Tax and Legal blog
Stay up to date with the latest tax and legal issues and developments that may affect you and your business.
Transforming Transfer Pricing Operations: A refreshed perspective
As the financial year draws to a close, businesses often face a myriad of challenges, particularly in the realm of operational transfer pricing (OTP). Ensuring compliance with transfer pricing (TP) regulations while maintaining optimal operational efficiency can be a complex balancing act. Companies must navigate through stringent documentation requirements, fluctuating market conditions, and the need for accurate intercompany pricing adjustments.
This blog post series delves into understanding what OTP is all about, the common hurdles encountered and offers insights on how to effectively manage OTP to achieve both regulatory compliance and business objectives.
Securities Transfer Duty Relief for Group Companies Acting as Intermediaries
The Swiss Federal Tax Administration (“SFTA”) issued a practice note (German/French) clarifying the topic of group holding or management companies acting as intermediaries mainly in an M&A transaction in view of the securities transfer duty. The new practice applies with immediate effect to all pending cases and will lead to a relaxation in this controversial topic.
Join us on 5 December 2024 in Zurich for an event on the Crypto-Asset Reporting Framework (CARF)
As the adoption of crypto assets continues to grow, the need for clear and standardized tax regulations has become essential. As of 1 January 2026, the Crypto-Asset Reporting Framework (CARF), the new information exchange regime focusing on crypto transactions, will come into force. CARF aims to enhance transparency and compliance surrounding the taxation of crypto assets by clarifying the responsibilities of different service providers involved in crypto-related transactions.
The end of the transition period for companies limited by shares – is your company compliant?
On 1 January 2023 the reform of Switzerland’s legislation on companies limited by shares came into force, responding to the current economic environment and needs. Companies incorporated after this date have been required to comply with the new provisions from the outset. Those already in existence on the date were granted a two-year transition period to adapt their articles of association. With that transition period set to expire on 31 December 2024, the aim of this blog post is to provide an overview of the most relevant changes.
Switzerland and the US sign updated FATCA agreement – Impacts for US taxpayers in Switzerland
In a significant move towards financial transparency and cooperation, the United States and Switzerland have recently agreed on a new Foreign Account Tax Compliance Act (FATCA) agreement. This agreement, signed on 27 June 2024, marks a shift from the previous Model 2 to Model 1, which allows for an automatic mutual exchange of financial account data between the two nations. The change is expected to come into effect in 2027.
Individual taxpayers and financial institutions of both countries need to be aware of these changes and their implications. Both jurisdictions will have greater visibility on the accounts of financial institutions and private individuals, highlighting the importance of remaining compliant on all tax filing and asset reporting obligations.
Join us at Deloitte Incentive Plans Roundtable - 8 October 2024
Join us at our exclusive Roundtable event focused on exploring the transformational potential of Management Incentive Plans. We will have an engaging discussion with a multi-disciplinary group of Deloitte experts and industry peers who will share insights and strategies to help optimize your company’s management incentive plan. This event will take place on Tuesday 8 October 2024 in our Deloitte office in Geneva.
Join our Global Mobility Workshop: Elevating and Optimising your Mobility Programme
Sign up for our upcoming workshop "Elevating and Optimising your Mobility Programme” in:
- Zurich - Wednesday 25 September
- Geneva – Tuesday 1 October
Switzerland to introduce IIR in 2025, but not UTPR
The Federal Council decided on 4 September 2024 that Switzerland will introduce the Income Inclusion Rule ("IIR") on 1 January 2025. The introduction of the Undertaxed Profit Rule ("UTPR") has been postponed until further notice.
Join us at Deloitte Day HR Next 2024 - only few seats left
We are excited to invite you to the second edition of Deloitte Day - HR Next, our flagship event for senior HR executives to explore the future of HR and connect with peers across all industries.