International withholding tax agreements: Switzerland transfers final withholding tax to United Kingdom and Austria

Bern, 01.04.2014 - The Federal Tax Administration (FTA) has for the first time transferred the final withholding tax on income and gains on assets to the competent authorities in the United Kingdom and Austria. Switzerland has thus fulfilled yet another obligation set out in the bilateral withholding tax agreements with the two countries. Each month since the end of July 2013, Switzerland has transferred the amounts from the retrospective taxation of the assets of bank clients resident in the United Kingdom and Austria so that these assets are regularised from a tax viewpoint.

Transfer of withholding tax on income and gains on assets in 2013:

United Kingdom: GBP 58.2 million
Austria: EUR 25.8 million

The withholding tax must be transferred annually at the end of the first quarter of the following year.

Для консультаций по вопросам связанным с управлением активами в Швейцарии, открытием и функционированием банковских счетов в швейцарских банках, регистрацией швейцарских компаний, а также другим вопросам, которые связаны со Швейцарией, вы можете обращаться по электронной почте: vvolkov@alpha-capita.ch