Switzerland is consulting stakeholders on rules relating to the exchange of information under the OECD minimum tax.
In December 2023, the Swiss Federal Council brought the minimum tax into force for domestic companies with effect from January 1, 2024. Last year, the Federal Council decided to bring the income inclusion rule (IIR) into force with effect from January 1, 2025.
The OECD recently published the Multilateral Competent Authority Agreement on the Exchange of GloBE (Global Anti-Base Erosion) Information. The GloBE agreement forms the basis under international law for the exchange of information between the implementing jurisdictions, which should have the requisite information to check whether the tax calculations of MNE groups are correct and in accordance with the GloBE rules.
The GloBE agreement is also intended to make it easier for the MNE groups concerned to fulfil their obligation to provide information in the context of the minimum tax rate.
The proposed rules are aimed at enabling Switzerland to participate in the exchange of information under the minimum tax.
Comments must be received by May 8.