Switzerland adopts constitutional basis for implementation of OECD minimum taxation
Switzerland adopts constitutional basis for implementation of OECD minimum…
On June 18, 2023, the Swiss electorate adopted in a popular vote an amendment to the Swiss Federal Constitution. This amendment will form the legal basis for the Swiss Federal Council and the Swiss Parliament to proceed with the implementation of the OECD/G20 Pillar I (market jurisdiction taxation) and Pillar II (global minimum taxation) projects.
While the Swiss implementation of Pillar I depends on further international developments, the implementation of Pillar II (minimum taxation) is scheduled for 2024.