Switzerland Introduces Lump-sum Taxation for Foreigner Nationals

The Swiss Federal Tax Authority have given details on another option foreign nationals will have regarding to the payment of taxation in Switzerland. Going forward, foreigners can choose to pay a lump sum of CHF 400,000 (EUR 355,00) as a minimum for the entire business year, as long as the individual:

  • Hasn’t carried out any previous business activities in Switzerland.
  • Has relocated to Switzerland for the first time.
  • Has moved back to Switzerland after living abroad for ten years.