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.

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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.

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