Share with your friends

Switzerland: Tax ordinances, implementing tax reform measures for 2020

Switzerland: Tax ordinances, implementing tax reform

The Swiss Federal Council on 13 November 2019 approved ordinances that will implement the 2020 tax reform measures concerning the patent box regime, the notional interest deduction, and a credit on foreign withholding taxes.


Related content

The Swiss federal law on tax reform and AHV financing (TRAF) is effective 1 January 2020. Up to now, various ordinances (new and existing ones to be amended) that are intended to implement the tax reform measures have only been available in draft format during in the course of the consultation procedure. The Federal Council this week approved three ordinances that will be effective 1 January 2020.

  • Ordinance on the reduced taxation of profits from patents and similar rights (patent box ordinance)
  • Ordinance on the tax relevant deduction on equity financing of legal persons (notional interest deduction)
  • Amendment of the ordinance on the lump sum tax credit (new: ordinance on the credit of foreign withholding taxes)

In general, the final version of these three ordinances reflect only minor changes from the draft versions.

Read a November 2019 report prepared 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


Want to do business with KPMG?


loading image Request for proposal