News

While Swiss people refused in February 2017 the last reform project regarding corporate taxation, the new AVS financing and taxation Federal reform project (TRAF) and its related Geneva Cantonal part have been accepted on May 19th 2019 by a new popular vote. This new reform allows Switzerland to comply with the international commitments and to preserve, at both European and worldwide levels, its competitiveness and prosperity.

At its meeting of April 10, 2019, the Federal Council opened the consultation on the enforcement ordinances related to the federal TRAF law.

On January 31, 2019, the Geneva Parliament adopted the four draft bills implementing the TRAF at a cantonal level and modifying among others the cantonal Act on taxation of legal entities.