Confederation arranges for implementation of OECD minimum tax rate in Switzerland
Confederation arranges for implementation of OECD minimum tax rate in
Switzerland
The Federal Council
Bern, 23. 06. 2022 - In
order to implement the OECD/G20 project on taxing the digital economy,
the Federal Council is proposing a supplementary tax. Based on the
results of the consultation, the Confederation should receive 25% of
the receipts from the supplementary tax and use the funds for the
benefit of Switzerland as a business location. The remaining 75% will
go to the cantons and communes.
The supplementary tax is
limited to large corporate groups with worldwide turnover of at least
EUR 750 million that are below the minimum taxation of 15%. As a
federal tax, it achieves the necessary international acceptance.
Implementation by the cantons takes account of tax federalism.
The Confederation is to receive 25% of the receipts from the
supplementary tax. These additional funds will be earmarked to cover
the additional national fiscal equalization (NFE) expenditure and to
promote the attractiveness of Switzerland as a business location. The
proposal is thus budget-neutral for the Confederation.
The
cantons will receive 75% of the receipts. The cantons actually
affected by the minimum tax rate will thus receive the funds to
safeguard their appeal as a business location. They can decide for
themselves how the funds are to be used, but the communes must be
appropriately taken into account. Tight schedule
The Federal
Council has decided to proceed in stages in view of the time pressure.
A new constitutional standard will empower the Confederation to
implement the OECD/G20 project. In a second step, the Federal Council
will regulate minimum taxation by means of a temporary ordinance.
Afterwards, a federal law will replace the ordinance.
Address
for enquiries
FDF Communications Tel. +41 58 462 60 33,
[email protected] admin. ch
Publisher
The Federal
Council
https://www. admin. ch/gov/en/start. html
State
Secretariat for International Financial Matters
http://www.
sif. admin. ch
The Federal Tax
Administration
https://www. estv. admin. ch