Consumers across Europe are facing increased prices as a result of a fresh wave of Value-Added Tax increases introduced in the new year, in the UK, Switzerland and five other countries. According to TMF VAT specialists, countries implementing high rates will see prices increase by 1-2%, and there will be an increased potential for VAT [...]
The distributions of the profit of a company, for example dividend payments and other kinds of profit distribution, are subject to Federal withholding tax. This tax is raised at source and currently amounts to 35%. The reimbursement of this tax depends on whether the double taxation agreement between Switzerland and the country of ordinary residence [...]
For tax purposes, a branch establishment is a business establishment which belongs to a natural or legal person with a foreign domicile. Consequently, it is only to a limited extent liable to pay tax on income which is economically able to be allocated to Switzerland. The branch establishment of an incorporated firm is in Switzerland [...]
Legal form: stock corporations, limited commercial partnerships, limited liability companies, co-operative associations, secondary branches of foreign stock corporations or a pure business establishment of foreign incorporated firms. The business activity must mainly be carried on abroad. In the case of trading companies, at least 80% of the sales/purchases must take place abroad. Mixed companies may [...]
Direct Federal tax favours solely holding and principal companies in that a tax reduction may be claimed at a Federal level on the basis of the income from important investments (investment deduction). Holding companies Holding companies are companies whose main aim is the permanent management of investments in other companies and which do not carry [...]
The Canton of Zug is considered to be the canton with the most favourable tax system and can also be described as a particularly uncomplicated and unbureaucratic canton in the way in which the cantonal tax authorities deal with tax-payers. In theory, all natural and legal persons in the Canton of Zug are liable to [...]
Liable to assets tax are the net assets which are calculated as the difference between all of the assets (money, investments, real property, etc.) and all of the liabilities (mortgages, loans, etc.). Every natural person who lives or works in Switzerland must pay assets tax once a year. Assets tax has been abolished at a [...]
Income tax in Switzerland is levied from natural persons and includes the whole of the income. In principle, all recurrent and single items of income are subject to income tax. It is a direct tax. Tax is levied gross. The regulations governing income tax are an important part of the tax law of Switzerland. Income [...]
The authorities calculate personal income tax on the basis of the amounts declared by taxpayers, who are required to submit a single return per tax household reporting all income received in the previous year. In addition, those receiving income from professional activities (business profits, professional profits, agricultural profits), investment income, income from real property and [...]
Taking advantage of the EU VAT Directive with our partner Australia-Offshore What is the EU E-Business Directive? Does it affect you? What activities fall within the Directive? About VAT EU VAT Registration The advantages of establishing a Subsidiary within the EU Setting up a solution with one of our offices How to proceed? What is [...]
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