Switzerland

Corporate - Significant developments

Last reviewed - 23 February 2022

COVID-19

The Swiss Federal Tax Administration had announced that no interest on late payments will be levied for all tax invoices in relation to federal tax that were due between 1 March 2020 and 31 December 2020.

In addition, the Swiss Federal Tax Administration recommended benevolent treatments of requests for postponement or even waivers of tax payments due in case such payments would be very harmful to the taxpayers. At the cantonal level, the Cantonal Tax Authorities announced similar cantonal relief measures, which vary from canton to canton. Furthermore, certain cantons may offer the possibility to book a COVID-19 provision in the statutory financial statements. No further measures have been introduced for the years 2021 and 2022.