Swiss taxes
Switzerland with a population of 8 people is located almost in the center of Europe in the most picturesque area among the Alps. It is this small state that is considered to be one of the richest in the whole world.
Although the official capital of Switzerland is Bern, other cities in the country are no less popular. For example, Geneva is considered the center of international and diplomatic organizations. Many people associate Switzerland not only with a developed economy and tourism, but also with reliable banks, including foreign ones.
For businessmen, this European state is very attractive for starting a business due to its favorable tax regime. Swiss tax system With its low stakes, it is both enticing and yet so confusing that it requires quite a bit of attention to get through.
The company "E-COMMERCE BROKER" knows everything about Swiss taxes, and is ready to share my knowledge with you. If you are going open a company in Europe, then our specialists will help resolve all organizational issues related to registering a company, obtaining the necessary licenses, opening a bank account and much more.
Comprehensive assistance from E-COMMERCE BROKER specialists
The E-COMMERCE BROKER company will help you understand all the intricacies of Swiss taxation and will take care of all organizational issues, which include:
- company registration in Switzerland;
- opening a bank account;
- accounting services;
- hiring staff.
Switzerland offers great prospects and a huge number of opportunities for developing your commercial area. We will do everything possible to ensure that your business prospers successfully and brings you the desired income!
Switzerland's multi-level tax system
The Swiss tax system is multi-level and is represented by three types of taxes:
- Federal - all residents of the state are taxed; taxes have a fixed rate throughout the country. Federal tax rates are:
- on profit - 8,5%;
- income - 11,5%;
- VAT - 7,6%;
- for dividends - 35%;
- on capital - up to 0,825%.
- Cantonal - designed for residents of a particular canton and the rate is set locally. There are 2021 cantons in 26, each with the following tax deductions:
- for donation and inheritance;
- for corporate profits;
- land;
- income for individuals and so on.
- Municipal - provided for each specific locality and calculated by multiplying the cantonal tax by the coefficient in the municipality.
On average, these taxes range from cantonal to 90-140%. There are 2021 registered municipalities in 2, with the following being considered common taxes:
- income;
- consumer.
Otherwise, municipal fees duplicate federal and cantonal taxes. If you add up all taxes, the total rate does not exceed 25%. To correctly calculate the tax burden, a specific canton and municipality should be considered.
In Switzerland the tax period is 12 months. The declaration is completed and submitted to the competent services no later than April 1 of the previous reporting period.
Another unique feature of the Swiss tax system is that there are no strict penalties in the form of fines or arrest for those taxpayers who do not comply with the filing deadlines. The whole issue is resolved with just a simple reminder that it is time to pay taxes.
