Global Employer Services in Tax and Legal blog

Swiss Equity Incentive Reporting – Struggling with Equity Annexes?

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Swiss tax law requires employers who incentivise employees with equity- based compensation, settled either in cash or in equity, to provide the tax administration with a summary of the taxable amounts, exchange rates used and other information. Even in the absence of any transaction, a yearly recap must be provided to the authorities. When equity awards are taxed across multiple jurisdictions the summary also needs to include the calculation method used to allocate taxing rights and determine the exact amount of Swiss taxable income.

This summary document is commonly called an “equity annex” and needs to be delivered at the same time as the Swiss salary certificate. Many employers often struggle to gather the information, prepare the annex and deliver it on time to employees.

However, there are automated reporting solutions that can make this process easier.

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Posted on 4/06/2024 | 0 Comments

Join our Swiss Advisory Roundtable: Latest updates on individual tax, social security and immigration

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Sign up for our next Swiss Advisory roundtable "Latest updates on individual tax, social security and immigration – Spotlight: From hiring to ending: tax, social security and employment law aspects for executives” in:

  • Zurich - Thursday 6 June
  • Geneva – Tuesday 11 June
  • Basel – Tuesday 18 June

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Posted on 22/05/2024 | 0 Comments

Deloitte Immigration Academy 2024: Join our half-day workshop!

Sign up for our Immigration Academy half-day workshops. This year we will be joined by the State Secretary for Migration (SEM) and the Zurich Labour Market Authorities (AWA). Together, we will provide updates and discuss the latest developments in the field of immigration.

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Posted on 2/05/2024 | 0 Comments

How does the EU's revised Proposal for a Corporate Sustainability Due Diligence Directive impact Swiss & international business?

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After prolonged negotiations, the European Parliament officially adopted the Corporate Sustainability Due Diligence Directive (CSDDD) in a significantly scaled-down version in its plenary vote on April 24, 2024.

Essentially, the EU Directive applies to EU-based and international companies that meet certain criteria on size, such as the number of employees and/or turnover. Additionally, it extends to companies that are direct or indirect business partners of the entities falling within the scope of the Directive. The primary focus is on the chain of activities of companies by imposing due diligence obligations on the entities within scope and their business partners to address potential adverse human rights and environmental impacts.

Even if a Swiss or international company is not directly subject to the requirements of the Directive, it is advisable to review the business relationships and proactively implement human rights and environmental due diligence processes considering international standards, and to enhance transparency along the value chain. This will enable companies to meet the demands of their European customers, maintain competitiveness, and enhance their level of preparedness for future legislations in this field.  

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Posted on 25/04/2024 | 0 Comments

Join our Global Employer Services webinar on 7 March 2024 at 10 am (CET)

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We would like to invite you to our upcoming webinar on Commuters between Switzerland and Italy: Update on income tax and social security rules.

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Posted on 29/02/2024 | 0 Comments

Between labour shortages and the desire to work part-time: ways out of the Swiss labour market crisis

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We are pleased to announce the release of the third article in our Pulse of Switzerland series, which highlights the current state of the Swiss labour market and offers insights into the attitude of employees with regards to their employability and part-time work. In light of the labour shortage crisis, the article addresses how both policymakers and companies can make gainful employment more attractive for mature workers, and how to increase the value of full-time work.

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Posted on 28/02/2024 | 0 Comments

Zurich labour market authorities are introducing a new work permit submission platform

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As of 22nd of January 2024, the Zurich labour market authorities (AWA) will replace their previous online portal e-Workpermits to submit work permit applications with their new platform called eArbeitsbewilligungen. The updated platform aims to make the work permit submission process more efficient and user-friendly.

Deloitte was one of the test users during the trial phase in 2023. In this blog, we will delve into the key changes of the platform and provide an overview of it.

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Posted on 18/01/2024 | 0 Comments

Swiss Immigration Update - Switzerland releases work permit quotas for 2024 - Review 2023 and pre-view of upcoming changes in 2024

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The Swiss government has set work permit quotas for non-EU nationals, UK nationals and for EU nationals on assignment. Furthermore, Croatian nationals will again be subject to Swiss quotas as of 2024.

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Posted on 30/11/2023 | 0 Comments

B and C Permit Suspension – possibilities and requirements for Swiss permit holders

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Foreigners in Switzerland who are holders of B or C permits may find themselves obliged to leave the country, whether for a work assignment or personal reasons. In these circumstances it is possible to temporarily suspend B and C permits. This provides permit holders with a solution that protects their immigration rights and permits while they are absent from Switzerland. In this blog post we delve into the requirements for and benefits of this option which makes it easy for individuals to regain their permits and the associated rights upon their return.

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Posted on 9/10/2023 | 0 Comments

Update of the Geneva practice on the taxation of management incentive plans

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On July 3, 2023, the Geneva tax authorities (GTA) published on their website an amendment to the way in which they tax management incentive plans.

The new amendment increases the scope for beneficiaries of management incentive plans to receive benefits in a more tax efficient way.

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Posted on 24/07/2023 | 0 Comments