Tax and Legal blog
Stay up to date with the latest tax and legal issues and developments that may affect you and your business.
SAP GTS webinar on 7 June - The next generation of global trade automation systems
The next generation of global trade automation has arrived in the new SAP GTS, Edition for HANA (E4H). Are you aware of the new solution and its capabilities? What are the key benefits and implementation options? How can the new system support your transition from e-dec to Passar?
Corporate group financing from Liechtenstein
Liechtenstein as business location
Liechtenstein is a small country in the heart of Europe, which offers a broadly diversified and stable business location with more than 4,800 active companies.
In the last ten years, Liechtenstein has successfully positioned itself as an onshore location for international groups. This can be seen, for example, in the proactive adoption by Liechtenstein of international developments in the tax area as part of its early adopter strategy and in the growing network of double taxation agreements. Nevertheless, Liechtenstein has managed to continue to offer favorable tax planning options in selected areas.
How is your organisation responding to current tax transformation trends?
Our last tax transformation trends survey report, in a series of three, has been issued. While the first two reports focused on transformation trends in tax operations and workforce, this last issue is centred on tax technology. This blog aims at highlighting key findings of the reports series.
Join our Transfer Pricing webinar on 24 May 2022 at 4pm (CEST)
We would like to invite you to our upcoming webinar to discuss the consequences of disruptions to the international business environment and the implications from a transfer pricing and trade compliance perspective. The webinar will be hosted on Tuesday 24 May 2022 at 4.pm (CEST)
EU and Swiss sanctions against Russia & Belarus: 10 practical questions for your business
The invasion of Ukraine by the Russian army and the continuing destruction of the country have triggered strong reactions from most Western countries, who have imposed increasingly strict sanctions on Russia and Belarus.
The situation is evolving rapidly and the latest sanctions by the EU are some of the most extensive ever adopted. Switzerland has followed suit and adopted most of the EU’s measures. The sanctions now affect a large number of individuals and entities, the financial sector as well as trade in goods and services. Companies dealing with Russian and Belarusian business partners face a legally complex and risky landscape.
Tax authorities want a slice of the virtual pie: a new OECD Crypto-Asset Reporting Framework is on the horizon
Since the creation of the world’s first cryptocurrency by Satoshi Nakamoto in 2008, over 5’000 types of cryptocurrencies have emerged. The World Economic Forum estimates the total market cap of digital currencies at USD 1.7 trillion with over USD 90 billion of worth traded daily. In Switzerland, the use of blockchain technology and cryptocurrencies is also on the rise. Lugano recently launched “Plan B” making bitcoin legal tender and allowing citizens to pay for public services or taxes in Bitcoin, while Zug is known to many as the Swiss “Crypto Valley”.
Cryptocurrencies and Your Swiss Tax Return: Reporting requirements and tax implications
Cryptocurrencies are a relatively new asset class which has experienced explosive growth in popularity and use over the last few years. With many taxpayers now holding tokens and cryptocurrencies in their personal investment portfolios, we provide an overview of what to consider when filing your personal Swiss tax return.
Seasons change and so does CRS: the OECD publishes public consultation document on amendments to the Common Reporting Standard
Nearly eight years after the adoption of the Common Reporting Standard (CRS), the Organisation for Economic Co-operation and Development (OECD) have done a bit of spring cleaning and published a public consultation document on a Crypto-Asset Reporting Framework (CARF) and proposed amendments to the CRS.
Join our hybrid VAT Breakfast Event on Wednesday, 30 March at 8am CEST
Join our 2022 hybrid VAT breakfast event on Wednesday, 30 March at 8.00am (CEST), where we will focus on VAT audits, year-end financial closing and indirect tax cash optimisation.
About the event
We are excited to be hosting events in person again, and for the first time our VAT Breakfast Event will take place in a unique hybrid format. You will have the option to attend in-person in Zurich or Geneva with presentations streaming from both locations. Alternatively, you will also have the option to attend online.
Swiss Federal Council activates protection status S for refugees from Ukraine
The Federal Council decided on March 11, 2022 that persons who have had to leave Ukraine because of the war will be granted protection status S in Switzerland. This gives refugees a quick and unbureaucratic right of residence in Switzerland without having to go through a regular asylum procedure and is valid initially for 1 year.
New Cross-Border Double Taxation Agreement between Switzerland and Italy – Updates
On 1st March 2022 the Swiss Parliament granted final approval for the new double taxation agreement for frontier workers (“the Agreement”) between Switzerland and Italy. With their approval Switzerland has completed the formal process to put the Agreement to a final vote. On the Italian side, similar steps are being taken. Provided both countries conclude the ratification process in 2022, the Agreement will be applicable as of 1st January 2023, leading to important changes for both Italian and Swiss cross-border commuters.