The Swiss Federal Tax Administration (SFTA) has published the list of exchange rates of foreign currencies and cryptocurrencies as per December 31, 2020. The exchange rates are used to determine the tax values of foreign currencies and cryptocurrencies in CHF which individuals have to declare in their private tax declarations for net wealth tax purposes.
In collaboration with our colleagues in the EU we have filed an EU Growth Prospectus for the public sale of participation certificates by a Swiss Startup in the Crypto Valley.
Legal entities and partnerships ceasing their business activities should be formally liquidated sooner or later. The required proceedings and tax consequences in Switzerland are summarised in this newsletter.
We are delighted to have been ranked in the top category of law firms in Switzerland for tax and employment law in 2020.
Due to the Coronavirus situation the tax authorities of the Canton of Zug have taken various measures to support the taxpayers. For individuals, the deadlines to submit the tax return or the application for a tax rate correction (for taxpayers taxed at source) have been postponed to June 30, 2020. The deadlines for individuals and companies to pay taxes have...
Pursuant to the decree, the Federal Council has announced the start of the Easter judicial vacations in civil and administrative proceedings as early as 21 March 2020 (instead of 5 April 2020). The prolongation applies in all proceedings under federal or cantonal law. Only in proceedings in which no court vacations already apply, in particular in urgent matters (summary proceedings),...
The tax burden between the cantons and also between municipalities within the same canton may vary considerably. Our examples of the corporate tax rates and tax rates for individuals for 2020 tax year provide a first overview.
Our tax experts address the most relevant questions regarding the real estate gains tax in Switzerland, with a particular focus on the Cantons of Zug, Zurich and Lucerne.
During its meeting held on 15 January 2020, the Swiss Federal Council took note of the recent developments regarding so-called stable coins. Stable Coins are blockchain-based tokens that are backed with assets in order to minimize fluctuations in value.
Since January 1, 2020, Simon Fricker is supporting the team of Reichlin Hess. With this appointment Reichlin Hess continues to grow in the areas of employment law and litigation.
On 13 November 2019, the Swiss Federal Council approved three ordinances in connection with the Federal Act on Tax Reform and AHV Financing (TRAF) that will enter into force on 1 January 2020. The three ordinances provide specifications regarding the credit of foreign withholding taxes, the application of the patent box regime, and the notional interest deduction on surplus equity.
The tax appeal court of the Canton of Zurich dealt in a recent decision with the taxation of capital gains in connection with the sale of shares by individuals and its possible treatment from a Swiss income tax perspective. In general, if individuals resident in Switzerland realize a gain from the sale of tangible assets it should not be subject to Swiss income taxes. However, a few important exceptions should be considered.