Print Friendly, PDF & Email

Confirmation from a bank stating that the units/shares in question are held at that bank in the custody account of an investor domiciled outside Switzerland, and that the distributions of income are credited to this investor’s account. If such an affidavit is provided, Swiss investment funds that generate more than 80% of their income from foreign sources may distribute income to investors domiciled abroad without deduction of Swiss withholding tax.

Term-Nr.: 53

German: Affidavit (31)

Source: Swiss Fund Data m. e. E., 20.10.2018

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *