Financial Services Tax

Tax consulting for financial services institutions and insurance companies

Banks, asset managers, and insurance companies often have very specific needs, also resulting from the increasingly complex regulatory framework of the financial sector.

LCA Tax Consulting offers specific tax consulting services for the financial and insurance sectors, supported by a deep understanding of the respective business and regulatory environment. This is possible thanks to the extensive experience gained by our experts over several years providing tax advice to some of the leading Swiss and international financial and insurance service providers.

We assist banks, wealth managers, investment funds and other collective investment schemes, as well as insurance companies and insurance brokers with, in particular, the following specialized tax services:

Banks and wealth managers

  • financial sector-specific advice regarding Swiss withholding tax and federal stamp duties;
  • tax treatment of financial instruments, including negotiation of tax agreements (rulings) with the tax authorities;
  • support in drafting tax clauses for term sheets;
  • tax reporting for Swiss resident clients;
  • assistance with tax audits;
  • assistance in meeting tax obligations.

Asset management

  • restructuring of investment funds and other collective investment schemes, including negotiation of tax rulings with the tax authorities;
  • calculation of taxable income for private investors of investment funds and other collective investment schemes; reporting to the tax authorities (fund tax reporting);
  • requests for relief or refund of withholding taxes;
  • assistance in meeting tax obligations.

Insurance companies

  • tax treatment of insurance products and solutions, including negotiation of tax rulings with the tax authorities;
  • assistance in meeting tax obligations.