Taxes
Sustainable taxation policy
Canton Schwyz is keen to offer a tax regime that is both attractive and sustainable in the long term. The canton’s fiscal policies are geared to ensuring this objective. The canton has received the highest credit rating (AAA) from rating agency Standard & Poor’s for several years, and is also highly rated by Credit Suisse.
Taken as a whole, this healthy and stable financial situation translates into Switzerland’s most favourable tax package for corporations and individuals. The canton also ranks highly in international comparisons.
The moderate tax burden is designed to help companies invest more in new innovations and research and development, thus helping them to gain an advantage over their competition.
Taxation of legal entities
Thanks to its careful use of cantonal funds and general managerial prudence, Canton Schwyz is able to offer a favourable and sustainable tax regime. In terms of taxation, the canton is considered nationally and internationally as one of the most attractive locations there is.
Tax calculator
Use our tax calculator and see what your corporate tax bill would be in Canton Schwyz.
Attractive features
Alongside moderate tax rates, the tax system also offers interesting structuring opportunities. Taxes, for instance, are classified as a deductible expense.
Furthermore, legal entities benefit from the ability to credit the minimum tax against the profit tax. The minimum tax is calculated based on the equity of a company and is the minimum payable. If the profit tax is higher than the minimum tax, then only the former is payable. As a result, only the higher of the two amounts becomes payable (either the profit tax or the minimum tax). The profit tax and the minimum tax are calculated proportionally on the basis of individual municipal tax rates. Associations, foundations and other legal entities are subject to special tax exemption limits and deductions.
A further attractive feature of the tax regime is the fact that mobile plant equipment and intangible assets can be immediately written off to one Swiss franc.
Ancillary links
Documents
Fact Sheets
Taxation of individuals
Canton Schwyz has a very attractive tax regime. The tax burden on income and net wealth is low, and Schwyz does not impose inheritance or gift tax. Canton Schwyz also pursues a policy of privileged dividend taxation and proportional net wealth taxation. The canton’s personal tax rates are amongst the most favourable in the world.
Tax calculator
Use our tax calculator to see what your personal tax bill would be in Canton Schwyz.
Privileged dividend taxation
In Canton Schwyz, privileged dividend taxation is applicable to qualified stakes of at least 10 per cent in stock corporations. Subject to certain conditions, profits which are distributed as dividends from shares are subject to only one half of the general cantonal income tax rate.
