Financial Services Tax

In Tax

Managing international, federal and cantonal tax obligations responsibly and proactively can make a critical difference in reducing inefficiencies and improving opportunities within your organization. As specialists across Wealth and Asset Management, Banking and Insurance, EY Switzerland’s Financial Services Tax is uniquely placed to support you with all your tax needs.

Related topics Tax Tax planning Tax compliance Financial Services Tax function operations Global tax reform

The team

Rolf Geier

Rolf Geier

Partner, Global Compliance & Reporting in Financial Services | EY Switzerland

Philipp Kuhli

Philipp Kuhli

Partner, Tax Accounting in Financial Services | EY Switzerland

While in-house capacity and budgets remain stable, your tax team is juggling a growing list of priorities: compliance, transparency, risk management, sustainability, digital transformation, and value creation. At the same time, they need to be at the forefront of various tax heads: business tax, indirect tax, international tax, transfer pricing, operational tax and client tax.

EY’s Financial Services Tax specialists are ready to lift the burden where it’s heaviest – and help your business move forward with ease. Underpinned by leading tax technology solutions, our comprehensive tax expertise combines with our financial services experience to deliver integrated solutions across Wealth and Asset Management, Banking and Insurance. We help you by:

  • Advising your business and supporting your compliance in a rapidly changing regulatory environment
  • Identifying and reducing inefficiencies through use of optimal tax function operating models and technology solutions
  • Empowering your teams to create value for your business beyond tax
To remain compliant, manage risk and create value in the unique financial services ecosystem, tax teams need dedicated financial services tax technology and expertise.
Rolf Geier
Partner, Global Compliance & Reporting in Financial Services | EY Switzerland

Swiss Transfer Pricing: A deep dive series

New Q&A on transfer pricing issued by the Swiss Federal Tax Administration
New Q&A on transfer pricing issued by the Swiss Federal Tax Administration

Additional transfer pricing guidance offers important insights into Swiss practice and the interpretation of international rules.

2 May 2024 Francisco Palacios

Spotlight on SFTA guidance regarding intercompany financial transactions
Spotlight on SFTA guidance regarding intercompany financial transactions

The transfer pricing Q&A provides welcome clarification of intercompany loans in the TP context.

31 May 2024 Francisco Palacios

New Swiss transfer pricing guidance
New Swiss transfer pricing guidance

Additional guidance offers insights into the treatment of transfer pricing adjustments in Switzerland and their tax impact.

3 Jul 2024 Francisco Palacios

Our services include:

  • Tax planning

    Whether you’re looking to align your strategies related to tax, business and sustainability, enhance transparency or sharpen your business focus, tax planning is key to creating value in a complex regulatory environment.

    Our Financial Services Tax team stands ready to assist you on various aspects of direct or indirect tax, be it stamp tax, withholding taxes or income and capital taxes.

    Blending technology and financial services aligned business acumen to help you focus on consistency, compliance and your organization’s strategic objectives, EY Financial Services Tax professionals help you and your business succeed in an increasingly unpredictable global economy.

     

  • Global Compliance and Reporting

    For global businesses, accurate tax compliance is an instrumental piece of the tax puzzle. Getting this piece right is increasingly complicated because of the rapid pace of legislative and regulatory change, and the increasing digitalization of revenue authorities. In keeping pace with the new digital world’s increasing complexity and transformational mandates to meet requirements, how do you reduce non-compliance risk and add value cost-effectively?

    Operating in a unique ecosystem, and taking into account Swiss specificities such as cantonal differences or stamp duties, EY Switzerland’s Financial Services Tax professionals help you navigate regulatory nuances, manage risk and ensure compliance wherever you or your clients do business. 

  • Global tax reform

    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.

  • Tax technology and transformation

    As technology comes of age, financial institutions must transform to keep up with stakeholder demands – including those of increasingly digital revenue authorities.

    EY Financial Services Tax delivers integrated solutions and resources to help you do tax better, faster and more cost effectively through technology enablement, automation and digitalization.

    We help define what it means to operate “best in class” and “best in cost,” with a blueprint for dividing functional activities to reach the desired result — from technology to talent.

  • Customer Tax Operations and Reporting Services (CTORS)

    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. 

  • Swiss fund tax reporting

    In recent years, fund tax reporting has evolved into a sector norm, applicable not only to retail funds but also to alternative investments. In response to the evolving landscape, distributors now favor funds that show complete adherence to all investor tax regulations. As per Swiss tax law, Swiss investors —  given proper structuring and compliance with reporting — can enjoy a tax exemption on private capital gains. Guaranteeing complete compliance for your investors offers you a strategic advantage, enabling you to broaden your reach and attractiveness to Swiss investors.

    EY has developed an integrated package of tax services to help asset managers and funds meet their tax obligations, mitigate risks and contain costs. Our asset management tax professionals are ready to work with you and provide EY services through our Global Tax Platform (GTP).

  • Tax Accounting and Risk Advisory Services (TARAS)

    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.

  • Transaction tax, law and workforce advisory services

    For companies considering a transaction, it is critical to develop a holistic strategy to properly react, recover and shape their futures. Focusing on the tax, legal and workforce consequences of transformational change, our market-leading EY team of transaction, law and workforce advisory professionals will help you drive sustainable and inclusive growth by providing end-to-end strategy, deal execution and post-deal services advice.

  • Transfer Pricing

    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.

  • Sustainable taxes

    With urgent environmental and social action needed from business, the tax function has never had a more critical role in accelerating your sustainability strategy and building long-term value. EY Sustainability Tax can help you turn ambitions into action, through a holistic view of your global tax strategy. Complex government policy and growth opportunities around sustainability mean the tax function must move beyond keeping up. It must take the lead in driving a corporate sustainability strategy throughout your entire organization. 

For certain challenges, tax expertise is not enough. EY Switzerland’s Financial Services Tax team focuses on the hot topics and pressing issues facing financial institutions specifically.
Philipp Kuhli
Partner, Tax Accounting in Financial Services | EY Switzerland

How EY can help

Global Compliance and Reporting (GCR)

In a globalized economy with increasing digital demands from tax authorities, global compliance and reporting has to keep pace.

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Customer Tax Operations and Reporting Services

Meet your customer-related regulatory obligations through our integrated suite of end-to-end customer tax operation services.

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Swiss Fund Tax Reporting

Reporting taxable income is a legal requirement for foreign collective investment schemes authorized by the Swiss Financial Market Supervision Authority (FINMA). Working with a high-quality, efficient, tech-enabled fund tax reporting service provider will support your business and help position you ahead of the competition.

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Tax Accounting and Risk Advisory Services

Our professionals help you get the numbers right by preparing tax accounting calculations, researching technical issues and reviewing transactions, accounting entries and adjustments that may have tax consequences.

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Transaction tax, law and workforce advisory services

For companies considering a transaction, it is critical to develop a holistic strategy to properly react, recover and shape their futures. Focusing on the tax, legal, and workforce consequences of transformational change, we help you maximize value with integrated solutions.

Read more
Transfer pricing compliance and documentation

Revenue authorities 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.

Read more
Sustainability tax services

Turn ambitions into action, through a holistic view of your global tax strategy.

Read more

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