2020 SWISS CORPORATE TAX REFORM ADOPTED
1 July 2019
By a large majority Switzerland adopted the federal and cantonal corporate tax reform on 19 May 2019.
As from 1st January 2020 attractive corporate income tax rates will be in force. The Canton of Geneva provides for an effective 2020 general corporate income tax rate of 13.99%.
Current corporate tax privileges for holding companies, base, auxiliary, domicile or mixed companies, finance branches and principal companies are abolished as per 31 December 2020.