UK anti-hybrid legislation: impact on Swiss structures

The UK’s new anti-hybrid rules will be effective from January, 2017. There is a short time frame for companies to assess the impact of these rules and make any changes to remain compliant with the rules and avoid a significant increase of the tax rate and/or even worse a double taxation of income.

Globally mobile employees: what are the key risks to address?

The latest global mobility survey from KPMG Switzerland highlights how global mobility has evolved during the past decade, the key risks which all employers with internationally mobile employees should be addressing today, and what companies could do to improve their mobility policies and processes.

VAT Act: Swiss Parliament released final version

Today, both chambers of the Swiss Parliament unanimously approved the partially revised VAT Act. It is expected to enter into force on 1 January 2018. Tax Authorities expect around 30,000 new taxpayers – for the most part foreign companies. What are the most important changes and the important actions that need to be taken?

Swiss withholding tax: Correction of mal practice for interests for late notifications 

The smaller chamber of the Swiss parliament voted today in favor of many Swiss tax payers which have been threatened with substantial payments for late interest due to late notification of dividends. Swiss Federation to release CHF 600 million.

The UK’s changes to the tax rules for non-doms

On 19 August 2016 the Government published more details about the proposed new rules which fundamentally change the way in which UK resident non-UK domiciled individuals (non-doms) will in future be taxed in the UK. All non-doms could be impacted by these latest Government announcements.

Swiss Federal Supreme Court considers Dutch Group Request as permissible

While the Federal Tax Administration found the Dutch group request to be permissible in fall 2015, the Swiss Federal Administrative Court on the other hand deemed it not permissible. However, upon its deliberations held on 11 September 2016, the Swiss Federal Supreme Court decided that this group request was acceptable after all.