The Financial Market Supervisory Authority FINMA has observed a marked increase in initial coin offerings (ICOs) conducted in Switzerland. It has today therefore issued FINMA Guidance 04/2017 on this topic. FINMA has also indicated that it is investigating a number of ICO cases to determine whether regulatory provisions have been…
The individual who manages intellectual property rights for music groups including the Rolling Stones and U2 has denied that corporate structures were set up in the Netherlands to avoid tax in recent parliamentary testimony. On June 12, Jan Favie, a director of Promogroup B.V. and U2 Ltd, the companies which…
Switzerland has explained how it will amend its double tax agreements after it signed the OECD’s new multilateral tax compact to implement anti-base erosion and profit shifting measures. On June 7, Switzerland was one of 76 countries and jurisdictions to sign or express their intention to sign the Multilateral Convention…
Changes to Switzerland’s Value Added Tax (VAT) Act will enter into force on January 1, 2018, with the aim of removing VAT-related competitive disadvantages for domestic companies. Currently, a multinational company pays only VAT on its Swiss turnover. Foreign companies providing services in Switzerland do not have to pay VAT…
UK tax authority HM Revenue and Customs (HMRC) has said that it is aware of a new tax avoidance scheme that attempts to exploit Entrepreneurs’ Relief by turning what would be income into a capital gain. According to HMRC, individual scheme users will sell the beneficial ownership of their company…
A VAT rate of 8% applies to most goods and services. A reduced rate of 2.5% applies to certain everyday consumer goods such as foodstuffs, non-alcoholic beverages, books, newspapers, magazines, medicines, but also to tickets for sports and cultural events. Only overnight stays at a hotel (incl. breakfast) are taxed…
In Germany, all entrepreneurs who are engaged and independently active in a trade, business or profession with the purpose of generating income, are liable to value-added-tax also known as the turnover tax (Umsatzsteuer). The following information on VAT is a general overview. VAT is raised regardless of citizenship, residence, main…
The UK Government has recently launched a ‘Call for Information’ on the benefits and risks of digital currencies. The move, which is intended to support the growth of the UK as a global financial centre, builds on its earlier announcement of conducive tax rules for trading and ‘mining’ activities. The…
The Australian Tax Office (ATO) on August 20, 2014, released comprehensive but general guidance on the tax treatment of cryptocurrencies in Australia, and specifically bitcoin. The ATO has decided that transacting with bitcoins is akin to a barter arrangement, with similar tax consequences. The ATO’s view is that Bitcoin is…
Chenevieres Consulting SA (CCSA) provides sophisticated and dedicated Advice and Consulting related to International and Swiss Taxation, Inheritance and Succession, Legal Advisory, Compliance and reliable Corporate Services for more than 25 years now.
In case of an emergency, we are available for our clients 7 days a week, 24 hours including major holidays. Generally, appointments can take place during our standard business hours.
Mo. – Fr.: 9.00am – 17.30pm
Weekends: Upon Appointment
Bank Holidays: Upon Appointment
Chenevieres Consulting SA | © 1998 – 2024. All rights reserved.