argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: Switzerland - advance tax - exemption

During the last session of September 2019, the Swiss Federal Council decided to adopt further parameters, to redirect the withholding tax reform, which is excessively repulsive for investors and large companies, especially foreign ones, to favor the influx of capital. The objective is to strengthen the Swiss market and encourage the flow of external financing, or third-party capital and/or credit, through the exemption from paying the withholding tax on interest-bearing Swiss investments for Swiss legal entities and foreign investors. The first effect of the decision will be the launch of a new consultation procedure within the first quarter of 2020. In essence, with the reform first, and with this further regulatory step, the will of the Swiss authorities is revealed, to exempt interest-bearing Swiss investments for Swiss legal entities and foreign investors from paying the withholding tax. Of course, the withholding tax will still be levied on all interest-bearing investments made by natural persons domiciled not only in Switzerland, but also abroad.