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Switzerland: Extension of withholding tax exemption on "too-big-to-fail" instruments approved by National Council

Extended beyond 2026

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December 2, 2025

The National Council on September 8, 2025, approved an extension of the withholding tax exemption on interest from financial instruments issued by systemically important banks.

The exemption, in place since 2013, was previously extended to the end of 2026 and will now continue beyond that.


For more information, contact a KPMG tax professional in Switzerland:

Christoph Bolliger | cbolliger@kpmg.com

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