lunes, 17 de octubre de 2016

Switzerland: Federal tax holiday rules revised

On 3 June 2016, Switzerland’s Federal Council adopted an ordinance that amends the country’s rules for granting federal tax holidays. The main changes, which apply as from 1 July 2016, include (i) the introduction of a Swiss franc (CHF) cap per new job created and per job preserved; (ii) changes to the economic development areas that qualify for a federal tax holiday, to take into account regional planning policies; and (iii) increased transparency of the federal tax relief granted.

During the planning phase of the federal tax holiday reform, which commenced in 2013, the Federal Council held discussions with the European Commission and the OECD Forum on Harmful Tax Practices (FHTP). Based on these discussions, the FHTP declared in 2015 that the EU/OECD will not challenge tax incentive regimes, such as the Swiss tax holiday regime. Accordingly, neither the Swiss federal nor the cantonal tax holidays should be affected by the Swiss Corporate Tax Reform III or by the OECD BEPS project.

Source & more info: Deloitte 

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