Switzerland aims to develop Blockchain in the country The Swiss government has advised regulators not to create new legislations but instead make adjustments to existing laws to accommodate companies in the blockchain and cryptocurrency space. The amendments should focus on enhancing Switzerland’s position as a blockchain-friendly country, the Swiss Federal Council said last week. On...Read More

Amazon reduces online offer for Swiss customers Shoppers in Switzerland will no longer be able to buy items from the US Amazon website due to recent changes to Swiss value-added tax law. Exceptions will be made for e-books and apps. “From 26 December 2018 customers shopping on Amazon.com  and other non-EU Amazon websites will not...Read More

TRAF – No more new principal companies and Swiss finance branches from 2019   Bern, 15.11.2018 – In the context of the bill on tax reform and AHV financing (TRAF), the Federal Tax Administration (FTA) will no longer apply the federal practices concerning principal companies and Swiss finance branches to new companies from 2019. TRAF introduces legislative measures...Read More

Brief summary Status as at September 2018 – The tax proposal and AHV financing (TRAF) will maintain the appeal and competitiveness of Switzerland as a business location and thus also jobs. It will secure the tax receipts of the Confederation, cantons and communes. Large corporate groups and SMEs will be taxed in the same way...Read More

Federal Council initiates consultation on ordinances to Financial Services Act and Financial Institutions Act Bern, 24.10.2018 – During its meeting on 24 October 2018, the Federal Council initiated the consultation on the three ordinances containing the implementing provisions for the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA). The consultation procedure will last until 6 February...Read More