On 11 June 2015, the Swiss Federal Council announced in a press release that it has adopted a dispatch on amending the Withholding Tax Act. The amendments include temporarily extending the existing withholding tax exemptions for contingent convertible bonds and write-off bonds, and the introduction of a new exemption for bail-in bonds approved by FINMA at the time of issuance.
The Council had proposed withholding tax reform that would have included a switch from the debtor principle to the p…