On September 29, 2017 the Swiss Federal Council adopted adopted the Ordinance on the International Automatic Exchange of Country-by-Country Reports of Multinationals. If the referendum deadline expires on October 5, 2017 without a referendum being called, the agreement and the act can enter into force in December 2017.

 

Multinationals in Switzerland will thereby be obliged for the first time to draw up a country-by-country report from the 2018 tax year. The exchange of country-by-country reports between Switzerland and its partner states will therefore take place from 2020. Groups can voluntarily submit a country-by-country report for tax periods before 2018 which the Federal Tax Administration (FTA) can transmit on the basis of the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports to partner states from 2018.

 

The Federal Council adopted the Ordinance on the International Automatic Exchange of Country-by-Country Reports of Multinationals before the expiry of the referendum deadline so that companies who wanted to submit a country-by-country report for 2016 could prepare themselves.

 

The Ordinance on the International Automatic Exchange of Country-by-Country Reports of Multinationals contains the Federal Council's implementing provisions for the Act mentioned. It specifies the content of the country-by-country reports and the threshold above which companies have to draw up country-by-country reports (900 million CHF). In addition, it contains further implementing provisions, for example on the tasks of the Federal Tax Administration (FTA).

 

Click below on the language of your choice to be forwarded to the respective document in that language.

·   The Ordinance on the International Automatic Exchange of Country-by-Country Reports of Multinationals as adopted by the Swiss Federal Council on September 29, 2017 (German, French or Italian)

·   Explanatory Notes to the Ordinance on the International Automatic Exchange of Country-by-Country Reports of Multinationals as adopted by the Swiss Federal Council on September 29, 2017 (German, French or Italian)

 

 

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