Bern, 24.01.2019 – On 24 January 2019 in Davos, Switzerland and Ukraine signed a protocol of amendment to the agreement for the avoidance of double taxation with respect to taxes on income and capital (DTA). The protocol implements the minimum standards for double taxation agreements and also adapts the DTA to the current treaty policy of the two...Read More

Luxembourg gains 80 financial services firms in run up to Brexit Luxembourg has been ranked among the top three EU financial centres in 2018, having consolidated its role as a hub for financial institutions operating on a cross-border basis in the European market, as the country reaped rewards from an exodus of companies setting up...Read More

Final repatriation tax regulations issued by IRS On January 15, 2019, the Internal Revenue Service published its final regulations on the so-called “repatriation” or “transition” tax, announced in the Tax Cuts and Jobs Act 2017 (TCJA). The one-time tax relates to foreign earnings of foreign corporations owned by US citizens. The published regulations give general...Read More

European Commission proposes to bypass Member States’ vetoes on tax evasion measures The European Commission has published its consultation proposals to remove EU Member States’ veto on certain tax matters by the end of 2025, so that tax proposals would only need the support of 16 countries to become EU law. The qualified majority system...Read More

Tax information exchange agreement with Brazil enters into force Bern, 14.01.2019 – The tax information exchange agreement between Switzerland and Brazil came into force on 4 January 2019. The provisions of the agreement will apply from 1 January 2020. The tax information exchange agreement (TIEA) governs the exchange of information upon request in tax matters. It is Switzerland’s...Read More