OrbitaxSwiss Federal Council Brings Legislation into Force on Deductibility of Punitive Financial Sanctions and Bribes
|Approved Changes|Switzerland
The Swiss Federal Council has announced its decision to bring the Federal Act on the Tax Treatment of Financial Sanctions into force with effect from 1 January 2022.
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Foreign fines tax-deductible in exceptional cases from 2022
Bern, 11.11.2020 — At its meeting on 11 November 2020, the Federal Council brought the Federal Act on the Tax Treatment of Financial Sanctions into force with eff…
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