Taxes

Baar is the largest tax haven in Central Switzerland for high earners, with an income tax burden of 9.59%. The tax rates vary greatly depending on the location and individual factors such as denomination and possible deductions.

Since 2017, a mutual assistance agreement allows for spontaneous information exchange among OECD and G-20 countries. Tax rulings are only communicated to the directly affected countries, based on established OECD standards and national law.

Legal foundations for spontaneous information exchange came into force on January 1, 2017; implementation begins from January 1, 2018. Information is exchanged without prior notice when tax rulings meet specific international criteria.

Since 2017, the spontaneous exchange of information has enabled the exchange of tax rulings between contracting parties to definitively clarify preferential tax regimes and other tax-related aspects. Rulings regarding natural persons are generally excluded from this.

Since 2017, a new global standard has enabled spontaneous information exchange to combat tax evasion. This exchange, initiated by the OECD and G20 after the 2008 financial crisis, increases transparency in multinational tax matters.

Since 2017, Switzerland has enabled automatic exchange of information to combat cross-border tax evasion. Over 100 countries, including major financial centers, have committed to this global standard.

Since 2017, new Swiss law has enabled the global standard of automatic exchange of information for combating tax evasion. Personal data and account information are exchanged exclusively for tax purposes.

The automatic exchange of information, valid in Switzerland since 2017, is intended to promote global transparency and combat tax evasion. It is based on an OECD model agreement from 2014 and applies worldwide.

Since 2016 in Switzerland, up to CHF 12,000 can be deducted annually for career-oriented education. Additional payments are incurred when the employer assumes the training costs and these exceed the deduction.