On June 21, 2018, the Swiss Federal Tax Administration SFTA published a first draft of their adjusted practice guidelines regarding the taxation of crypto currencies with respect to the value added tax (VAT).
The Swiss Federal Tax Administration (SFTA) has published a new Circular Letter on May 4, 2018 regarding the tax treatment of participation benefits at the level of the employer.
Unlike Hamlet's agonizing question, the question of the arbitration agreement is of much less importance. Nevertheless, this question regularly leads to heated discussions during contract negotiations and can be of great importance for the parties.
According to a further decision of the commercial court of the canton of Zurich in the Swissair case, the centralized management of the financing of a group of companies does not constitute a breach of the non-transferable and inalienable financial responsibilities of the board of directors of the controlled company.
The Blockchain Taskforce has released the White Paper with recommendations how to amend the current law to appropriately reflect the new developments in connection with the blockchain technology and Initial Coin Offerings.
On January 1, 2017 the legal basis for the introduction of the automatic exchange of information (AEOI) came into force.
The Canton of Zug welcomes the dispatch from the Federal Council and underlines the importance of the reform to maintain legal certainty and attractiveness as a business location.
Artificial Intelligence is no longer science fiction. In connection with the new Blockchain-based technologies, the legal world is not only facing major challenges in particular with regard to civil and criminal law, but is also experiencing a wide range of new and thrilling legal instruments to address contemporary business issues.
In new guidelines published on 16 February 2018, the Swiss Financial Market Supervisory Authority sets out how it intends to apply financial market legislation in handling enquiries from ICO organisers.
On 8 January 2018, the Crypto Valley Association (“CVA”), a Swiss based non-profit organization, published a Code of Conduct for Initial Coin Offerings.