Bern, Switzerland (Le Matin, Fre) – In 2006 the Swiss government collected SFr536.7 million in taxes due by European Union residents to their governments on holdings in Swiss banks. Of this, SFr402.5m goes to EU governments and Switzerland retains SFr134.2 for its services.
The amount held back is currently 15% of the interest paid to account holders, but this will rise gradually to 35% in the next four years.
This was the first full year for the bilateral agreement on taxing savings, which went into effect in July 2005.
Posted by Ellen Wallace on 23 April 2007 at 18:36, last updated on 15 May 2009 at 16:45 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 23 April 2007.
Filed under: Society
Tags: Bern, EU citizens, Swiss taxes
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