Reporting obligations for payments in foreign trade

In the “Zeitschrift für Bilanzierung, Rechnungswesen und Controlling”, 7/2019, Rechtsanwalt Anton Schmoll has published an article on Z4 reporting obligations according to the Foreign Trade and Payments Ordinance. In practice, an alarming number of entrepreneurs know their
Reporting obligations for international payments
not.

The article provides an overview of the existing reporting obligations by defining the most important terms and explaining them with the help of practical examples. The reader also learns which formal and deadline requirements must be observed and when, in the event of a violation, a self-denunciation with immunity from prosecution can be considered.