switzerland taxation

Switzerland is offering one of the most competitive business environments, not only on European level, but also globally. This is a consequence of the business – friendly strategy adopted by the Swiss government. Although many important global corporations have their headquarters in Switzerland, most companies incorporated in Switzerland belong to small businesses. Therefore, it’s only natural that small businesses benefit from various tax incentives, available through dedicated government programs.

The Corporate Tax Reform III has been approved by the Swiss Parliament. This tax reform was created in order to preserve Switzerland’s attractiveness as a location for multinational companies that want to take advantage of a more relaxed taxation. Due to the potential referendums that are in order and implementation processes of the new reform, the new measurements are expected to enter into force somewhere before the beginning of 2019.

The cost of living in Switzerland is among the highest in the world, with the main cities Geneva and Zurich being named in a 2015 study among the most expensive cities in the world. On the other hand, Swiss salaries and the living standards are also among the highest in the world, which is the main reason why you should still consider Switzerland a perfect location for working and living.