The public voted on 19 May 2019 to adopt the Federal Act on Tax Reform and AHV Financing (TRAF), confirming the reform of corporate taxation in Switzerland.
The tax reform focuses on legal certainty and investor confidence and 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. TRAF enters into force as early as 1 January 2020. Currently, it is up to the cantons to implement measures based on the federal framework. Learn more about the tax reform in our blog, our webcast and below.
Stay abreast of developments
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.
Stefan Kuhn, Head of Tax & Legal, Member of the Executive Committee
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