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26
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11
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2020
11/2020

Federal Council wants to exempt too-big-to-fail instruments of banks from withholding tax by the end of 2026

Selina Many

Selina Many
Selina ManySelina Many
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At its meeting on 28 October 2020, the Federal Council adopted a dispatch on the Federal Act on Withholding Tax with regard to the treatment of interest on too-big-to-fail instruments (TBTF).

In order to maintain financial stability, TBTF instruments will be exempted from withholding tax until the end of 2026.

The corresponding media release and the associated documents are available here.

First publication:
www.taxlawblog.ch

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