Switzerland Won’t Amend Tax Law in Regard to Blockchain in Near Future
Switzerland does not need to amend its current tax legislation to cover blockchain-based arrangements, the Federal Council believes. Switzerland’s existing tax law is applicable to developments in the blockchain industry, the Swiss Federal Council said. According to the federal authority, Switzerland does not need to amend its existing tax legislation in regard to blockchain and distributed ledger technology, or DLT. No legislative action is necessary regarding blockchain industry In a June 19 meeting, the Federal Council has addressed a report on the need to amend Switzerland’s tax law in response to DLT and blockchain developments.
Coin Telegraph - 29th Jun 19:06