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Tax exemptions
Taxation in Switzerland is both lower and less complicated
than in most economically comparable countries. The
VAT rate of 7.6% is one of Europe’s lowest. The
total direct and indirect tax burden across federal,
cantonal, and local levels represents about a third
of the GDP, which is well below the European average.
The tax rate on individuals is one of the lowest of
all the developed nations, and business taxes are distinctly
lower than in the countries of the European Union
Tax exemptions for new or expanding businesses
Most new business in the COREB area can benefit from
exemptions where taxes are the highest--at the cantonal
and local levels. These exemptions can extend for ten
years and apply to all profits
An established business that extends or restructures
its activities can benefit from many of the same tax
exemptions as a new business. The extent and duration
of the tax exemption will depend on such specifics as:
- the type of new investment
- the location of the extended or restructured business;
the number of jobs created
- the diversification and synergy that the business
will bring to the regional economy
- the degree of existing competition inside and
outside of the canton
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