EU Simplifies Tax Procedures: The New FASTER Directive


On December 10, 2024, the Council of the European Union approved the FASTER directive (Faster and Safer Tax Relief of Excess Withholding Taxes), which aims to reform the withholding tax refund system. This initiative's main goals are to enhance transparency, reduce administrative burdens, simplify tax regulations for investors, and combat tax abuse. These new rules will create a more favorable environment for cross-border investments while protecting national budgets across EU member states. Key Changes Introduced by the Directive are following:

Navigating Tax Obligations for High-Net-Worth Individuals in Switzerland

Switzerland is famous for its stability, breathtaking scenery, top-notch healthcare, and excellent education, making it a fantastic place to call home. It’s no wonder that retirees, investors, and people with significant wealth are drawn to the Swiss lifestyle. Another big reason for this is Switzerland's unique tax system, known as "forfait fiscal" or "Pauschalbesteuerung." This system is available to non-Swiss residents who aren't working in Switzerland and offers a refreshing approach to taxes. Read on to learn more.

The Impact of Swiss-EU Relations on Local Businesses

Over 65% of Swiss businesses cite stable Swiss-EU relations as vital to their success in the European market. Although Switzerland is not a member of the European Union (EU), it has a unique relationship with the regional body through economic cooperation and integration. As a result of the intricate diplomacy at play, Swiss companies are affected by the provisions of European Union law as it pertains to trade relations. This blog covers the state of this economic cooperation, including the ongoing negotiations and the potential benefits and costs for Swiss companies.

Points to Consider When Starting a Small Business In Switzerland

Starting a new business can be overwhelming. However, while meeting the legal requirements for company registration is essential, other aspects of setting up a business are equally important. These include selecting a suitable location, securing financial resources, and hiring employees, among other factors.

 

Switzerland, An Ideal Location for Foreign Investors

In recent years, many companies have sought to maximize their profits by setting up headquarters in countries like Switzerland. This strategy is popular due to Switzerland's low taxation and favorable economic policies, making it an attractive destination for foreign investors. Continue reading to learn more reasons why Switzerland is an ideal location for foreign businesses.

 
Subscribe to company