|International Tax Rules||1||100|
Switzerland ranks 5th overall on the 2019 International Tax Competitiveness Index, one place better than in 2018.
- Switzerland has above-average cost recovery provisions for investments in machinery, buildings, and intangibles.
- Switzerland has a broad tax treaty network, with 93 countries.
- The Swiss VAT of 7.7 percent applies to a broad base and has very low compliance costs.
- Switzerland has multiple distortionary property taxes with separate levies on real estate, net wealth, estates, assets, and financial transactions.
- Companies are limited in the amount of net operating losses they can use to offset future profits and are unable to use losses to reduce past taxable income.
- Switzerland has a progressive income tax with a top rate of 41.7 percent, including payroll and personal income taxes.