Tuesday, 25 July 2017

Switzerland: new corporate tax proposal

After rejection by popular vote of the Swiss corporate tax reform III (CTR III) package in February 2017, a Swiss governmental working group comprised of federal and cantonal members (the steering body) has been working on a revised package (tax proposal 17).

The steering body published its recommended contents on June 1, 2017 for tax proposal 17. Now the Federal Council will consider the draft proposal and is expected to publish a final proposal for parliamentary discussion by end of June 2017. New tax proposal 17 is comparable to the CTR III package. The tax reform is expected to take effect January 1, 2020.

Source & more info: PwC