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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BeatBaumgartnerAttorney at law, Swiss certified tax expert Partner
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: +41 43 434 67 10 M: +41 79 930 63 52 E: email@example.com
FabianSutterAttorney at law, Swiss certified tax expert Associate
Fabian Sutter, attorney at law and Swiss certified tax expert, is an associate in our Zurich office. He focusses on Swiss and international taxation, in particular transfer pricing group and investment structures, M&A, financing and capital market transactions, private equity, venture capital and structured financial instruments.T: +41 43 434 67 14 M: +41 79 398 76 39 E: firstname.lastname@example.org
GabrielBourquinDr. iur., Attorney at law, tax adviser Associate
Gabriel Bourquin, attorney at law and tax adviser, is an associate in our Zurich office he focuses on Swiss and international taxation, as well as criminal taxation.T: +41 43 434 67 23 M: +41 78 862 36 88 E: email@example.com