Art. 19 Federal Law of October 13, 1965, on Withholding Tax (WTA)

The insurer must fulfill its tax obligation by declaring the taxable insurance benefit, unless the insured party or a beneficiary has communicated their objection to the declaration in writing before the payment is made.

If the withholding tax the insurer is required to pay as a result of the objection exceeds the amount of the benefit that remains to be paid, the objection to the declaration is only valid if the objector reimburses the insurer for the difference.

The insurer is required to report the benefits to the Federal Tax Administration (FTA) within thirty days following the end of the month during which they were executed.

The insurer is also required to report to the FTA the periodic benefits of annuity insurance subject to the Federal Law of April 2, 1908, on the Insurance Contract within thirty days following the end of the year during which they were executed.