Switzerland and Liechtenstein ratify the Protocol amending their Double Taxation Agreement   The Protocol amending the Double Taxation Agreement (DTA) on income and wealth taxes between Switzerland and Liechtenstein has been ratified in Bern this July 14th. The amendment has the aim to introduce an anti-abuse clause, completing the provision on the amicable procedure in...Read More

FINMA grants authorization to the first Supervisory Organisations under FinIA/FinSA The new surveillance system Starting from January 1st, 2020, the Financial Institutions Act (FinIA) and the Financial Services Act (FinSA) have introduced a new regulation concerning the activity of asset managers and trustees, which, in order to practice, will require formal authorisation from FINMA. Furthermore,...Read More