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September 28, 2018
2018-1923

Swiss Parliament approves tax reform package

The Swiss Parliament approved the final draft of the Federal Act on Tax Reform and AHV (Old-Age and Survivors Insurance) Financing (TRAF) on September 28, formerly referred to as Tax Proposal 17, after the two parliamentary chambers, National Council and Council of States, had resolved their remaining differences and reached a final agreement a few days earlier. The tax reform's objective is to secure the long-term tax attractiveness of Switzerland as a business location and to restore international acceptance of the Swiss tax system and at the same time securing an appropriate level of tax revenue.

A Global Tax Alert, attached below, provides additional details.

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