Automatic Exchange of Information

Circumvention of the AEoI: New OECD rules against fictional residences

In March 2018, the OECD accepted the Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures. In parallel, the OECD launched a further initiative called “Preventing abuse of residence by investment schemes to circumvent the CRS”, aimed at fictitious tax residences based on investments.
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Neue OECD-Regeln für AIA-Vermeidungsvereinbarungen

Der Automatische Informationsaustausch (AIA) hat sich als globaler Standard durchgesetzt. Dennoch hat die OECD bereits im Dezember 2017 eine Vernehmlassung zu „Bindenden Offenlegungsregeln für den Umgang mit AIA-Vermeidungsvereinbarungen und Offshore-Strukturen“ eröffnet, welche am 15. Januar 2018 endete.
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Country-by-Country Reporting: Voluntary filing for FY16 due 31 December 2017

Filing Country-by-Country Reports (CbCR) for 2016 tax year is due until 31 December 2017 for multinationals with financial years beginning on 1 January of the calendar year.
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Country-by-country reporting adopted and in force 1 December 2017

On 29 September 2017 the Federal Council adopted the Ordinance on the International Exchange of Country-by-Country Reports (CbCR) of Multinationals. The Ordinance will come into force on 1 December 2017.
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Stagnating tax rates

As revealed in KPMG’s Swiss Tax Report 2017, no noteworthy shifts in tax rates were discernible for the past year as a whole. Following some minor cuts in 2016, indications this year are pointing to yet another unmistakable trend toward stagnating regular corporate tax rates. The circumstances regarding individual tax rates are similar.
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AEoI’s impact on collective investment schemes and asset managers

If you’re involved in collective investment schemes, you must carefully assess whether you have to fulfil any AEoI obligations. If an entity qualifies as reporting financial institution, it’s important to carry out reporting but also due diligence procedures to identify all reportable persons.
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