Global Employer Services in Tax and Legal blog

Swiss Immigration Update - Switzerland and United Kingdom Extend the Services Mobility Agreement (SMA)

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Switzerland and the United Kingdom (UK) have jointly agreed to extend the terms and conditions outlined in the Services Mobility Agreement (SMA) for another three- years until December 31st, 2025. UK-based companies can therefore continue to make use of the online notification procedure and obtain short-term work permits to post service providers to Switzerland.

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Posted on 25/11/2022 | 0 Comments

Swiss Immigration Update: Re-introduction of Quotas for Croatian nationals as per 1 January 2023

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The Swiss Federal Council has reacted to the high number of Croatian workers who have entered the Swiss labour market since the beginning of this year and has decided to invoke the ‘safeguard clause’ for Croatia. Therefore, as of 1 January 2023, Swiss employers will be required to make sure that a work permit is granted to Croatian nationals before they take up employment in Switzerland. For Swiss employers this will mean longer processing times for Croatian workers and a possible impact on planned start dates in 2023.

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Posted on 22/11/2022 | 0 Comments

Planned update to the French tax at source regime: a relief for Swiss employers?

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The latest draft of the French finance bill for 2023 foresees that employment income received by French residents from a non-French employer would no longer be subject to the monthly tax at source withholding obligation in France.

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Posted on 7/11/2022 | 0 Comments

Tokens as part of an employee’s compensation package: Reporting requirements and tax implications in Switzerland

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Tokens form a relatively new asset class which has experienced explosive growth in popularity over the last few years. But what exactly needs to be considered by employers and employees when tokens are used as incentives and make up part of an employee’s total compensation package?

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Posted on 12/10/2022 | 0 Comments

Swiss pension distribution to Italian residents

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New requirement for refund of Swiss withholding taxes

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Posted on 17/08/2022 | 0 Comments

Social Security Update: Switzerland Remote Work / Cross border commuters COVID-19 “no-impact” position extended until 31 December 2022. Expansion to all European Economic Area countries and Switzerland

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Considering the impact COVID-19 is still having on travel and work arrangements and its consequences in terms of work patterns for cross-border commuters and assignees a-like, the social security authorities of all EEA countries and Switzerland have decided, in the framework of the Administrative Commission’s meeting of this week, to extend the “no-impact” position in view of determining the applicable social security legislation up until 31 December 2022.

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Posted on 16/06/2022 | 0 Comments

Cryptocurrencies and Your Swiss Tax Return: Reporting requirements and tax implications

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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.

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Posted on 4/04/2022 | 0 Comments

Swiss Federal Council activates protection status S for refugees from Ukraine

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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. 

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Posted on 14/03/2022 | 0 Comments

New Cross-Border Double Taxation Agreement between Switzerland and Italy – Updates

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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.

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Posted on 10/03/2022 | 0 Comments

Swiss Federal childcare costs deduction has been increased to CHF 25,000 as of January 1st 2023

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Deductible annual childcare costs for children under 14 will more than double from the current amount of CHF 10,100 to CHF 25,000 per child as of 1 January 2023 for Federal Direct Tax purposes. The conditions are that parents must be able to prove the costs and that they are in need of childcare (i.e. because they are working or studying).

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Posted on 1/02/2022 | 0 Comments