Thortax

CMN changes rules for non-resident individual investors

thortax — Fri, 28 Aug 2020 17:33:00 +0000

The change was defended by CVM and Bacen. The National Monetary Council (CMN) released individual non-resident investors from the obligation to constitute a custodian. The measure is supported by the Brazilian Securities and Exchange Commission (CVM) and by the Central...

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How the coronavirus affects your taxes in Switzerland

thortax — Fri, 20 Mar 2020 21:00:00 +0000

Most tax offices remain closed, but they are still working. If you need assistance from your local tax office, you are recommended to call or email them but not to visit in person. In most cantons, the initial deadline for...

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The Legislative Decree on the exchange of tax information between Brazil and Switzerland was published in Brazil on 17.12.2018

thortax — Mon, 17 Dec 2018 15:42:57 +0000

This agreement represents another important step for Brazil to curb evasion.Under the agreement, Brazil will send information regarding federal taxes levied on Swiss citizens.Switzerland will pass tax data to the IRS at all three levels of government – federal, cantonal...

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Separating Foreign Mixed Funds Limited Opportunity up to 5 April 2019

thortax — Mon, 26 Feb 2018 13:52:13 +0000

Is this relevant to you? · Are you UK tax resident? · Are you Non-UK Domiciled? · Do you have non-UK bank accounts and/or non-UK sources of Income? · Do you elect to be taxed on a remittance basis? If you have answered Yes...

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Part 2 – Swiss resident? Do you have assets (bank accounts, properties, etc) not previously declared in Switzerland? Read on!

thortax — Mon, 06 Nov 2017 13:49:58 +0000

Basic rule We dealt with the basic rules in our previous note, which can be accessed in this link. As a Swiss tax resident, all your income and assets must be declared in Switzerland. The rules regarding who needs to make...

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Swiss VAT – Up Coming Changes

thortax — Sun, 05 Nov 2017 13:47:00 +0000

Less than two months until the 2018! Are you aware of the VAT changes happening in Switzerland? Some are quite fundamental. Here are our top changes as they apply to our clients: – The standard rate goes down from 8%...

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Breaking up is difficult – UK taxation aspects

thortax — Mon, 04 Sep 2017 13:45:53 +0000

I recently wrote about the main Swiss tax implications of separation and divorce for couples resident in Switzerland, out of which a very large percentage are foreigners with a UK background. That article is available here. In addition, if you were...

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Separation and Divorce in Switzerland – Taxation Aspects

thortax — Thu, 31 Aug 2017 13:42:35 +0000

The statistics are unfortunately alarming. A large percentage of marriages, especially between spouses of different nationalities, ends in separation or divorce in Switzerland. This has far-reaching emotional and financial consequences. Here we deal with some of the main taxation aspects...

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Who is required to file a tax return in Switzerland?

thortax — Wed, 12 Jul 2017 13:38:29 +0000

If you have offshore income or assets and are not sure if you need to declare them in Switzerland, take a look below. Remember though, that the disclosure rules are the same whether your income or assets have a Swiss...

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Are you Swiss resident? Do you still have assets (bank accounts, properties, etc) not previously declared in Switzerland? Read on.

thortax — Sun, 02 Jul 2017 13:11:58 +0000

Basic rule As a Swiss tax resident, all your worldwide income and wealth must be declared annually in Switzerland. Omitted items in previous tax returns The authorities can “discover” this and you would be liable to any unpaid taxes plus...

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