Switzerland Tax Agency Updates Guidance on Federal Withholding Tax

The Swiss Federal Tax Administration Oct. 29 issued updated guidance on federal withholding tax, effective Jan. 1. The guidance includes information on: 1) income tax withholding; 2) an increase in the default interest rate for VAT, to 4.75 percent from 4 percent; 3) income from movable capital assets; 4) tax debtors, rates, claims, and refund; 5) tax evasion and penalty provisions; 6) procedures and regulations; and 7) income exempt from taxation. [Switzerland, Federal Tax Administration, 10/29/24]

Reference:
View Guidance. View Announcement.