The calculation of the tax rates in Switzerland is based on the net income of the taxpayer. Like in most other countries, there are several tax deductions that can be made when a tax declaration is filed. These will reduce the taxable income and consequently the amount of tax that needs to be paid.
Doing business in Switzerland is a great opportunity for many entrepreneurs and companies interested in investing their money into profitable and advantageous business ventures. Here are some important facts about the legislation, taxation system and overall business environment in Switzerland.
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.
