Proposed changes to the canton of Geneva’s Corporate Income Tax rate
On 17 October 2018, the Geneva Council of State announced a proposal that the new Corporate Income Tax rate should be reduced to 13.79%. The draft law has now to be submitted for approval by the Grand Council of Geneva in January 2019.
A potential vote on the Cantonal Act is planned for 19 May 2019 together with the Federal Act on Tax Reform. If approved the new Corporate Income Tax rate will enter into force on 1 January 2020. At this date, the Swiss tax regimes for Holding, Domicile and Mixed companies should be abolished.
News & Insights
Place of taxation of brokerage commissions
The new version of Article 21 the Cantonal and Communal Income Tax Harmonisation Act (CCITHA) will enter into force on 1 January 2019.
Entrepreneurs’ relief: Relief for gains arising before a dilution event
Helen Coward picks out key highlights from the draft legislation for the 18/19 Finance Bill on changes to Entrepreneurs’ Relief