08/2019
Bundesrat approves key points of a reform of the withholding tax
Philipp Roth
On 26 June 2019, the Federal Council decided to resume the suspended reform of the withholding tax. To this end, it approved the objectives and the key parameters.
According to the FTA's media release of 26 June 2019, the core element of the reform proposal is firstly to exempt domestic legal entities and foreign investors from withholding tax on Swiss interest investments (strengthening the Swiss bond market). On the other hand, the security purpose for natural persons in Switzerland is to be extended, thus combating tax evasion.
A corresponding consultation draft should be available by autumn 2019.
The press release and further details are available here.
First publication:
www.taxlawblog.ch
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