Doing business in Switzerland is a great opportunity for many entrepreneurs and companies interested in investing their money into profitable and advantageous business ventures.
The calculation of the tax rates in Switzerland is based on the net income of the taxpayer. Like in most other countries, there are several tax deductions that can be made when a tax declaration is filed. These will reduce the taxable income and consequently the amount of tax that needs to be paid.
The cantonal laws and tax rates in Switzerland may vary considerably from one canton to another, which is why it’s important where it’s best to found a company in Switzerland.
The Swiss tax system is characterized by various levels of direct taxation: direct federal tax, cantonal taxes and municipal taxes. The tax legislation in the individual Swiss cantons is often very different from one canton to another.