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Swiss Tax e-newsletter - March 2020
Discover the recent tax news in our newsletter! (content in English or French)
Covid-19: VAT measures
The Federal Council has decided that the payment deadline for VAT credits will be extended from 20 March to 31 December 2020.
Excessive salary: when the tax authorities interfere in the remuneration of the shareholder-employee!
While significant latitude is given to the employer to set the remuneration of its employees, this latitude is not unlimited when the employee is also a shareholder. (Article in French)
OECD’s ICAP pilot: seeking an end to double taxation and international tax disputes for multinationals
BEPS (Base Erosion and Profit Sharing) is an initiative to fundamentally redefine the rules of international taxation. Its 15 ambitious projects share a common purpose, namely not to create new double taxation situations but instead, pursue research to improve the consistency and coordination of cross-border tax risk assessments for businesses. The OECD, with the support of the Forum on Tax Administration, is working to help improve tax cooperation between fiscal authorities and above all, avoid the legal complications that can arise from situations of international double taxation for businesses.
E-commerce and VAT: how to operate on the Swiss market?
E-commerce allows companies to easily conduct transactions with customers located around the world. However, there are many pitfalls when it comes to VAT. Here is an overview of the various rules to be observed in connection with VAT registration in Switzerland. (Article in French)
Huge impact of the new 50/50 rule concerning the capital contribution on listed companies in Switzerland
The Federal Act on Tax Reform and AHV financing (TRAF) was adopted by the Swiss citizens and the cantons on May 19, 2019. Among the implementation of various tax measures, the restriction on capital contribution principle for Swiss listed companies is one of them. Indeed, since January 1, 2020, Swiss listed company should observe specific rules when distributing dividend from capital contribution reserves (the so-called 50/50 rule).