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Switzerland has a "classical" corporate tax system in which a corporation and its owners or shareholders are taxed individually, causing economic double taxation. All legal persons are subject to the taxation of their profit and capital, with the exception of charitable organisations. [ 27 ]
The Federal Direct Tax (FTA) is a Swiss direct income tax. It is the main source of revenue for the federal government, followed by the value-added tax (VAT), which represent respectively 34.3% and 32.1% of the total tax receipts as of 2022. [1] There is no wealth tax at the federal level; it is levied only by the cantons and municipalities.
In December 2021, the Federal Assembly passed a bill abolishing the withholding tax levied on Swiss corporate bonds, in order to make them more attractive. [6] [7] [8] The request for a referendum was granted in May 2021, [9] and the vote took place on September 25, 2022, when the people narrowly rejected the amendment to the law with 52% of ...
the value added tax (VAT) the federal direct tax (FDT) the withholding tax; the stamp duty; the military service substitute tax; Subdivisions of the FTA also take care of the application and enforcement of tax law, provide information on tax issues, further develop the tax system and help resolve international tax issues (e.g., double taxation ...
Value added tax is structured as an all-phase tax with input tax deduction. If a taxable person provides a service to another taxable person, the former must pay the VAT on the service; the recipient can reclaim the tax paid as input tax from the Federal Tax Administration (FTA), but must also pay tax on his services to his customer.
Print/export Download as PDF; Printable version; In other projects ... Swiss tax resisters (1 P) Pages in category "Taxation in Switzerland"
This strong market position generates substantial cash flows that support shareholder returns. Turning to the specifics, the pharmaceutical giant offers investors a 4.3% dividend yield backed by a ...
It came into force on 1 January 2000. The 1999 Constitution of Switzerland consists of a preamble and six parts, which together make up 196 articles. [3] It provides an explicit provision for nine fundamental rights, which up until then had only been discussed and debated in the Federal Court. It also provides for greater details in tax laws.