April 2021 / Switzerland

16 Aprile 2021

Federal Council Issues Dispatch on Revision of Federal Withholding Tax Law and Stamp Duties

The Federal Council adopted the dispatch on the revision of the Federal Act on Withholding Taxes and the Federal Act on Stamp Taxes.

The revision contains the following key elements:

  • abolition of the anticipatory tax on interest paid to domestic recipients (with the exception of interest paid to individual persons resident in Switzerland); and
  • abolition of the turnover tax on bonds issued by Swiss based emitters.

The purpose of the revision is the strengthening of Switzerland's financial market. Further developments will be reported as they occur.

The Federal Council adopted the dispatch on 15 April 2021.