pay tax

Tax deductions in Switzerland

The amount of the tax paid in Switzerland depends on the net income of the taxpayer. Like in most European countries, there are several tax deductions that one can leverage to significantly lower their taxes. These will reduce the taxable income and consequently the value of tax that needs to be paid.

2019 Federal Act on Tax Reform and AHV Financing—What’s New?

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.