Managing the Global Mobility Function 2012: Now Available
Switzerland
Switzerland: New Social Security Agreement with Japan Enters into Force
The Social Security Agreement (“SSA”) between Switzerland and Japan came into force on 1 March 2012.1 The SSA covers seconded employees, self-employed persons, public employees, employees on board a sea-going vessel, and members of diplomatic missions. Seconded employees covered under the SSA are exempt from social security contributions in the host country for a... »
Switzerland Proposal for a Federal Inheritance and Gift Tax
A political initiative (Erbschaftssteuerreform) in Switzerland has been launched to amend the constitution and introduce a new federal inheritance and gift tax of 20 percent.1 If the initiative is adopted, a new Swiss federal inheritance and gift tax would be levied on the estate of individuals who had their “last” residence in Switzerland or... »
Switzerland Cantonal Court and Taxation Concerning Forfeiture of Shares
The High Administrative Court of the Canton of Schwyz overturned an earlier practice regarding the tax treatment of forfeited employee shares upon termination of employment and the resulting loss of these shares, in a decision dated 26 August 2010. Tax Treatment of the Forfeiture of Employee Shares before Vesting In accordance with the tax... »
Switzerland Announces New Social Security Rates
The Swiss Federal Council has announced that some of the Swiss social security rates will be increased as the government – like several other governments – tries to ensure that the funds will be able to meet future obligations. Employer and employee contributions towards the state allowances for “military service and maternity leave” (“EO”), which... »