After the record decline in the second quarter, Swiss foreign trade recovered significantly in the third quarter of 2020. In seasonally adjusted terms, exports increased by 6.5 percent and imports by 11. 5 percent. Nonetheless, the results remained well below the peak levels reached in the second quarter of 2019. The trade balance closed with
In the popular vote on 27 September 2020, a majority of 60.3 per cent accepted the introduction of a two-week paternity leave, financed by the compensation for loss of earnings (IPG). At its meeting on 21 October 2020, the Federal Council set the effective date of the relevant amendment to 1 January 2021 and adopted
The Federal Tax Administration (FTA) has exchanged information on financial accounts with 86 countries. The exchange took place within the framework of the global standard on the automatic exchange of information (AEOI). This year, the AEOI involved a total of 86 countries. Anguilla, Aruba, Bahamas, Bahrain, Grenada, Israel, Kuwait, Marshall Islands, Nauru, Panama and the
On January 1, 2019, art. 7 para. 3 lett. b of the Federal Act on Value Added Tax (mail order provisions). From 15 November 2018, companies active in the mail-order business who register for value added tax, when registering online, must indicate that they act as a mail-order company and that they agree to be
The Federal Tax Administration has updated the lists of amendments to laws and ordinances relating to direct federal tax, value added tax, withholding tax and bubble fees. The list shows the changes to deeds relating to the tax law pertaining to the Tax Administration as regards implementation or in which it is involved in a
Outsourced accounting and finance is increasingly used among companies with strong growth and those of small and medium-size. Outsourcing allows companies to better manage internal resources, streamlining the accounting and administrative processes without assuming the costs deriving from the use of staff (employment that also requires constant training made indispensable by the constant updating of
The Federal Council intends to ensure close bilateral relations with the United Kingdom even after Brexit. At the sitting of 13 February 2019 it therefore regulated the admission of British citizens in the event of a UK exit from the European Union without an agreement. For British citizens wishing to enter Switzerland from 30 March
In order to take advantage of the bureaucratic and tax advantages that companies in Switzerland have, the entrepreneur of a foreign company may be tempted to transfer or set up his company in Switzerland. Before moving the company or opening a new one in Switzerland, it is good to know the times and methods of
In the context of the partial revision of the VAT law (LIVA), it is intended to equate foreign companies active in the sale by mail order to companies based in Switzerland. Currently, the difference in treatment is due to the fact that, for reasons connected with the profitability of the collection, on imported goods with
From January 1, 2019, , the device-independent fee will be collected from households and undertakings. It replaces the device-dependent fee, which has been terminated at the end of 2018. In Switzerland, undertakings, which are subject to VAT (with registered office, domicile or permanent establishment in Switzerland) and have a global turnover of CHF 500,000 or