June 2015

On 5 June 2015, after having set the main lines of the Swiss Corporate Tax Reform III (“CTR III”) on the basis of the results of the consultation process, the Federal Council issued the Dispatch relating to the Federal Act on improvement of tax conditions for strengthening the competitiveness and international acceptance of Switzerland as a business location. The Dispatch is now ready to be presented to Parliament. If accepted by the Parliament, the proposed changes to various Swiss tax laws are expected to enter into force between 2018 and 2020.