October 2014

On 22 September 2014, the Swiss Federal Council launched the consultation process for the Swiss Corporate Tax Reform III (“CTR III”) and released a draft proposal regarding the revision of the Swiss corporate tax system. Interested parties and in particular the Swiss cantons have until 31 January 2015 to comment the consultation draft. If accepted, the proposed changes to various Swiss tax laws are expected to enter into force between 2018 and 2020. This draft proposal is, however, likely to be heavily disputed so that the legislation that will ultimately enter into force may be substantially different from the draft proposal.