Pillar 2
You will find here a series of articles on Pillar 2. Enjoy reading.
In operating in the global economy, businesses and their owners require and choose to make investments in international markets that provide the optimum return. Informed and practical tax advice influences these critical investments and maximises financial returns.
Withholding tax - Simplification of the practice
The entry into force of the Federal Act on the Execution of International Tax Treaties (ETA) on 1 January 2022 has resulted in a change in the current practice of the Federal Tax Administration (FTA) with regard to withholding tax in the case of international profit adjustments resulting from a mutual agreement procedure.
International tax reform in Switzerland
Switzerland could reform international taxation and introduce an obligation for multinational companies to pay a fair share of taxes wherever they operate.
Introduction of the tonnage tax in Switzerland
According to the reported figures, in 2019, the Swiss shipping sector ranked 9th worldwide and 4th in Europe on the basis of tonnage, which makes Switzerland one of the leading countries in this field. It is therefore hardly surprising that the introduction of a tonnage tax has been under discussion since the early 2000s.
Whether you are an international business making direct inward investment into Switzerland or a Swiss company looking to expand into international markets, Mazars tax advisors have a long tradition and the requisite experience in assisting companies with setting up international operations both in Switzerland and abroad.
Mazars is an international integrated partnership. We operate in 86 countries and provide international tax advice on a variety of tax issues to multinational businesses through our vast global network of tax experts. We advise our clients on where intellectual property should be located and how the global supply chains should be configured in order to mitigate the overall effective tax rate.
Our services include:
- Advice on cross-border tax structuring, planning, reporting and risk management
- Advice on cross-border mergers and acquisitions
- Identifying the most tax-efficient way to structure your businesses in Switzerland and abroad
- Structuring the funding of your overseas business considering the various domestic tax laws
- Advice on the international financing and structuring of the operations globally
- Advice on transfer pricing policy and TP documentation requirements at country level
- Foreign tax credit advice and planning to minimise withholding tax burden
- Management of the effective tax rate at group level
- Assistance and global coordination regarding tax compliance and tax obligations of the group entities
- Assistance on tax reporting and tax risk assessment regarding the group financial statements
