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26 September 2016

Swiss Parliament adopts changes to Swiss dividend notification procedure in favor of taxpayers

In the current fall session of the Swiss Parliament, the Council of States (September 20) and the National Council (September 22) reconciled their differences and agreed on an amendment to the Swiss Withholding Tax Act in connection with the application of the dividend notification procedure (withholding tax relief at source). Formal adoption of the legislative change by final vote of both chambers of the Swiss Parliament is scheduled to take place on September 30. If no referendum for a public vote is invoked, the Swiss Government will determine the date of entry into force of the amendments by early 2017.

A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1621

Document ID: 2016-1621

 

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