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Switzerland wants to increase taxation of individual capital income

13 Sep
Switzerland wants to increase taxation of individual capital income CYWORLD WEALTH Advocate Cyprus

Switzerland wants to increase taxation of individual capital income

Switzerland wants to increase taxation of individual capital income

On September 26, 2021, the Swiss electorate will vote on a proposal that will increase the taxation of capital income for individuals. The proposal essentially stipulates that tax on capital gains in excess of a certain amount will be calculated on 1.5 times the amount of capital gains. If approved during a scheduled vote, the amount above which the increased taxation will apply will be set by parliament.

The above is for informative purposes only.  Further professional advice should be sought for each particular case. Our firm does not accept any responsibility for any loss or damage occurring by acting on the basis of this information.

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