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The following corporate tax rates for the 2020 tax year include income tax at the federal, cantonal and communal levels. They take into account the fact that taxes in Switzerland are tax deductible (so-called effective income tax rates). Heads of schools and municipalities with the lowest income tax rates in the respective cantons are indicated: In Switzerland, taxes are levied at federal, cantonal and communal level. This is particularly the case for income and wealth taxes for legal persons and income and wealth taxes for natural persons. The tax burden between cantons and between municipalities within the same canton can be very different. With the entry into force of the latest corporate tax reform, many cantons have reduced their corporate tax rates from the 2020 tax year. A capital gain on real estate sold by an individual is not subject to federal tax unless the property is part of the business assets. At cantonal and communal level, real estate capital gains are taxable. Tax rates are progressive and there are surcharges for short periods of detention and discounts for long periods of detention.

Thus, high profits made over a short holding period could be taxed at a rate of more than 50%. No tax is levied when the profit is reinvested, but only if the property is the taxpayer`s principal residence. The Geneva tax table is quite complex because it does not apply a tax classification system. Tax rates continually increase in small brackets with each increase in income. The following table therefore gives only a general overview. The federal corporate tax rate is flat at 8.5%, but additional cantonal and communal rates can vary considerably. The maximum corporate tax rate, including all federal, cantonal and communal taxes, is between 11.9% and 21.6%. However, a series of allowances and deductions means that you usually pay much less. Wealth tax is levied in all cantons and communes, which include all taxpayers` property and rights with a present value.

These assets and rights are generally valued at market value. Taxable assets include, in particular, immovable property, fixed assets, cars, redeemable life and pension insurance and business assets. Ordinary household assets are exempt from tax. The tax base for wealth tax is net worth, i.e. gross wealth, which is reduced by the sum of the taxpayer`s documented debts. In addition, social deductions can be made from net assets. These vary from canton to canton, as do tax rates, which are generally progressive. The exemplary burden of wealth tax on married persons without children in the respective cantons/communes for a taxable asset of CHF 5 million is as follows (2020): The differences result from the fact that different deductions and tax rates apply at cantonal/communal level in the respective cantons. The Confederation may levy customs duties and other charges on the cross-border movement of goods within the Swiss customs area. Prices are based almost exclusively on weight (e.B CHF X per 100 kg gross).

Customs revenue is paid into the Confederation`s coffers and amounted to around CHF 1.13 billion in 2016. [37] Federal Tax Administration – Tax terms (explanations of legal tax rates, legal tax rates, calculation period/tax year, etc.). Property taxes are cantonal or municipal taxes on land and buildings. It is payable by natural and legal persons registered in the land register as owners or users (usufructuaries) of a property. In general, the tax is calculated on the total taxable value of the property, i.e. without taking into account the associated debts or mortgages. The property is taxed at its location, regardless of where the owner lives. Several cantons have decided not to levy this tax (e.B Zurich, Zug).

The other cantons apply a variety of systems (tariffs are 1 to 3 ‰). In Switzerland, taxes are levied by the Swiss Confederation, cantons and municipalities. In 2016, around CHF 183 billion in taxes were levied in Switzerland, of which CHF 65.5 billion was levied by the Confederation, CHF 46 billion by the cantons, CHF 28 billion by the municipalities and CHF 45 billion in the form of social security contributions. [51] The total fiscal rate was 27.8% of GDP in 2016. [51] The effective rate of individual tax varies considerably depending on the canton and commune of residence. In 2006, for example, companies subject to ordinary tax paid between 13 and 25% of income tax, and the maximum personal tax rates in large cities ranged from 12.3% in the canton of Zug to 32.3% in the canton of Jura. [52] Income tax is levied at three different levels: at the federal level (which is the same throughout Switzerland), at the cantonal level (which is the same in a given canton and is based on the tax legislation and tax rates of the canton) and at the communal level (the municipalities follow the cantonal tax law, but have the right to set their own municipal tax rate within certain parameters). .

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