CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Switzerland Welcomes High Tax Receipts

Switzerland Welcomes High Tax Receipts

by Ulrika Lomas, Tax-News.com, Brussels

29 April 2019


High withholding and direct federal tax receipts will help the Swiss Confederation to surplus, the Federal Department of Finance has announced.

The FDF has published a brief report on public finance trends for the period 2017-2019.

The FDF said that there was a significant year-on-year increase in ordinary receipts in 2017, due mainly to higher withholding tax receipts. The Confederation's tax revenue rose by 8.2 percent. Ordinary receipts posted another year-on-year increase in 2018, attributed principally to higher direct federal tax receipts. The FDF said that withholding tax receipts remained at a similarly high level as in 2017.

The FDF said that were withholding tax revenue to return to normal levels, the Government's tax take "could lose considerable momentum" in 2018 and 2019.

TAGS: tax | withholding tax | Switzerland | revenue statistics

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »