A Guide to the Default Method for Foreign Non-Grantor Trust (FNGT) Distributions

Authored by Matthew Ledvina, JD, LLM in Taxation, Matthew, a native of the United States, spent nearly two decades living in Switzerland.Renowned for its advanced financial infrastructure, Switzerland has consistently been a preferred destination for wealth management. Among the distinctive features of its financial landscape is the lump-sum tax regime, referred to locally as “régime du forfait,” designed for certain foreign residents in the country.