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Tax fraud occurs if a tax evasion is committed by using falsified documents for deceptive purposes, a crime (Vergehen / crime) punishable by additional imprisonment of up to three years or an additional fine of up to 30,000 CHF. [61] [62] Tax evasion in Switzerland was estimated at CHF 66 billion according to a study in 2023.
In December 2021, the Federal Assembly passed a bill abolishing the withholding tax levied on Swiss corporate bonds, in order to make them more attractive. [6] [7] [8] The request for a referendum was granted in May 2021, [9] and the vote took place on September 25, 2022, when the people narrowly rejected the amendment to the law with 52% of ...
The Federal Direct Tax (FTA) is a Swiss direct income tax. It is the main source of revenue for the federal government, followed by the value-added tax (VAT), which represent respectively 34.3% and 32.1% of the total tax receipts as of 2022. [1] There is no wealth tax at the federal level; it is levied only by the cantons and municipalities.
the value added tax (VAT) the federal direct tax (FDT) the withholding tax; the stamp duty; the military service substitute tax; Subdivisions of the FTA also take care of the application and enforcement of tax law, provide information on tax issues, further develop the tax system and help resolve international tax issues (e.g., double taxation ...
Value added tax is structured as an all-phase tax with input tax deduction. If a taxable person provides a service to another taxable person, the former must pay the VAT on the service; the recipient can reclaim the tax paid as input tax from the Federal Tax Administration (FTA), but must also pay tax on his services to his customer.
Internal Revenue Service officials are withdrawing their summons in the UBS and Swiss government tax cheaters case, saying they feel confident they've received a full accounting of the information ...
Bitter cold – along with a chance of snow – is in the latest forecast for President-elect Donald J. Trump's Inauguration Day.
Swiss tax resisters (1 P) Pages in category "Taxation in Switzerland" The following 4 pages are in this category, out of 4 total. This list may not reflect recent ...