Swiss Federal Council Adopts Dispatch on Amending the Withholding Tax Act
On 11 June 2015, the Swiss Federal Council announced in a press release that it has adopted a dispatch on amending the Withholding Tax Act. The amendments include temporarily extending the existing withholding tax exemptions for contingent convertible bonds and write-off bonds, and the introduction of a new exemption for bail-in bonds approved by FINMA at the time of issuance.
The Council had …
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