Taxes

The Swiss VAT revision aims to simplify the tax and relieve Swiss companies of tax burdens. From January 1, 2018, the second part comes into effect, which primarily supports smaller companies.

Changes to the divorce law in 2017 affect pension and retirement provisions division, which has direct tax implications. Contributions to pension schemes are tax-deductible, even in the event of divorce.

In 2017, changes were made to divorce law, primarily affecting the division of pensions and retirement provisions and having direct tax implications. The goal is a flexible and fair distribution of the retirement pension between divorced partners.

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.