What to know about the EU Mandatory Disclosure Rules (DAC 6)

On May 25, 2018, the most recent amendments to the Directive on administrative cooperation in the field of taxation (“DAC 6”), which introduce mandatory disclosure requirements for tax intermediaries and relevant taxpayers. EU Member States have until December 31, 2019 to change their domestic law, which will be applicable from July 1, 2020.

UK capital gains tax expanded to non-UK residents

From April 2019, non-UK residents will be subject to UK tax on gains arising from direct or indirect disposals of all types of UK land & real estate, and interests in UK property holding entities.

New guidance from the FTA

The Federal Tax Authority has published the much-awaited update of their guidance in relation to foreign companies.
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Swiss Stamp Transfer Tax – New Court Decision

The Swiss Federal Supreme Court has made a new decision concerning Stamp transfer tax which addresses the identification as securities dealer, the treatment of direct proxy relationships and the relevance of the information in the Stamp transfer tax journal.
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Neues Prospektrecht – Konkretisierung durch Verordnung

Das neue Finanzdienstleistungsgesetz FIDLEG und die Ausführungsverordnung DIFLEV sollen auf den 1. Januar 2020 in Kraft treten.

First AEoI audits by Swiss Federal Tax Administration

The Swiss Federal Tax Administration is planning to perform audits in the field of Automatic Exchange of Information across Swiss financial institutions

 

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