Switzerland, like so many countries across the globe, has slowly been emerging from the harsh impact of COVID-19. COVID-19 continues to raise uncertainty but there is hope that the global economy is making a slow recovery.
The Swiss economy is expecting to reach higher than average growth in 2022, according to the State Secretariat for Economic Affairs. The future is looking positive.
With this in mind, ITR has partnered with three leading firms to bring you an exclusive experts’ insight into some of the most significant tax-related developments in Switzerland in 2022.
The Swiss Federal Tax Administration has published two circulars outlining the safe harbour interest rates applicable for 2022. burckhardt’s article provides an insight into the interest rates that are applicable to advances or loans and consider the consequences of non-compliance.
Withholding tax on newly issued bonds is expected to be abolished in Switzerland on January 1 2023. Deloitte Switzerland’s article explains why the withholding tax and stamp duty reform is making the debt capital market even more attractive.
Tax Partner AG - Taxand Switzerland's article focusses on selected aspects of pillar two looking specifically at the impact of the GloBE rules in Switzerland including Switzerland’s attractiveness as a business location, and the ambitious timeline set by the OECD for implementing the GloBe rules.
We hope you enjoy delving deeper into these topics, written by leading tax experts, in our tenth Switzerland Special Focus.
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