Switzerland: Tax proposals for Canton of Zug | KPMG | GLOBAL

Switzerland: Tax proposals for Canton of Zug

Switzerland: Tax proposals for Canton of Zug

The Swiss Canton of Zug has confirmed an outline of tax proposals for 2017. Among the proposals are measures that would:

1000

Related content

  • Reduce the ordinary combined corporate income tax rate to approximately 12% (down from the current rate of approximately 14.6%)
  • Introduce a patent box regime with cantonal tax relief equal to 90%
  • Provide a cantonal tax deduction of 150% for research and development (R&D)
  • Provide adjustments in respect of capital taxation
  • Repeal certain “privileged tax regimes” for holding, mixed and domicile companies
  • Increase the taxation of qualifying dividends to 70% (up from the current 50%)

Depending on certain actions made on the federal level, the cantonal government is expecting to begin consultation for a cantonal implementation in April 2018, so that the amendments could be effective by 2020.

 

Read a June 2017 blog item posted by the KPMG member firm in Switzerland

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit