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Changes in tax legislation effective as of 1 January 2011

|Approved Changes|Switzerland
Switzerland


Corporate tax reform II

The following measures of the CTR II entered into force on 1 January 2011:

Relaxed participation exemption. The threshold for participations qualifying for the participation exemption is reduced to 10% or a market value of CHF 1 million (from 20% or CHF 2 million, respectively).