Taxes
Sustainable tax policy
Canton Schwyz strives to maintain an attractive tax environment over the long term, and its financial policy is geared towards this objective. The canton is debt-free and has a strong equity position.
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.
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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.
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