Financial Services Tax

Government policymakers around the world are working together on tax reforms that could significantly alter the way global businesses are taxed. For instance, the BEPS 2.0 project, which is shifting the global tax architecture under which multinational corporations operate, was implemented by Switzerland using the qualified domestic minimum top-up tax (QDMTT) provided under BEPS 2.0 as of 1 January 2024.  EY Switzerland’s Financial Services Tax can help you navigate these changes and any others that emerge on the international tax horizon.

The Customer Tax Operations and Reporting Services (CTORS) team advises clients across the client tax lifecycle from onboarding to product suitability and tax risk, to client data maintenance to reporting and withholding. Our team helps organizations meet their customer-related regulatory obligations, (including Qualified Intermediary (QI), s871m, Automatic Exchange of Information / Common Reporting Standard, Mandatory Disclosure Regime/ DAC6 etc.) as well as product tax suitability, operational taxes and client reporting, supported by EY teams across the globe and underpinned by a suite of secure, connected, technology solutions supporting each stage of the customer tax life cycle. 

With capabilities to analyze large amounts of multijurisdictional data, EY’s Tax Accounting and Risk Advisory Services (TARAS) network of dedicated professionals advises you on intricate tax issues. Support includes preparing accounting calculations, researching technical issues, advising on complex planning and transactions, implementing and remediating processes and controls, establishment or health check of Tax Risk Management Frameworks and Policies, and advising on sustainability matters. 

TARAS also assists your business with all aspects of financial and sustainability reporting for tax, helping to improve your overall performance.

Revenue authorities, including those in Switzerland, are focusing more widely and intensely on transfer pricing issues. From documentation to helping your practices match your policies, our teams of experienced professionals can help interpret the intent of tax authorities wherever you operate or intend to operate

Whatever your situation, appropriately pricing and documenting your intercompany transactions to comply with various countries’ rules and legislation is imperative in managing tax risk. Whether you choose to apply a globally centralized approach or a decentralized solution for your documentation needs, it is important to understand the rigorous transfer pricing scrutiny in your relevant jurisdictions. We guide you in developing a risk-based approach that aligns your business and tax strategies with your risk profile.