Reporting procedure for withholding tax - Federal Supreme Court decides suspended cases
On 18 August 2017, the Federal Supreme Court published a total of seven rulings dated 24 July 2017, in which it dealt for the first time with the provisions of the Swiss Withholding Tax Act (VStG) concerning the new rules on interest on arrears in the notification procedure, which came into force on 15 February 2017 (see our article of 7 February 2017).
Federal Council wants to allow entitlement to a refund of withholding tax also in the event of subsequent declaration and offsetting (consultation bill passed)
In its session of 28 June 2017, the Federal Council decided that a negligently omitted declaration of withholding tax in the tax return can be made up for by the end of the objection period and has approved a corresponding consultation draft. This applies to natural persons with residence in Germany.
FTA Circular on printed matter Direct federal tax, flat-rate tax credit and additional tax retention USA for the 2017 tax period
The Swiss Federal Tax Administration (FTA) has published a circular on printed matters (order forms) concerning the direct federal tax, the flat-rate tax credit (pStA) and the additional tax retention USA (zStR USA) for the 2017 tax period for the attention of the cantonal administrations for the direct federal tax and the central withholding tax authorities of the cantons.
Overview of amendments to laws and ordinances in tax law as of 1 January 2017
The Federal Tax Administration (FTA) has published an updated list of amendments to laws and ordinances relating to direct federal tax, value added tax, withholding tax and stamp duties.
Federal Council approves simplifications in group financing
At its meeting on 10 March 2017, the Swiss Federal Council decided to strengthen the financing activities of groups of companies in Switzerland and approved the amendment to the Withholding Tax Ordinance. The amendment shall enter into force on 1 April 2017.
Reporting procedure for withholding tax - Application form for repayment of interest on arrears already paid
On 15 February 2017, the Federal Tax Administration (FTA) launched the form for the repayment of interest on arrears already paid. Only this form is to be used for the reclaim.
Tax-deductible interest rates 2017 for advances or loans
On 14 February 2017, the Swiss Federal Tax Administration (FTA) published the interest rates for advances or loans in Swiss francs and foreign currencies recognised for tax purposes for the year 2017.
SIF publishes report on international financial and tax issues 2017
The current report of the State Secretariat for International Financial Matters (SIF) on international financial and tax issues provides information on activities in the areas of financial market regulation, involvement in international financial bodies and international tax policy in 2016 and provides an outlook on the challenges ahead.
Withholding tax reporting procedure - changes come into force on 15 February 2017
On 15 February 2017, the amendments to the Federal Withholding Tax Act enter into force. Within one year of the effective date, companies may, upon request, reclaim interest already paid on arrears which they had to pay because they had not reported intra-group dividend payments to the Federal Tax Administration until after the 30-day period had expired.
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