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
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
The Securities and Markets Stakeholder Group (SMSG) has published its advice to European Securities and Markets Authority (ESMA) on Initial Coin Offerings (ICOs) and Crypto-Assets on 19 October 2018. The goal of SMSG is to give advice to ESMA on steps it can take to contain the risks of ICO’s and crypto-assets, on top of … More Are Initial Coin Offerings sufficiently covered by existing regulation?
Triggered by digital megatrends such as artificial intelligence, blockchain and the internet of things, the Finance function is undergoing a fundamental change. CFOs have to act to stay relevant. Our most recent survey reveals that finance functions have so far been too slow to embrace the new paradigm. Download the survey here. Authors: Stefan Rösch, Achim … More Digital disruption and its consequences for finance executives in Switzerland
The Federal Office of Communications as well as the SFTA have announced a clarifying statement for the Radio and Television Law, which confirms that foreign businesses without registered office, domicile or permanent establishment on Swiss territory should not become liable to the radio and television fee! Authors: Romy Müller, Andreas Wartmann, Melanie Dittli