18 October 2016 Swiss Supreme Court denies deductibility of punitive fines for corporate tax purposes The Swiss Supreme Court on September 26, held in a long-awaited decision that punitive fines are not deductible under Swiss corporate tax. The decision extends to both fines under criminal law and administrative penalties of a criminal character. To the extent that a fine or part of a fine relates to the confiscation of the revenue generated through the illegal activities, however, it will generally be tax deductible. A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details. Document ID: 2016-1766 |
