Switzerland’s Parliament adopted the Federal Act on Tax Reform and AHV Financing (TRAF) on 28 September 2018. Like its two predecessors – Corporate Tax Reform III (CTR III) and Tax Proposal 17 (TP17) – the latest tax reform focuses on legal certainty and investor confidence. The tax reform pursues the following three objectives: safeguarding the tax appeal of Switzerland as a business location, promoting the international acceptance of Switzerland’s corporate tax legislation and ensuring sufficient tax revenues to finance public activities. The law is subject to an optional referendum, which can be called until the deadline in mid-January. A public vote could potentially take place on 19 May 2019 and the reform should enter into force as early as 1 January 2020. In a next step, it is up to the cantons to implement measures based on the federal framework. Learn more about the tax reform in our blog and below.
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KPMG Switzerland is following the tax reform process closely, both from a political and an economic perspective. Our experts can offer regular and comprehensive insights into the current discussions and would be delighted to discuss or review your company's tax planning in light of the tax reform. Please contact us to find out more.
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