As from 1st January 2019, economic substance requirements have been introduced in a number of jurisdictions, meaning that certain companies and partnerships are required to declare annually if they are engaged in what is called a “relevant activity” and demonstrate – where applicable – that they are satisfying the economic substance test for this activity. […]
On 19 May 2019, Swiss voters have largely accepted a reform of corporate tax rules that will scrap preferential treatment for multinational firms. Two years after voters rejected a similar idea to reform corporate tax, the issue – this time linked controversially to pensions – was largely accepted. 64.4% of Swiss voters approved the government-backed […]
The Confederation receives an advance tax on income from movable capital. This tax is imposed at the source on different types of income defined by the law. In fact, the receipt thereof is both a guarantee as well as a way to encourage taxpayers to file and correctly enter income subject to the advance tax […]
France (tax year 2018) Taxable income in euros Up to 99640% From 9964€ to 27519€14% From 27519€ to 73779€30% From 73779€ to 156244€41% Over 156244€45% United Kingdom (for current tax year 6 April 2018- 5 April 2019) Taxable income in british pounds Personal allowance : up to 99640% Basic rate : £11851 to £4635020% Higher […]
Austria is a landlocked country in central Europe with a population of almost 9 million. It is one of the most attractive countries in the world to live in. It is bordered by the Czech Republic and Germany to the north, Hungary and Slovakia to the east, Slovenia and Italy to the south and Switzerland […]
The Italian non-dom regime has been in effect since January 2017. This favourable tax regime is available for “newly resident” individuals in Italy, who (regardless of their nationality or domicile) have not been tax resident in Italy for at least 9 years out of the 10 years preceding their transfer to Italy. Please note however […]
Economic growth is showing initial signs of losing momentum in the bluechip economic areas recently. Indeed, after many months of a “bull run”, purchasing managers’ indices have sudenly fallen as has consumer confidence. While we remain comitted to a longer term view and believe there is no need to worry long term, we suggest volatility […]
Contributors have the possibility to regularise their situation through this easy process. Information Exchange … but which one? On September 30, 2018 and for the first time in its history, the Swiss tax administration will receive information from Foreign States applying the Automatic Exchange of Information (AEI). More concretely, the tax administration will automatically receive […]
Amedia Fiduciary SA is pleased to have signed a cooperation agreement with the Fondation Lemania de Libre Passage (FLLP) and La Fondation Romandie en Faveur de la Prévoyance Individuelle Liée (FRPI). These new foundations focus exclusively on individual pensions and the supplementary portions of the 2nd and 3rd pilars. Following my own experience moving Swiss […]
Federal and international regulatory developments give new relevance to Swiss procedures for spontaneous regularisation in terms of income and wealth tax, which came into force on 1 January 2010. We offer a brief summary of these mechanisms, which must now be placed into perspective with the new rules for the automatic exchange of information due […]
