9 July 2018 – Today (10 July 2018), the Swiss Federal Tax Administration (SFTA) issued guidance to the cantonal tax authorities regarding non-punishable voluntary disclosures of undeclared assets and income. The new guidance defines a reporting procedure that shall ensure that only taxpayers, who disclose undeclared assets or income for the first time, shall be exempt from fines. The taxpayer concerned will especially have to confirm in writing that it is the first time that he applies for the non-punishable voluntary disclosure. The SFTA will hold a central register on these taxpayers.

The guidance can be downloaded here in German and here in French.

If you have any questions, please don't hesitate to contact Robert Desax.