EY s 8 th Global Mobility Breakfast. Food for thought. Tuesday, 6 October 2015, Geneva

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1 EY s 8 th Global Mobility Breakfast Food for thought Tuesday, 6 October 2015, Geneva

2 EY s 8 th Global Mobility Breakfast Food for thought EY is delighted to invite you to its 8 th Global Mobility Breakfast event to be held at Hotel Royal in Geneva on 6 October Expatriate tax concessions under threat! On 9 January 2015, the Swiss Federal authorities published a revised version of the Federal Ordinance on expatriate deductions. The revised Ordinance considerably reduces both the number of employees who can receive these deductions and the benefits that are deductible. According to our benchmark with international companies operating in Romandie, the new Ordinance is likely to increase the Swiss tax charge for many employees as well as the costs for employers. It confirms the more restrictive practice already followed by the German speaking cantons of Switzerland. As the new rules will apply as of January 2016, companies will need to determine before the end of this year whether expatriate status and deductions can still apply for incoming expatriates under prevailing contractual arrangements and implement any changes where necessary to continue benefiting from the deductions. Meanwhile, some cantonal authorities such as Geneva have started to communicate on the position they are likely to adopt and the transitional rules they intend to put in place. During today s breakfast our specialists will summarize the latest developments in this sensitive area and suggest next steps for Swiss-based employers with an international workforce. In particular, we will look at the following topics more closely: What are the current deductions expatriates in Switzerland can benefit from? What types of deductions are reduced or will no longer exist under the revised rules? Where is room for planning? How will existing employment contracts, assignment letters and global mobility policies need to be revised? How will the new rules affect cooperate agreements with international schools? Can existing rulings still apply and what are the transition rules for the new regulations? What are the topics subject to further discussion with the tax administration? How will the new rules impact the application for expatriate concessions, e.g. with respect to GEM (rulings) and administrative set up and reporting (payroll)?

3 The purpose of this session is to update you on the latest developments to allow you to proactively plan, manage costs and evaluate risks and opportunities once the new legislation comes into force. Restrictions on the private use of company cars: Latest update and first experiences! Another change with serious consequences for many Swiss companies and their employees relates to company cars offered to employees domiciled in the EU such as frontaliers working in Switzerland and living in neighboring EU countries (e.g. France). In fact, the more restrictive EU regulations entered into force as of 1 May this year, allowing the private use of the vehicle only for travel between the place of work and the place of residence of the employee. Customs duties, penalties and the confiscation of the car may apply in the EU in case of non-compliance with the new rules. When considering solutions for EU domiciled employees, Swiss employers will need to take into account the more stringent rules that apply in Switzerland. During today s breakfast, our VAT and global mobility tax specialists will share newest insights and first experiences on developments in Switzerland, France and Germany and highlight solutions for HR professionals to cope with the new requirements and the car policy amendments likely required. We very much hope that you will join us and we look forward to welcoming you to our event. Yours faithfully, Ralf Pawolleck Partner, Human Capital Laurence Berrutto Executive Director, Indirect Tax

4 Please use the enclosed reply-coupon to register and send it back to us no lather than 29 September Program 7:45 am Reception and buffet breakfast 8:15 am Welcome and introduction 8:20 am Expatriate tax concessions under threat! 8:50 am Restrictions on the private use of company cars: Latest update and first experiences! 9:20 am Discussion 9:30 am End of event 6 October, 2015

5 Speakers Ralf Pawolleck Partner Human Capital, Tax Services, Geneva Ralf has more than 20 years of industry and consulting experience in the human resources and tax aspects of globally mobile employees, including payroll. Based in Geneva, he is helping multinational corporations in developing compensation strategies and advises on international assignment and cost management. Laurence Berrutto Executive Director Indirect Tax Services, Geneva Laurence joined EY France in September 1999 as a VAT expert and then EY Switzerland in the Geneva Office as Executive Director in January She has over 20 years of advisory experience in indirect tax and customs, in French, Swiss, EU and international VAT Law. Radmilla Touchoupe Manager Human Capital, Tax Services, Geneva 5 years of experience within EY in Swiss national and international taxation for individuals and expatriates of multinational companies. Specialized in international taxation of incentive plans. Augustin de La Chapelle Manager Human Capital, Tax Services, Geneva Manager in our Swiss Human Capital practice based in Geneva specializing in global mobility advisory and Executive tax services. Augustin has 5 years of experience in a broad range of Mobility Services expertise covering the end-to-end process for all international mobility in various industry sector (Life & Science, Consumer products, automotive notably).

6 Directions Hotel Royal, Geneva Rue de Lausanne 1201 Geneva Phone Fax Public transport From Geneva main station: Tram No. 15 until Môle. By car If you use GPS navigation please type in : Rue de Lausanne 41, 1201 Geneva EY Assurance Tax Transactions Advisory 2015 Ernst & Young Ltd All Rights Reserved. HFI ED None