In order to promote the maritime sector and to set an equal playing field for Swiss-based companies internationally, the Federal Council published its dispatch and draft legislation to introduce a tonnage tax in Switzerland. The tonnage tax will allow maritime companies (subject to certain conditions) to determine the taxable profit at a flat rate based on tonnage, i.e., the loading capacity, instead of the profits determined based on the otherwise applicable standard Swiss tax laws, which may allow Swiss maritime companies to reduce their corporate tax burden.
Source EY
Latest Posts in "Switzerland"
- Switzerland Considers VAT Hike to Fund Increased Defence Spending Amid Security Concerns
- Federal Council Launches Consultation on VAT Law Amendments for Digital Services and Service Combinations
- Swiss Government Considers VAT Increase to Boost Military Funding Amid Security Concerns
- Swiss VAT Declaration: Deadlines, Process, and Legal Requirements for Foreign Companies
- Switzerland Delays VAT Rate Increase to 8.8% Until 2028
