Taxes in Switzerland are levied at federal, cantonal and local level. Dividends and interests are a subject of the withholding tax, at a rate of 35%, however the withholding tax can be deducted in full, under certain conditions.
Buying properties in Switzerland, especially a house or a commercial property is not as easy as is sounds, as the Swiss real estate market is highly regulated. Owning a house in Switzerland is not something as usual. More than 60% of the people living in Switzerland usually rent their residence.
The Corporate Tax Reform III has been approved by the Swiss Parliament. This tax reform was created in order to preserve Switzerland’s attractiveness as a location for multinational companies that want to take advantage of a more relaxed taxation.
Doing business in Switzerland is a great opportunity for many entrepreneurs and companies interested in investing their money into profitable and advantageous business ventures.
Switzerland has decided to permanently quit joining the European Union, formally withdrawing a request made in this regard, sitting in the drawers of EU’s officials buried for 24 years.
The Swiss VAT system is mostly in accordance with the European VAT Directive; however there are some important differences that need to be addressed, especially when it comes to foreign suppliers of goods and services