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
Government provides welcome clarity for EMI option holders who have been furloughed
The proposed amendments will provide some clarity and address concerns regarding the consequences of furloughing EMI option holders.
My Swiss bank account: what’s there to know?
Having a bank account in Switzerland is very commonplace as far as banking arrangements go.