On 19 May 2019, with the adoption of the Federal Act on Tax Reform and AHV Financing (TRAF), the Swiss voters created the basis for an internationally compliant, competitive tax system for companies and the strengthening of the Old-age and survivor's insurance (OASI).
SFTA sets year-end and annual average exchange rates for 2018
The Swiss Federal Tax Authority has published the year-end exchange rates for all currencies as at 31.12.18 together with the annual average exchange rates for 2018. The main year-end exchange rates at a glance.
SFTA sets year-end and annual average exchange rates for 2017
The Swiss Federal Tax Authority has published the year-end exchange rates for all currencies as at 31.12.17 together with the annual average exchange rates for 2017. The main year-end exchange rates at a glance.
Partial Revision of the Swiss VAT Law as of 1 January 2018
Bern, 25.09.2017 - As a result of the referendum on 24 September 2017 the Federal Decree of 17 March 2017 on Additional Funding for OASI Pensions by increasing the rates of VAT and the Federal Act of 17 March 2017 on the 2020 Pension Reforms were both rejected. Enclosed the most important information at a glance.
Federal Council discusses tax policy agenda and adopts parameters for tax proposal 17
During its meeting on 9 June 2017, the Federal Council discussed the tax policy reform agenda and adopted the parameters for tax proposal 17 (TP17) in the process. It instructed the Federal Department of Finance (FDF) to submit a TP17 consultation draft to it by September. The Federal Council expects to discuss the dispatch on TP17 in spring 2018, together with the dispatch on reforming the taxation of spouses.
SFTA sets year-end and annual average exchange rates for 2016
The Swiss Federal Tax Authority has published the year-end exchange rates for all currencies as at 31.12.16 together with the annual average exchange rates for 2016. The main year-end exchange rates are as follows:
1 EUR = 1.072000 CHF
1 USD = 1.016354 CHF
1 GBP = 1.255857 CHF
We recommend our clients to use the SFTA's published exchange rates when converting foreign currencies.
Switzerland has ratified the protocol extending the free movement of persons to Croatia. On 17 June this year, the Federal Assembly authorised the Federal Council to ratify Protocol III extending the Agreement on the Free Movement of Persons (AFMP) to Croatia, subject to a specific condition. After Parliament passed the act implementing Article 121a of the Federal Constitution, the Federal Council concluded that this condition had been fulfilled. At its meeting on 16 December 2016, it therefore authorised the Federal Department of Foreign Affairs (FDFA), in cooperation with the Federal Department of Justice and Police (FDJP), to confirm the ratification of Protocol III to the EU. This also means the precondition has been met for Switzerland to participate fully in the Horizon 2020 research program. For more information, please read the media release on the Federal counsel Website.
Old age and survivors' insurance: administrative load eased for companies
The Federal Council has revoked the obligation on employers to register new employees in the course of the year. It has amended the legislation on the Old Age and Survivors' Insurance scheme (OASI) accordingly.