Family Offices, Trustees & Fiduciaries series – Are you ready for tax transparency?

We are delighted to invite you to join us for a session of talks and discussions around current tax transparency topics at KPMG’s tax transparency series for trustees, fiduciaries & family offices. Choose between our sessions on Tuesday 25 February in Zug, Thursday 27 February in Zurich, or Tuesday 3 March in Geneva and Lausanne.
1

QI/FATCA reporting requirements in respect of the tax year 2019

Summary of the relevant forms and deadlines for the 2019 QI and FATCA reporting to be filed in 2020.

Final regulations reducing burden under QI & FATCA

On 27 December 2019, the U.S. Department of Treasury and the U.S. Internal Revenue Service IRS released final regulations under chapter 4 (FATCA) and chapter 3 (QI) providing burden relief under QI & FATCA.

New ruling on perceived dividend stripping and stock lending transactions

On 16 December 2019, the Swiss Federal Supreme Court ruled on a case concerning perceived dividend stripping transactions. Similarly to previous rulings, the Court once again rejected the refund of Swiss withholding tax.

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.
8

Swiss tax reform moves forward

While signatures are being collected to vote on the latest tax reform, the Swiss Federal Tax Administration recently announced that it will no longer apply federal practices concerning principal companies and Swiss finance branches to new companies from 2019.
7