Indirect Tax in Tax and Legal blog

European Commission to Introduce Corruption Sanctions

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Corruption sanctions are the new political weapon of the EU to thwart kleptocratic behaviour and illicit money flows globally. The continuing trend towards values-based sanctions, such as corruption sanctions, shows a strong inclination on the part of like-minded governments to pursue an interconnected due diligence approach. Ursula von der Leyen, President of the European Commission, announced that the EC will prioritise defending European values abroad by introducing corruption sanctions. This calls for European companies, including Swiss ones, to ensure that their Sanctioned Party List (SPL) screening and Business Partner Due Diligence (BPDD) set-ups are up to date, interdisciplinary, complete, and reliable. Companies may have to rethink their country risk ratings.

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Posted on 21/11/2022 | 0 Comments

Join our Sanctions event on 8 December 16:30 on sanction enforcements and trends

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Sanctions are more than just a trend and sanction compliance is now a new reality for Swiss businesses. While authorities and businesses in the US and the EU have gained experience on these topics over the last decades, the Swiss market has only recently started adapting to the ever-changing geo-political and sanction landscape.

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Posted on 17/11/2022 | 0 Comments

Join our insightful upcoming VAT Hybrid breakfast event on 16 November in Zurich and/or follow-up apéro on 23 November in Geneva

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We would like to invite you to our upcoming VAT Breakfast Event which will provide an update on recent Swiss and international VAT developments and upcoming changes. The event will take place on Wednesday 16 November 2022 in our Zurich office as well as online.  

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Posted on 20/10/2022 | 0 Comments

Join our Financial Services tax webinar on 9 November 2022 at 08:30 to discuss legislative developments, court cases and practice

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We would like to invite you to our half yearly webinar where we provide key updates and discuss recent tax developments that are important for the financial services industry on Wednesday 9 November 2022 at 08:30.

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Posted on 10/10/2022 | 0 Comments

Public Vote Confirmed Swiss VAT Rate Increase and Rejected the Reform of Withholding Tax – What’s ahead?!

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VAT rate changes in Switzerland are quite common, mainly to finance “governmental projects”. The last VAT rate change took place in 2018. Based on our past experiences, we would generally expect the Swiss Federal Tax Administration (“SFTA”) to set transition rules covering both the tax point and resulting invoicing, as well as reporting rules. The key aspects mentioned hereinafter (subject to final publication and confirmation) will have to be considered from VATable persons in Switzerland.

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Posted on 26/09/2022 | 0 Comments

SAP GTS webinar on 7 June - The next generation of global trade automation systems

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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?

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Posted on 24/05/2022 | 0 Comments

Join our Transfer Pricing webinar on 24 May 2022 at 4pm (CEST)

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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)

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Posted on 11/05/2022 | 0 Comments

EU and Swiss sanctions against Russia & Belarus: 10 practical questions for your business

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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.

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Posted on 12/04/2022 | 0 Comments

Join our hybrid VAT Breakfast Event on Wednesday, 30 March at 8am CEST

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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.

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Posted on 15/03/2022 | 0 Comments

New webinar date - Practical implications on the Pillar 1 & 2 policy solutions developed by the OECD

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The much anticipated, updated model rules relating to Pillar 2 have now been published by the OECD on Monday, 20 December. With this in mind, we are excited to announce that our Pillar 1 and Pillar 2 webinar will take place on Wednesday, 12 January from 16:00-17:30. 

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Posted on 4/01/2022 | 0 Comments