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Baar is the largest tax haven in Central Switzerland for high earners, with an income tax burden of 9.59%. The tax rates vary greatly depending on the location and individual factors such as denomination and possible deductions.

The Swiss payment systems are being standardized, which necessitates comprehensive software adjustments. Software manufacturers have already begun making adjustments and are offering ISO-20022-compliant solutions.

Switzerland is renewing its payment transactions, with important phases of the transition ending by 2018 and 2020. Financial institutions must implement new standards, including a QR code-based payment slip from 2020.

The payment transactions in Switzerland are being renewed, affecting financial institutions, businesses, software manufacturers, and individuals. The conversion includes adjustments to ISO 20022, IT systems, and simplification through IBAN and QR codes.

Switzerland is renewing its payment transactions to make the processes uniform, efficient, and transparent, standardized according to ISO 20022. Changes affect transfers, direct debits, notification & reporting, and payment slips.

Since 2017, a mutual assistance agreement allows for spontaneous information exchange among OECD and G-20 countries. Tax rulings are only communicated to the directly affected countries, based on established OECD standards and national law.

Legal foundations for spontaneous information exchange came into force on January 1, 2017; implementation begins from January 1, 2018. Information is exchanged without prior notice when tax rulings meet specific international criteria.

Since 2017, the spontaneous exchange of information has enabled the exchange of tax rulings between contracting parties to definitively clarify preferential tax regimes and other tax-related aspects. Rulings regarding natural persons are generally excluded from this.

Since 2017, a new global standard has enabled spontaneous information exchange to combat tax evasion. This exchange, initiated by the OECD and G20 after the 2008 financial crisis, increases transparency in multinational tax matters.