Tax Blog
Stay up to date with the latest tax issues and developments that may affect you and your business.
The future of remote working: Latest update on the social security position
The Swiss Federal Council has cancelled the recommendation issued on 22 June 2020 regarding working from home. However, many Swiss companies are still advising their employees to work from home if possible, or are having a phased approach for returning to the office. In addition, the impact of the current spikes in new COVID-19 cases across Europe will need to be considered.
New draft German law could mitigate issues related to German extraterritorial taxation
There have been concerns lately that the German tax authorities might seek to tax certain extraterritorial royalty payments associated with German intellectual property (IP). Although the potential for extraterritorial tax has existed under Germany’s tax rules for a number of years, the possibility that these rules might be applied to certain structures has only recently become known. Whether the tax rules will be applied to specific transactions will depend on the facts and circumstances in each case.
Update on Swiss travel restrictions: New list of high-risk countries as of 23 November 2020
Update on Swiss travel restrictions: New list of high-risk countries as of 23 November 2020.
Updated Quarantine Country list in force as per 29 October 2020. Since 11 May 2020 various steps have been taken to relax restrictions on entry into Switzerland. Entry restrictions at the borders to all Schengen states were lifted on 15 June 2020. Since then, the internal borders between the Schengen states and Switzerland have been re-opened, and there is again full freedom of movement of persons, including all EU/EFTA states and the United Kingdom.
Multi-state workers, Assignments and Brexit. How is Swiss Social Security impacted?
The UK’s departure from the EU means that EU regulations no longer apply in UK/Swiss cross-border social security cases. While the governing principle for EU cross-border cases is payment into a single system, Brexit will mean that Swiss and UK nationals who work in both countries will need to pay split contributions. All third country nationals might even risk having to pay double contributions.
To mitigate this, employers should apply now for extensions of the multi-state worker certificates of coverage (A1).
Future of Remote Work: the long-term potential and the role of global mobility
The pandemic has accelerated thinking on the future of work. Virtualisation of the workforce is taking place in many organisations and there are many implications to be considered. Employees and employers want to evaluate the long-term potential for remote work.
Global Mobility functions are taking the opportunity to lead from the front and to evolve their organisations’ thinking and approach.
Out now! Living and Working in Switzerland 2020-2021: the one-stop guide when relocating to Switzerland
We are pleased to present our brand new edition of Living and working in Switzerland 2020-2021. This guide provides individuals coming into Switzerland and their employers an overview of taxes, regulatory and employment‑related matters, as well as practical information about housing, banking, and education.
Switzerland is an attractive country for international employees and companies in terms of its strong economy, its safety and its stable political environment. However, before relocating to Switzerland, it’s important to get informed about a certain number of topics.
Join our "Switzerland needs global talent" study virtual event on 9 December 2020 at 5pm (CET)
In partnership with the Swiss-American Chamber of Commerce, we are pleased to invite you to join our virtual event to discuss the findings of Switzerland needs global talent study: Winning the ‘War for talent’ and ensuring Switzerland remains competitive on 9 December 2020 at 5pm (CET).
What can you expect
We will be joined by engaging guest speakers Thomas Landolt from IBM Switzerland, Bettina Schaller from Adecco and Valentin Vogt from Swiss Employers Association to discuss the current situation around global talent availability, the key issues confronting Swiss-based companies and concrete proposals to help strengthen the competitiveness of the Swiss economy in this crucial field.
What are the potential U.S. tax consequences of a Joe Biden presidency?
On December 22, 2017, President, Donald J. Trump, signed into law the Tax Cuts and Jobs Act (TCJA) that brought sweeping changes to the domestic and international U.S. tax system. The TCJA contains a “sunset” for many of its provisions and some will cease to exist at the end of 2025 unless additional legislation is passed. President-elect Biden may now consider repealing certain tax laws before the sunset provisions lapse. During the election campaign, President-elect Biden’s proposed tax changes indicated that tax revenue would increase by $2.65 trillion over the next decade with 6.5% less after-tax income for the top 1% of taxpayers. A focus was placed on raising taxes on labour, investment and business income for those earning over $400,000 and an increased payroll tax for the wealthy. If the democrats win the Senate and can pass legislation easily, what are the potential tax changes for individuals, employers and businesses?
Join our next GES webinar: The new Tax at Source law - it's time to act on Wednesday, 2 December at 9.30am (CET)
After our March 2020 "Tax at Source seminar", we have received many questions from companies regarding the implementation of the new tax at source law and would like to host our next "Tax at Source seminar - it's time to act" virtually on Wednesday, 2 December 2020 from 9.30 a.m. to 11 a.m. (CET), where we will discuss together practical questions with the representatives from the tax authorities of Canton Zurich and our Deloitte expert.
About the seminar
Join our VAT Breakfast virtual event: Swiss & International VAT update on Tuesday, 8 December at 9am (CET)
Join our 2020 VAT Breakfast event virtually on Tuesday, 08 December at 9.00am (CET), where we will provide an update on Swiss and International VAT, as well as to connect together our VAT community.
About the webinar
The VAT landscape and requirements for VAT professionals are constantly changing, creating unknowns and uncertainties. Getting VAT wrong can seriously affect your organisation, in terms of additional costs, stiff penalties imposed by the authorities or missed opportunities to simplify. Especially these days organisations looking at their VAT departments and asking whether they can support with various measures financial performance.