By 1 January 2020 member states must implement a set of measures aiming for a uniform VAT treatment of certain cross-border transactions – it is time to act for businesses. Authors: Andrea Sohst, Christoph Drexl
On 10 February 2019, the popular vote in the canton of Basel-City has resulted in an important success for the Basel-City political parties, the Basel-City administration and the economic region. The “compromise for the implementation of Tax Proposal 17”, has been accepted by a large majority. Authors: Andrea Bätscher and Dominik Bürgy.
The Swiss VAT Ordinance as well as VAT Leaflet No. 18 “Refund Procedure” have been updated as per 1 January 2019. The rules as announced on 17 September 2018 in the draft brochure with respect to refund of input VAT incurred prior to a mandatory VAT registration for foreign persons have fully been implemented. Authors: Silke … More Update – limited input VAT refund period for VAT payers domiciled abroad!
Pricing and risk models need to be adjusted to the Alternative Reference Rates (ARR). Entities will encounter several challenges in this process, the most critical being the lack of historical time series data, and absence of term structures and embedded credit risk components. The asymmetries between the benchmarks may ultimately lead to an increase of … More (L)IBOR Transition – Valuation and risk management considerations
The left-green committee against the draft Federal Act on Tax Reform and AHV Financing (TRAF) announced that it has successfully collected the required signatures to call for a public referendum against the tax and social security reform proposal. A formal announcement by the federal government is expected to follow in the next days. Authors: Dominik … More Federal Act on Tax Reform and AHV Financing – Public referendum is now a fact