Several corporate tax law adjustments—both at the federal and cantonal level—are effective 1 January 2020, with most relating to the federal tax reform known as the “Federal Act on Tax Reform and AHV Financing” (TRAF).
A core element of the federal tax reform provisions is the repeal of tax privileges for “status companies” when the tax regimes no longer meet international standards. All companies are to be taxed according to the same rules. In order to prevent tax revenue shortfalls while positioning Switzerland to continue to be an attractive location for business, the canton of Zug is reducing the profit tax rate and providing tax relief measures for companies.
The new tax law measures in the canton of Zug include:
Read a January 2020 report prepared by the KPMG member firm in Switzerland
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