Tax Partner AG, Taxand Switzerland, summarises and assesses the dispatch of the Swiss Federal Council on its Tax Proposal 2017 (TP17).
The Council of States, as the first of the two chambers of Parliament, debated TP17 on 7 June 2018, and endorsed the proposals of its Economic Affairs and Taxation Committee (EATC). This resulted in the following key changes to the dispatch of the Federal Council:
The aforementioned changes made by the Council of States are not final. In a next step, the National Council, as the second chamber of Parliament, will deliberate TP17 in the upcoming fall session. If all goes to plan, TP17 could clear the parliamentary hurdle in the fall 2018 session. If no referendum is called, the first measures could be implemented as soon as 1 January 2019; the bulk of the reform could enter into force as of 1 January 2020.