Swiss tax reporting for foreign funds made simple

Swiss tax reporting for foreign funds made simple

Swiss resident individual investors who hold units in a foreign fund are reliant upon the fund to report its Swiss taxable income and net wealth values on the “Kursliste/ Liste de Cours” of the Swiss Federal Tax Administration (SFTA), in order that they may complete their annual tax return.

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If a fund does not report this information, the Swiss investors may face an unfavourable tax treatment (tax-free capital gains may be treated as taxable income). Additionally, funds which do not report this tax information may suffer from a competitive disadvantage. Providing Swiss tax reporting is usually a required condition in order for a fund to be included on the lists of recommended fund investments at the majority of Swiss banks.

Furthermore, foreign funds that have been admitted for public distribution in Switzerland are required by FINMA Regulation to report such tax information.

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