Country by country reporting

5 things to consider for the 2018 country-by-country reporting

In December, the annual country-by-country (CbC) reporting process kicks in for many multinational companies (MNCs). We share five areas for companies to consider in order to improve the CbC process.

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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BEPS and the “No” to the Swiss Corporate Tax Reform III

The Swiss people voted “No” on the proposed Corporate Tax Reform III on 12 February 2017. What does this mean for Switzerland’s position on and implementation of BEPS? Generally speaking, there is very little or no direct impact, and in particular Action 13 with CbCR is not affected at all.
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BEPS: Swiss Act on Country-by-Country Reporting

On 13 April 2016, the Swiss Federal Council initiated the consultation on the multilateral agreements on the exchange of country-by-country reports and the federal act required for its implementation. According to this timeline, a first exchange will happen in 2020. Earlier exchange could take place on a voluntary basis.
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