Tax and Legal blog
Stay up to date with the latest tax and legal issues and developments that may affect you and your business.
Switzerland Social Security: Contribution rates as of 1 January 2022
The Swiss social security contributions as of 1 January 2022 remain unchanged in comparison to 2021.
Who needs expats?
Our response to the Economist article ‘Who needs expats?’ published on 18 September 2021.
Financial Services Industry Tax Webinar on 14 December - tax and transfer pricing insights from Thibaut Urbain (SFTA)
We would like to invite you to our next Financial Services industry webinar on Tuesday, 14 December at 09.30am (CET) where we will discuss recent tax developments relevant to the Swiss FS industry. We are delighted to be joined by Thibaut Urbain, who is a transfer pricing expert with the Swiss Federal Tax Administration (SFTA).
International Tax webinar on 21 Dec - Practical implications on the Pillar 1 & 2 policy solutions developed by the OECD
With the international tax deal officially endorsed by the leaders of the G20 countries at their meeting in Rome on 30/31 October, additional technical guidance on how the Pillar 1 & 2 solutions shall operate is expected to be published by the OECD towards the end of November 2021.
Join our VAT Breakfast hybrid events: Swiss & International VAT update
Join us for this year's Hybrid VAT Breakfast Events which will provide an update on recent Swiss and international VAT developments and upcoming changes and will take place on Wednesday 10 November 2021 and Thursday 25 November 2021.
Global Mobility Trends Report - 2021
Not least of all due to the significant changes heralded by the COVID-19 pandemic, the world of work has been disrupted and new business and organisational models and patterns are emerging. This is particularly so in the area of global mobility.
Deloitte has carried out keynote research, interviewed global talent leaders and analysed boarder business and human capital developments in reaching the insights incapsulated in our Autumn Global Mobility Report 2021.
OECD Inclusive Framework reaches agreement on taxing the digitalized economy and a global minimum rate
On October 8, 2021 the OECD/G20 Inclusive Framework (“IF”) on base erosion and profit shifting (BEPS) issued a statement and an implementation plan (together, “the statement”) agreed by 136 of the 140 members of the IF outlining the political agreement with respect to the two pillar approach to address the tax challenges of the digitalization of the economy. Pillar One, Amount A, would reallocate profits of the largest and most profitable multinational enterprises (MNEs) to market jurisdictions; Pillar Two would impose a minimum tax on MNEs with gross revenues in excess of EUR 750 million and would require certain jurisdictions to agree to a subject to tax rule (STTR) in their treaties. A preliminary agreement had previously been announced in July. The two-pillar solution will be delivered to the G20 Finance Ministers meeting in Washington on October 13, then to the G20 Leaders’ Summit in Rome at the end of the month.
Join the virtual Immigration Academy on 2 November 2021
Join this year’s virtual Immigration Academy on Tuesday, 2 November 2021 from 2 p.m. to 4 p.m. The workshop will provide updates and discuss the latest developments in the field of immigration and remote working.
Brexit: Switzerland and the United Kingdom provide insights into recently negotiated bilateral Social Security Convention
On 11 August 2021 the Swiss Federal Council approved a new social security convention between Switzerland and the United Kingdom. It was officially signed by the Federal Council on 9 September and its provisional application was accepted by the Swiss parliamentary commissions. It is intended to apply this new convention provisionally from 1 November 2021, subject to the approval of the UK competent authorities. The new convention will enter into force definitively once both countries have ratified it.
EU public Country-by-Country Reporting: Next hurdle taken and final approval expected in November
This week the council of the EU adopted the position on public CbC reporting paving the way for final approval on the EU directive by the parliament in November. This implies that EU public CbCR might become reality for multinationals as early as 2023.
Switzerland inches towards the complete elimination of tariffs on industrial goods
The revised Swiss Customs Act will scrap tariffs on industrial goods. This is good news for Swiss companies and consumers alike, as intermediary goods will become cheaper and customs clearance more effective and less costly.
Both chambers of Parliament (National Council and Council of States) have approved a revised text of the Swiss Customs Act. Formal endorsement is expected during the Parliament’s Autumn 2021 session, and entry into force should follow as of January 1st, 2022.