FTA publishes notice on liquidation of collective investment schemes (investment funds)

The person liable to withholding tax must inform the FTA of the dissolution of a contractual collective investment scheme (FCP), an investment company with variable capital (SICAV), a limited partnership for collective investment schemes (KmGK) or an individual sub-fund thereof in accordance with Art. 96 or 109 CISA prior to the commencement of the liquidation act (so-called fund liquidation).

The FTA hereby confirms receipt of this information and advises that trading in the unit certificates is to be discontinued as of the date of dissolution.

Subsequently, the liquidation balance sheet with profit and loss account, which has already been audited by the auditing bodies, the bookkeeping (balance sheet) of the current business year up to the liquidation as well as the draft notification of the final payment must be submitted to the FTA.

All liquidation notifications and deliveries of documents are now to be submitted exclusively in electronic form to the e-mail address fondsliquidationen.dvs@estv.admin.ch. Physical delivery shall only take place in exceptional cases.

After the FTA has reviewed the submitted documents, it sends the fund management company the liquidation confirmation. Based on this confirmation, the fund management company can make the final payment. At the same time, it must declare the withholding tax. Once the final payment has been received by the FTA, the collective investment scheme is deleted from the register.

The notice is valid from 30.08.2021 and is available here (incl. further details).