Voluntary disclosure, tax amnesty and AEOI
Since January 1, 2010, any Swiss tax payer can benefit from a voluntary disclosure procedure and a simplified tax assessment for heirs. The current tax transparency context contributes to adopt such an approach. The present Newsletter aims at presenting the conditions which must be fulfilled for a voluntary disclosure to be successful, with as a background the current political […]
Automatic exchange of information
In the absence of a referendum, the new international regulation on automatic exchange of information (AEOI) will enter into force on January 1, 2017, for Switzerland. At such date, the necessary legal basis for the introduction of the AEOI in Switzerland will be contained in the Federal act on the international automatic exchange of information […]
Vaud referendum on the CTR III
As announced in our December 2015 Newsletter, the Vaud legislative assembly adopted already in September 2015 the CTR III by confirming a reduced and unique cantonal income tax rate for companies of 13,79% as from 2019. This measure has been initiated before the end of the procedure at a federal level with the stated purpose […]
Revised Article 305bis of the Penal Code
On January 1, 2016, the revised Article 305bis CP entered into force. This provision appears in the section titled “Crimes and offences against judicial authorities” of the Penal Code and is a direct result of the implementation of the 2012 FAFT’s recommendations in the framework of the fight against money laundering and financing of terrorism. Certain […]
Corporate taxation
Swiss corporate taxation has been extensively amended for the last twenty years. This trend led to two majors reforms in 1997 and 2007. A much-awaited third reform is currently under discussion before the Swiss Parliament. The present Newsletter aims at providing a brief summary of the current situation. After an overview of the historical context, we […]