Federal Council puts partially revised VAT Ordinance into force
At its meeting on 18 October 2017, the Federal Council adopted the partially revised VAT Ordinance. With the exception of the mail order business, the partially revised VAT Act and the partially revised VAT Ordinance will therefore enter into force together on 1 January 2018.
Consultation opened on the AIA agreements with Hong Kong and Singapore
On 13 October 2017, the Federal Council sent the agreements on the introduction of automatic information exchange on financial accounts (AIA) with Hong Kong and Singapore for consultation. Switzerland signed the agreement with Hong Kong on the same day, the agreement with Singapore was signed on 17 July 2017 and the consultation period will last until 27 January 2018.
Adjustments to the rate lists relating to direct federal tax 2016 (October 10, 2017)
On October 10, 2017, the Federal Tax Administration (FTA) published various adjustments to the exchange rate lists (ICTax) relating to direct federal tax.
FTA updates circular no. 15 (bonds and derivative financial instruments)
On 3 October 2017, the Federal Tax Administration (FTA) published the updated Circular Letter No. 15 (Bonds and derivative financial instruments as subject to direct federal tax, withholding tax and stamp duties).
Canton of Zurich: Round table on tax submission 17
On 5 October 2017, at the invitation of the Directorates of Finance and Economics and the Directorate of Justice and Home Affairs of the Canton of Zurich, a roundtable discussion was held with representatives of large companies and various municipalities on Tax Bill 17. The draft for federal tax bill 17 is still in the consultation process until 6 December 2017.
FTA publishes circular on interest rates (direct federal tax) and maximum pillar 3a deductions for 2018
On October 2, 2017, the Federal Tax Administration (FTA) published a circular regarding interest rates in the area of direct federal tax for the 2018 calendar year and maximum pillar 3a deductions in the 2018 tax year.
VAT: Reduced flat-rate tax rates as of 1 January 2018
From 1 January 2018, VAT invoicing using the flat-rate method must take into account the tax rates adjusted by the FTA and the changes made to the list of sectors and activities to which the flat-rate method is applied.
Remuneration, default and refund interest rate for direct federal tax for the calendar year 2018
The Federal Department of Finance (FDF) has decided that for the calendar year 2018 it will continue not to pay any refund interest on amounts of direct federal tax paid early. The default and refund interest rate remains unchanged.
National Council discusses the introduction of the AIA with 41 partner states from 2018/2019
On 27 September 2017, the National Council discussed the introduction of the automatic exchange of information on financial accounts with 41 partner states from 2018/2019.
