taxlawblog.ch Your blog on Swiss tax law

On May 20, 2020, the Bundesrat passed a bill to digitize tax procedures.

The Organisation for Economic Co-operation and Development (OECD) held and posted virtual meetings on 12-13 May 2020 for the 2020 review of the exchange of country-by-country reporting.

Overview of the tax law decisions of the Swiss Federal Administrative Court published in the week of 5 - 12 April 2020.

Overview of the tax law decisions of the Swiss Federal Administrative Court published in the week of 30 March - 5 April 2020.

Overview of the tax law decisions of the Swiss Federal Administrative Court published in the week of 23 - 29 March 2020.

Overview of the tax law decisions of the Swiss Federal Administrative Court published in the week of 16 - 22 March 2020.

Overview of the tax law decisions of the Swiss Federal Administrative Court published in the week of 9 - 15 March 2020.

Overview of the tax law decisions of the Swiss Federal Administrative Court published in the week of 2 - 8 March 2020.

On 27 February 2020, the Federal Tax Administration updated the key figures for international administrative assistance in 2019.

At its meeting on 20 November 2019, the Federal Council adopted the dispatch on the amendment of the Federal Act on the International Automatic Exchange of Information in Tax Matters (AIAG).

On 4 November 2019, the Federal Tax Administration (FTA) published an overview of federal legislative and regulatory projects for the years 2020 - 2022.

According to the press release of the Federal Tax Administration (FTA) of 7 October 2019, the FTA has exchanged information on financial accounts with 75 states. The exchange takes place within the framework of the global standard for the automatic exchange of information (AIA).

Now that the automatic exchange of information (AEOI) is already a reality in international relations and the first data was sent to and from Switzerland last year (see our article from October 7, 2018), the Bernese Government Council is supporting the submission of a cantonal initiative by the Canton of Bern to enable the exchange of financial data within Switzerland (see also the report in the Berner Zeitung from August 19, 2019).

The Council of States and the National Council have adopted the Federal Act on the Implementation of Recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

The Federal Tax Administration (FTA) recalls that within the framework of the International Automated Exchange of Information in Tax Matters (AIA), separate tax identification numbers apply to natural and legal persons resident in Switzerland and to other legal entities.

At its meeting on 29 May 2019, the Federal Council opened the dispatch on the introduction of the automatic exchange of information on financial accounts (AIA) with 19 other states and territories.

At its meeting on 8 March 2019, the Federal Council decided that the Federal Act on the Calculation of Participation Deductions for Systemically Important Banks (see also our contribution of 22 September 2018) would come into force retroactively to 1 January 2019.

On 5 March 2019, the State Secretariat for International Financial Matters (SIF) published a Memorandum of Understanding (Agreement) on the Agreement between the Swiss Confederation and the Republic of Colombia on the Avoidance of Double Taxation in the Field of Taxes on Income and Assets of 26 October 2007 (Swiss-Colombian DTA).

At its meeting on 27 February 2019, the Federal Council opened consultations on the revision of the Federal Act and the Ordinance on the International Automatic Exchange of Information in Tax Matters (AIA). The aim is to implement recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum).

The Tax Information Agreement between Switzerland and Brazil entered into force on 4 January 2019 and is applicable from 1 January 2020.

On 4 January 2019, the Finance Directorate of the Canton of Zurich published a media release in which the number of entries, the number of closed cases or cases still to be processed, the after-taxes incurred, the declared assets and the average yield per case of voluntary declarations closed in 2018 are published.

At its meeting on 7 December 2018, the Federal Council opened the consultation procedure on the introduction of automatic information exchange on financial accounts (AIA) with 18 other states and territories.

At its meeting on 17 October 2018, the Federal Council decided to extend the exchange of country-specific reports to other states. It also adopted an amendment to the Regulation concerning the international automatic exchange of country-specific reports by multinational corporations (ALBAV).

The Federal Tax Administration (FTA) has exchanged information on financial accounts for the first time. The exchange takes place within the framework of the global standard for automatic information exchange (AIA).

On 17 September 2018, the Council of States discussed the message of 9 May 2018 on the introduction of automatic information exchange on financial accounts with Singapore and Hong Kong from 2018/ 2019 and with other partner states from 2019/2020.