Tax facts

INCOME TAX RATES 2008

9% - 25% depending on location (26 cantons with different tax brackets) and tax status (e.g. administration company, holding company).

VALUE ADDED TAX (VAT)

7.6% on majority of sales of goods/services; 2.4% on specific items; 3.6% on hotel accommodation.

CAPITAL GAINS TAX (CGT)

Generally no CGT, generally no taxation on sale of subsidiaries.

LOSSES

Losses can be carried forward for 7 years; no loss carry back.

TREATY NETWORK

79 countries.

WITHOLDING TAX (non-residents)

Dividends: 35%
Interest: 0% (banks 35%)
Royalties: 0%

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