Reporting procedures in the group for WHT (German only)

At WHT , the notification procedure is now to be possible for groups with a shareholding of 10 percent or more and for all legal entities that hold such a qualified participation. Furthermore, the authorization to be obtained in international circumstances will be valid for five years instead of three. At its meeting on May 4, 2022, the Federal Council approved the amendments, which will enter into force on January 1, 2023.

The notification procedure within the group can replace the procedure with delivery and reimbursement of the WHT . It is now applicable from a shareholding of 10 percent, instead of 20 percent as before, and is extended to all legal entities that hold such a qualifying holding. The safeguard function of WHT is retained and the innovation has only a minor financial impact: It is true that the companies have more liquidity in the period between delivery and reimbursement of the WHT , which is not available to the state. Nevertheless, this impact is negligible in the current interest rate environment. Furthermore, the extension of the reporting procedure reduces the administrative burden for companies and tax authorities.