Vaud confirms massively lower corporate tax rates

The legislative roadmap released by the Vaud Council of State on 1 November 2017 confirms a substantially reduced corporate tax rate of 13.79% in the canton of Vaud as of 1 January 2019, irrespective of the Federal Tax Proposal 17 currently under way.

US Tax Reform: Surprising news for Swiss groups

The Ways and Means Committee of the US House of Representatives released a legislative text last week. This text represents the most significant step towards tax reform in over 30 years and begins the first official phase of the tax reform process.

MiFID II – Swiss VAT impact on service pricing

Under MiFID II, financial institutions providing both execution and research services must price and supply them separately (i.e. unbundled). As the separately supplied research service is subject to 7.7% VAT, the new rule will impact Swiss businesses providing or receiving research services.

US Tax Reform: no breaking but some further news for Swiss groups

A much anticipated tax reform framework was released last week. It serves now as a template for the tax-writing committees of the House and Senate, whereby the details need to be elaborated by these committees. The Framework can thus be viewed as an important but small step on a long, uncertain journey that doesn’t necessarily end in 2017.

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.

Swiss VAT rate reduced as of 1 January 2018

Swiss voters said no to the reform of the pension scheme. As a result, Swiss VAT rates will be reduced. Taxable persons must be ready as of 1 January 2018 - a very short deadline.