Update Tax Proposal 17
On 28 September 2018, the Swiss Parliament adopted the legislation for the Swiss corporate tax reform package, the Tax Proposal 17 (TP 17). TP 17 is expected to inter into force on 1 January 2020. A public referendum vote is however expected for TP 17 in May 2019.
The present contribution provides an overview of the new developments related to Swiss tax law and especially the Tax Proposal 17 (TP 17). The contribution presents the main measures linked to TP 17 and their potential impact on Swiss multinational companies and shows opportunities for those companies. TP 17 provides in particular for low tax rates (9% to 12%), a patent box regime based on the nexus approach, R&D super deductions, notional interest deductions and a step-up upon immigration or abolishment of the preferential tax regimes. The contribution also addresses changes in the field of withholding tax, income tax for individuals and VAT, as well as the abolition of the finance branch practice.
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Beat BaumgartnerPartner Attorney at law, Swiss certified tax expert
Beat Baumgartner, attorney at law and Swiss certified tax expert, is a partner in our Zurich office. He focuses on Swiss and international taxation, M&A, financing and capital market transactions.T: +41434346700 E: [email protected]
Fabian SutterPartner Attorney at law, Swiss certified tax expert
Fabian Sutter, attorney at law and Swiss certified tax expert, is a partner in our Zurich office. He focusses on Swiss and international taxation, in particular corporate reorganizations and restructurings, M&A, financing and capital market transactions, transfer pricing, private equity, real estate transactions as well as tax litigation.T: +41434346700 E: [email protected]