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The Electronic Assessment Decision (EAD, in French “Décision de taxation électronique”, in German “Elektronische Veranlagungsverfügung”, in Italian “Decisione d’imposizione elettronica”) is the proof for import and export customs clearance. The customs decision has to be archived by the importer respectively the exporter for potential customs or VAT audits.
2017 marks the fifth consecutive year that the industry-leading tax publication International Tax Review (ITR) has named Deloitte ʺTax Firm of the Yearʺ in Switzerland. Deloitte was also chosen as "Transfer Pricing Firm of the Year" for the fifth time in the last six years. Winning these awards for many years highlights the continuous success story of the firm’s tax and legal advisory services in the Swiss market.
Since BEPS, multinational companies are operating in an environment of unprecedented complexity. The rising volume and variety of intercompany transactions and transfer pricing regulations, coupled with increased tax authority collaboration across borders present both risks and opportunities. Our transfer pricing updates will provide you with the latest transfer pricing issues and developments worldwide that may affect your business.
On 10 May 2017, the Swiss Federal Council decided to invoke the Safeguard Clause for Bulgarian and Romanian citizens. The quotas are implemented for a 12 months period and apply to B permits.
Transfer pricing & financial services industry – Areas of high interest and increased scrutiny by tax authorities around the globe
Anti-avoidance measures like the anti-tax avoidance directive (ATAD) and the multinational anti-avoidance law (MAAL), which target aggressive use of low-tax jurisdictions as booking locations for onshore customer sales activities, are on the increase in many initiatives in the post-BEPS environment. These new measures target both the profits attributable to a deemed permanent establishment (PE) as well as obligations arising from royalty and interest withholding tax regimes.
Anticipating tomorrow's complex issues and new strategies is a challenge. Stay connected to all the latest tax issues and strategies with our Tax Executives - live webcasts for tax professionals that give you fresh insights on important developments affecting your business. Register now to our upcoming webcast on Global tax compliance and statutory accounting reporting: Emerging trends and developments on Thursday 11 May.
Anticipating tomorrow's complex issues and new strategies is a challenge. Stay connected to all the latest tax issues and strategies with our Tax Executives - live webcasts for tax professionals that give you fresh insights on important developments affecting your business. Register now to our upcoming webcast on The Mutual Agreement Procedure process - Preparing to resolve double taxation on Wednesday 10 May.
EU posted Workers Directive and its Enforcement Directive impact employers’ liabilities within the EU
Recently many changes occurred within the EU regarding the social protection of workers and the corresponding employer’s obligations. It is crucial for Swiss employers, especially those with other entities within the EU, to be aware of the important changes that could impact the posting of their employees within those entities.
A new social security agreement between Switzerland and China will come into force on 19 June 2017. This agreement will make it much easier for companies in China and in Switzerland to temporarily assign employees to the other country.
This year, for the first time, the automatic exchange of financial account information between tax authorities will take place in accordance with the OECD’s Common Reporting Standard (CRS). Out of the 100 jurisdictions that have committed to adopting and implementing the automatic exchange of information, 52 early adopters pledged to start exchanging information in 2017 relating to 2016.
Similarly to FATCA, the CRS and the commentaries, do not require reporting FIs to notify account holders and controlling persons of any reporting executed on them. However, CRS-specific local regulations or local data protection laws may impose certain notification obligations for reporting Financial Institutions (FIs).
On 1 January 2017, the automatic exchange of financial account information based on the OECD Common Reporting Standard (CRS) entered into force in Switzerland. With the publication of the final Swiss CRS Guidance Notes (“AIA-Wegleitung”) on 18 January 2017, Swiss Financial Institutions now have detailed information at hand on how to implement CRS. In an article for the Expert Focus magazine (issue 2017|4), Deloitte specialists provide an overview of the final CRS Guidance Notes with a special emphasis on the relevant CRS due diligence obligations.