On 28 September 2018, the Swiss parliament approved the final draft of the Federal Act on Tax Reform and AHV Financing (TRAF), formerly referred to as Tax Proposal 17.
The tax reform’s objective is to secure the long-term tax attractiveness of Switzerland as a business location and to restore international acceptance of the Swiss tax system and at the same time securing an appropriate level of tax revenue. The tax reform foresees the replacement of certain preferential tax regimes with a new set of internationally accepted measures. The legislative changes will go along with the intention of a broad reduction of the cantonal corporate tax rates.
For further information please visit our latest Global Tax Alert and register for our Webcast on TRAF on October 2, 2018, 1.30 pm CEST.
