11/2020
FTA publishes circular "Information sheet on withholding tax on substitute income
Tamara Bosch
On 29 October 2020, the Federal Tax Administration published the circular "Instruction sheet on the withholding tax on substitute income" (2-186-D-2020-e). This leaflet has been completely revised in the course of the provisions on the revision of withholding tax that will come into force on 1 January 2021.
Both the totally revised ordinance on withholding tax for direct federal tax(QStV) and Kreisschreiben 45 (see our contribution of 15 June 2019) served as a basis.
The most important changes are taxation with tariff code G for replacement income not paid out via the employer and the specifications for determining the income determining the rate.
All FTA circulars are available here.
First publication:
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