Taxation in Nidwalden
The canton has made numerous revisions to its tax rules in recent years, resulting in structural, content-related and material changes. Individuals and legal entities alike have benefited from the steps taken to lessen the tax burden. The canton is continuing to pursue the same policies.
A further part-revision of the canton's fiscal regulations was implemented 1st January 2011 with the aim of keeping Nidwalden in the top three of Switzerland's most tax-favoured cantons. The principal measures included in this part-revision include: - Cutting the maximum tax rate from 3% to 2.75%
- Introducing a child allowance of CHF 3,000 for parents who care for their pre-school children at home
- Cutting the fixed corporation tax for legal entities to 6%
- Cutting the fixed capital tax for legal entities to 0.01% (0.1‰)
- Abolishing inheritance tax and gift tax for successors inheriting a company
- Cutting the fixed corporation tax for foundations/trusts and associations to 1%
- Abolishing inheritance tax and gift tax for natural parents, step-parents and foster parents
- Abolishing the Dumont ruling (1 Jan 2010)
- Balancing fiscal drag/bracket creep (kalte Progression)
More information on tax in general and details of the new part-revisions may be found by visiting the cantonal tax office.
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