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Switzerland to Allow PEs to Claim Flat-Rate Tax Credit as part of Upcoming Corporate Tax Reforms

|Proposed Changes|Switzerland
Switzerland

On 22 September 2014, the Swiss Federal Council announced its decision on the next steps following the consultation on the proposed granting of the flat-rate tax credit for permanent establishments (PE) in Switzerland. The change will be made in order to resolve potential issues of double taxation when a PE receives dividend, interest or royalty income from a third country. The Council has instructed the Federal Department of Finance to create the legal basis to be included into Switzerland's…

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