On 30 April 2026, the Swiss Federal Department of Finance announced an extension of the withholding tax exemption on interest from financial instruments issued by systemically important ("too-big-to-fail") banks. The exemption, which has been in place since 2013, was previously extended to the end of 2026, and on 19 December 2025, the Swiss parliament approved a further extension to the end of 2031. Since the referendum period expired on 17 April 2026, without a referendum being called, the …