Switzerland:
Swiss Corporate Tax Reform - 4. Dividend Withholding Tax Impact Of Holding Own Shares
11 November 1997
Pricewaterhouse Coopers
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PLEASE NOTE: THIS ARTICLE WAS ORIGINALLY SUBMITTED BY REVISUISSE PRICE WATERHOUSE, SWITZERLAND
Companies may have an interest or even be required commercially to hold own shares for the purpose of employee stock option plans or for meeting conversion claims of convertible bonds issued, etc. Commercial law allows companies to hold own shares up to 10% of the nominal amount of the share capital. For tax purposes, however, the holding of own shares is limited to a period of up to six years. If such shares are held longer than six years a partial liquidation of the company is deemed to arise. Thus the difference between the purchase price of the company's own shares acquired and the nominal amount of the shares held will be subject to 35% dividend withholding tax.
The content of this article is intended to provide a general guideline to the subject matter. Specialist advice should be sought about your specific circumstances.
On April 6, 2024, the Decree Amending the Decree numbered 8313 on the Determination of Companies Subject to Independent Audit ("Decree") ("Amending Decree") was published in the Official Gazette dated April 6, 2024 and numbered 32512.
6 Nisan 2024 tarihinde 32512 sayılı Resmi Gazete'de 8313 sayılı Bağımsız Denetime Tabi Şirketlerin Belirlenmesine Dair Kararda ("Karar") Değişiklik Yapılmasına İlişkin Karar ("Değiştiren Karar") yayımlandı.
In order to ensure a high level of data protection within the
EU, the GDPR provides for strict compliance responsibility on the
part of companies processing personal data.
8313 sayılı Cumhurbaşkanı Kararı" Bağımsız Denetime Tabi Şirketlerin Belirlenmesine Dair Kararda Değişiklik Yapılmasına İlişkin Karar ("Karar")"06.04.2024 tarihli ve 32512 sayılı...
The Resolution on Determination of Companies Subject to Independent Audit ("Resolution") was published in the Official Gazette dated 30.11.2022 and numbered 32029.
This newsflash highlights the features of the new Circular CSSF 23/845 that is relevant for credit institutions incorporated under Luxembourg law,1 including their branches...
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