Switzerland has one of the most
comprehensive tax systems worldwide
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According to PricewaterhouseCoopers and the World Bank’s recently published study "Paying Taxes –
The Global Picture," the Swiss tax system is one of simplest in the world.
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Switzerland ranks no. 7 worldwide and no. 2 in Europe, after Ireland. Swiss companies need on average only
68 hours per year to adhere to tax requirements, in comparison to the worldwide average of 332 hours per year.
Switzerland's tax rate on corporate profit
is 24.9%, ranking 10th worldwide, after the Maldives, Vanuatu,
Saudi Arabia, the United Arab Emirates, Oman, Samoa, Zambia, Cambodia and Mauritius.
Complying with administrative tax requirements is a constant burden for companies in most countries. On
average in the 175 economies studied, businesses submit 35 pages of annual tax returns in order to comply
with regulations. But there is significant variation between countries – in Cameroon, the average annual
tax return for businesses is 172 pages, while in Austria it is 17. Worldwide, it takes on average 332 hours
per year for businesses to comply with all tax requirements. But this time ranges from 2,600 hours in Brazil
to just 68 in Switzerland.
"Tax systems have a significant economic impact on the multinational company's decision where to invest.
In Switzerland tax regulations are very effective, which is a big advantage. This favors companies, who can
easily adhere to the regulations, but also helps the country to raise enough tax revenue", comments Armin
Marti, partner and head of Corporate Tax of PricewaterhouseCoopers, Zürich.
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Text – Greater
Zurich Area
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