Swiss Tax e-newsletter - March 2023

Discover the recent tax news in our newsletter (content in French)

New corporate law: two years left to adjust the articles of association of your company

The main changes in connection with the new regulations of the corporate law, which entered into force on 1st January 2023, allow greater flexibility for share capital and equity distributions as well as the enhancement in the modernisation of general meeting. Companies have a two-year timeframe (until 1st January 2025) to amend their articles of association according to the new regulations.

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Permanent agreement between Switzerland and France on the taxation of homeworking days

Switzerland and France have agreed on a sustainable solution for the taxation of cross-border workers. Since 1 January 2023, teleworking has been possible for up to 40% of the working time per year without affecting the country responsible for taxing the income from paid employment. Following the provisional agreement that was reached during the pandemic period, the two neighbouring countries have now decided to make certain aspects permanent.

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Real estate and VAT: possible tax savings?

VAT is not always a final charge, especially in the real estate sector. Investing in real estate always involves large amounts, whether it is at the design stage, during construction, during renovations or in the day-to-day maintenance of real estate. It might be interesting to look at a taxation that is often forgotten in real estate matters, namely VAT. Indeed, part of the VAT paid can be reclaimed in certain cases.

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VAT: annual turnover reconciliation, the last step not to be missed

The reconciliation of turnover is a legal obligation in Switzerland. It is the responsibility of the taxpayer to prepare and submit the periodic VAT statements to the tax authorities. The reconciliation is a reconciliation between the final annual accounts and the periodic statements prepared. This last step represents the end of the reporting work (VAT statements) for the tax period concerned. Failure to do so can have significant financial consequences.

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Pillar 2 | Switzerland in favour of the project coming into force on 1er January 2024

Under the inclusive framework of the joint OECD-G20 Project on the taxation of the digital economy, around 140 states have agreed on a global minimum tax rate of 15% for multinational groups (MNEs). The OECD-G20 BEPS Project represents one of the most significant international tax reforms of recent years. The implementation and determination of the additional top-up tax will bring many challenges for the participating states and the taxpayers concerned.

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