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Switzerland: Comparisons of corporate tax rates in Swiss cantons

Switzerland: Corporate tax rates in Swiss cantons

The Swiss cantons of Vaud and Basel-Stadt are bringing some movement into the corporate tax rate situation for companies. These two cantons might be the first harbingers of a trend that could potentially usher in fundamental changes to the Swiss corporate tax landscape in the near future.

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KPMG’s Swiss Tax Report 2019 compares corporate and income tax rates in 130 countries as well as all 26 cantons.

The KPMG report shows that when ranked by regular corporate tax rate, the cantons of Central Switzerland and the canton of Appenzell-Ausserrhoden have the lowest rates. On average, corporate tax rates for companies were only reduced marginally, as was the case in the cantons of Zug, Schwyz and Glarus. Only the cantons of Vaud and Basel-Stadt made substantial cuts to their tax rates this year.

The cantons of Central Switzerland also topped the charts in an inter-cantonal comparison of individual tax rates—together with the canton of Appenzell-Innerrhoden. After a gentle downward trend, the average top income tax rate over the past 10+ years has settled at just below 34%. The cantons of Central Switzerland and Appenzell-Innerrhoden have topped the rankings since 2007.

 

Read an April 2019 report prepared by the KPMG member firm in Switzerland

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