Switzerland Revises Federal Tax Holiday Regime for Industrial Investments

On 3 June 2016, the Swiss Federal Council approved revisions to the country's federal tax holiday regime. Under the regime, corporate income tax relief in the form of a tax credits is provided for up to 10 years for qualifying industrial enterprises and production-related service providers based on the number of jobs created or maintained by new investments. The main aspects of the federal tax holiday as revised include:

• In order to qualify, an investment must be made in a new enterprises or…