corporate tax system

 
A new corporate law, Capital Increase and Capital Reduction in Switzerland is set to come into force on 1 January 2023. 
 
But what does it mean for your Swiss business and how can you take advantage of the opportunities it offers?
 
The new legislation is designed to improve the functioning of companies, particularly with regard to capital increase and capital reduction. The main objective is to simplify the process of corporate restructuring and to help companies engage in efficient capital management. 
 

Switzerland is the preferred destination by most   businesses wishing to expand their operations. With its low tax rates, modern infrastructure, and stable economy, companies running in the country are among the most successful in the world.  In fact, it’s ranked as the world’s best country for doing business by Bloomberg Rankings.

Last year, Switzerland introduced a new law, the "blockchain law". The implementation of this law will follow two stages: the first which already occured on the 1st of February, and the other to eventuate in August. Invoked on the 1st of February were reforms on company law. In the second phase in August, the State will put into effect upgrades of the financial market infrastructure. These will allow Switzerland to have a properly managed cryptocurrency industry where all actors are fully informed of the opportunities & risks associated. 
 

The Swiss government has gone the extra mile in leveraging low corporate tax rates as a competitive advantage. In Switzerland, corporate tax rates vary depending on the canton where you are operating your business.

On the 19th of May 2019, Swiss voters voted in favour of the Federal Act on Tax Reform and AHV Financing (TRAF)—confirming the corporate taxation reform. The main purpose of the reform is to bring tax legislation in line with international standards and to remove Switzerland from the EU “Grey List”, which it has been in since December 2017. This list includes states that are under EU control and have agreed to cooperate to improve the tax system.
 

Some of the most important administrative tasks that are required to successfully run a business in Switzerland, especially regarding the taxation of Swiss companies and corporate tax rates.