Switzerland

Tax-News.com: Switzerland Eyeing Tax Regime Improvements

A group of experts assessing the Swiss tax regime has drawn up an action plan on improving Switzerland's international tax competitiveness.

Tax-News.com: Switzerland, Italy Agree Tax Deal For Frontier Workers

On December 23, 2020, Switzerland and Italy signed a new agreement on the taxation of cross-border commuters and an amendment to their existing double taxation agreement.

Tax-News.com: Germany, Pakistan Ratify The BEPS MLI

Germany and Pakistan have deposited their instrument of ratification with the OECD to bring into force the BEPS multilateral instrument for their networks of tax treaties.

Tax-News.com: Luxembourg Details BEPS Amendments To Swiss DTA

On November 17, 2020, Luxembourg's tax authority published Circular LG – Conv. DI no. 66, outlining the changes made by the BEPS multilateral instrument (BEPS MLI) to the double tax agreement in place with Switzerland.

Tax-News.com: Switzerland To Overhaul Domestic Law Governing Double Tax Pacts

The Swiss Federal Council has approved proposed legislative changes to alter how the country interprets double tax agreement provisions.

Tax-News.com: Switzerland No Longer Paying Interest On Early Tax Payments

In an October 15, 2020, statement, the Swiss Government announced it will not pay interest on federal taxes paid early.

Tax-News.com: Cyprus Adds To Guidance On Calculation Of NIDs

The Cyprus Tax Department has released ten-year government bond yield rates for five new territories, to support businesses in calculating claims for Cyprus's Notional Interest Deduction. The rates are for Bermuda, Denmark, Jordan, Portugal, and Switzerland.

Tax-News.com: Switzerland To Draft New Customs Tax Act

On September 11, 2020, the Swiss Federal Council launched a consultation on proposals for the total revision of the customs system.

Tax-News.com: Russia's Cabinet Approves Maltese DTA Amendments

Russia's Government has approved wording for a draft Protocol that it will seek to conclude with Malta, to revise their double tax agreement to increase withholding tax rates at source for cross-border dividends and interest income.

Tax-News.com: Cyprus, Russia Agree Tax Hike On Cross-Border Dividends, Interest

Russia's Ministry of Finance has announced that it signed a Protocol to amend its double tax agreement with Cyprus on September 8, 2020.

Tax-News.com: France Extends COVID-19 Tax Deals For Cross-Border Workers

The French Ministry of Finance confirmed on August 31, 2020, that several tax agreements applying to cross-border workers during the COVID-19 crisis have been extended.

Tax-News.com: Switzerland To Add Anti-BEPS Provisions To Two Treaties

On August 26, 2020, the Swiss Federal Council ratified a new double taxation agreement with Bahrain and a Protocol to revise its DTA with Kuwait.

Tax-News.com: Switzerland Prolongs Exemption For COVID-19 Essentials

The Swiss Government has confirmed it will extend a tax exemption for surface disinfectants in light of COVID-19.

Tax-News.com: US-Swiss Agreement Published On Mandatory Binding Arbitration

The US Internal Revenue Service (IRS) has released the text of an arbitration agreement between the US and Switzerland, in Internal Revenue Bulletin 2020-35, published August 24.

Tax-News.com: Russia Turns Sights To Switzerland, Hong Kong Treaties

Russia's double tax agreements with Hong Kong and Switzerland are next on the radar for authorities in Russia, who are seeking to ensure the country can subject to at least 15 percent withholding tax outbound dividends and interest payments.

Tax-News.com: Switzerland Eases VAT Refund Rules For Tourists

Effective August 1, 2020, Switzerland relaxed the rules for tourists seeking to export goods free from tax.

Tax-News.com: France Publishes List Of Territories Exempt From CbC Local Filing

On July 20, 2020, the French Government published in the Official Gazette a decree to expand the list of jurisdictions exempt from local filing reporting requirements under the country's country-by-country reporting regime.

Tax-News.com: Switzerland Adds BEPS Provisions To Three Treaties

Switzerland has signed protocols to its double taxation agreements with Cyprus, Liechtenstein, and Malta to implement minimum standards developed as part of the OECD's BEPS project.

Tax-News.com: Switzerland Relaxes Rules For Tourists' VAT Refunds

Switzerland's Federal Department of Finance is extending the time limit within which tourists can export goods purchased in the country tax free.

Tax-News.com: Switzerland Unlikely To Need Tax Hikes In Response To COVID-19

The Swiss Government is anticipating a shortfall in tax receipts of over CHF5bn in 2020.

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