Switzerland to introduce part of minimum corporate tax deal in 2024
Switzerland to introduce part of minimum corporate tax deal in 2024
The Swiss government has decided to introduce part of the OECD/G20 minimum corporate tax deal on January 1, 2024.
Large globally active companies will be taxed at a rate of at least 15% in Switzerland in the future. The Swiss government decided on Friday to introduce part of the OECD/G20 tax reform as planned on January 1, 2024.
The rapid implementation will prevent tax revenue from flowing abroad, the Federal Department of Finance (FDF) wrote in a press release.
The minimum taxation will be implemented in Switzerland with an amendment to the ordinance, which provides for the levying of a new supplementary tax in Switzerland. This required an amendment to the constitution. The people and cantons clearly approved this last June in a nationwide vote. After six years, the government must submit a federal law to Parliament. ...