Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Switzerland Seeks Comments on Temporary Regulation on Global Minimum Tax for Multinational Enterprises

March 16, 2022, 5:00 AM

The Swiss Federal Council March 11 opened a consultation on the temporary regulation to ensure the implementation of the OECD/G20 project on taxation of the digital economy. Topics covered include: 1) a 15 percent tax on international companies with annual global revenue of over 750 million euros (US$822 million); 2) the collection of additional taxes by the cantons; and 3) the application of general rules of national fiscal equalization on the additional tax revenue. The temporary regulation is expected to take effect Jan. 1, 2024. Comments are due April 20. [Switzerland, Government Portal, 03/11/22]

Reference:
View Announcement. View Index ...