Taxes

The penalty-free voluntary disclosure in Switzerland allows for the reporting of undeclared income without fearing criminal consequences, but with the payment of back taxes plus default interest. A prerequisite is that the tax evasion was not yet known and the person cooperates in the reassessment.

Since the financial crisis, Switzerland has intensified measures against tax fraud by using penalty-free voluntary disclosures and simplified taxation of inherited assets. These apply only to direct federal tax as well as income and wealth taxes of the cantons.

Since the financial crisis of 2007/2008, there has been a more intensive fight against tax evasion, with Switzerland offering incentives such as penalty-free voluntary disclosure. These measures facilitate the legalization of untaxed assets.

The Swiss VAT revision introduces important changes, including the reintroduction of margin taxation for art objects. From 2018, 30,000 new VAT registrants are expected, which could bring in additional annual revenues of 30 million francs.

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The Swiss VAT revision, in effect since 2010, provides for significant adjustments from January 1, 2018, including a simplification of revenue thresholds for the municipality and a lower tax rate of 2.5% for electronic media.

The Swiss VAT revision subjects 30,000 foreign companies to tax liability from 2018. Initiates significant VAT adjustments for mail order business in 2019.

The Swiss VAT revision aims to simplify the tax and relieve Swiss companies of tax burdens. From January 1, 2018, the second part comes into effect, which primarily supports smaller companies.

Changes to the divorce law in 2017 affect pension and retirement provisions division, which has direct tax implications. Contributions to pension schemes are tax-deductible, even in the event of divorce.