Share with your friends

Switzerland: Tax relief, economic relief measures (COVID-19)

Switzerland: Tax relief, economic relief measures

The Swiss Federal Council in late March 2020 announced a comprehensive package of economic measures in response to the coronavirus (COVID-19) pandemic.


Related content

Among the tax relief provisions are measures to delay payment or temporarily waive late-payment interest on social security contributions and various taxes.

Read an April 2020 report [PDF 116 KB] prepared by the KPMG member firm in Switzerland

Tax relief, cantons

Various Swiss cantons have also announced tax relief measures.

For instance, the canton of Valais announced that companies may recognize an extraordinary accrual in their 2019 financial statements of 50% of net profits, capped at CHF 300,000. The canton of Zug is considering temporarily reducing the cantonal tax multiplier from 82% to 78% for the years 2021-2023.

Read more on a dedicated KPMG website containing the cantonal overview.

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