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.
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.
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.