Cryptocurrencies and VAT

With the rise of Cryptocurrencies, the Swiss Federal Tax Administration is taking a stance on the VAT consequences. With the technology developing faster than the authorities can manage, being compliant has never been more challenging. Authors: Kaisa Miller, Gerd Jäger

(L)IBOR Transition – Is there a Swiss Average Rate Overnight (SARON) market at the moment?

Moving to a new Alternative Reference Rate (ARR) requires market liquidity, new legal contract terms and general acceptance of the new state of affairs in the relevant market from buy- and sell- side firms. Therefore, it is likely that all current Interbank Offered Rates (IBOR) will not transition at the same time for all products … More (L)IBOR Transition – Is there a Swiss Average Rate Overnight (SARON) market at the moment?

Der Countdown zur Implementierung des FIDLEG/FINIG hat begonnen

ENGLISH VERSION BELOW⇓ Der Bundesrat hat am 24. Oktober 2018 die mit Spannung erwartete Vernehmlassung zu den drei Verordnungen eröffnet, welche die Ausführungsbestimmungen zum Finanzdienstleistungsgesetz (FIDLEG) und Finanzinstitutsgesetz (FINIG) enthalten. Das Vernehmlassungsverfahren dauert bis zum 6. Februar 2019. Autoren: Stephan Geiger, Ricardo Schlatter

Revised FATF Recommendations – Virtual assets and virtual asset service providers are subject to AML regulations

Paris, 19 October 2018 – Given the urgent need for an effective, risk-based response to AML risks associated with virtual asset financial activities, the Financial Action Task Force (FATF) revised its Recommendations on combating money laundering and the financing of terrorisms (AML/CFT). The FATF recognizes that virtual assets and related financial services have the potential … More Revised FATF Recommendations – Virtual assets and virtual asset service providers are subject to AML regulations