The Swiss Federal Council has decided to amend the reporting procedure for dividend withholding taxes. The reporting procedure applicable for dividend payments made within a group of companies will now be possible from a participation quota of 10% (currently 20%) and will be extended to all legal entities that hold such a qualified participation. The authorization to be obtained in international situations will be valid for 5 years instead of, currently, 3 years. The changes will enter into force on 1 January 2023.
The Federal Council decided on the amendments on 4 May 2022.