At its meeting on November 13, 2019, the Federal Council approved three ordinances to the Federal Act on Tax Reform and AHV Financing (TRAF). These amendments relating to the tax section will enter into force on January 1, 2020.
The tax section relates to the Ordinance on the Reduced Taxation of Profits from Patents and Similar Rights (Patent Box Ordinance), the Ordinance on the Tax Deduction on Self-Financing of Legal Entities and the amendment to the Ordinance on Flat-Rate Tax Credits (new: Ordinance on the Crediting of Foreign Withholding Taxes).
The press release is available here.
