Heinz Tännler, the Head of the Department of Finance supports the proposals of the Federal Steering Committee for the new Zug tax regulation 2017. Tännler feels encouraged in regard to the reform of the corporate tax law in Zug.
Switzerland has become a preferred destination for investorsdue to its taxation system, geographic and political position, low inflation, low unemployment rate as well as its competitive business environment.
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.
In June 2016, the Swiss parliament passed the final corporate tax reform package meant to strengthen Switzerland as a competitive business location for foreign companies or entrepreneurs. The tax reform plan (CTR III) includes several tax reform measures related to the federal and cantonal tax laws.
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