The Geneva State Council presented a final cantonal project for implementation of federal tax reform and other tax provisions, including a measure to reduce the canton’s corporate income tax rate to 13.79%.
Following the Swiss Parliament’s passage in September 2018 of a law that is known in English as the “Federal Act on Tax Reform and AVS Financing” (TRAF), amendments were made to the initial cantonal project of Geneva including the following:
The next step is for the cantonal parliament to organize a public vote in May 2019. Thus, voters in Geneva would vote jointly on the federal and cantonal projects on the same day. If approved, both the federal and cantonal projects would be effective 1 January 2020.
Read a 2018 report prepared by the KPMG member firm in Switzerland
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