Switzerland Implementing Extension of Loss Carryforward Period

Switzerland is implementing an extension of the loss carryforward period following the expiration of the referendum period for the implementing Federal Law. As previously reported, the Swiss Federal Council adopted a dispatch on 27 November 2024 for the draft Federal Law, which extends the loss carryforward period from 7 years to 10 years for losses incurred from the 2020 tax period. This was originally meant to facilitate the resumption of activities of companies affected by the COVID-19 pa…