CapLaw-2015-5

  • Withholding Tax on Interest to be Replaced by Paying Agent Tax System

    The Swiss Federal Council issued a proposal on 17 December 2014 to replace the current withholding tax on interest payments by a new paying agent tax system. The new system would be applicable to both domestic and foreign issued bonds and debentures. A Swiss paying agent would have to withhold the Swiss withholding tax, if …

    By

    Stefan Oesterhelt

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