Income Tax Rates Zug
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This means that the tax laws and tax rates vary widely from canton to canton.
Income tax rates zug. They have the power to charge any tax that the confederation does not claim exclusive rights over. The new tax law measures in the canton of zug include. A core component of the amended tax law is the reduction of the corporate income tax rate at cantonal level which results in a reduction of the overall corporate income tax rate including direct federal tax on pre tax income from 14 35 to 11 91. The cantons are free to decide on their own tax rates.
Tax wise zug belongs to the most attractive cantons in switzerland. Your average tax rate is 13 7 and your marginal tax rate is 22 9. The income tax rates for individuals in switzerland are progressive. When amending the tax law the effective income tax rate combining all levels federal cantonal and municipal decreases to 11 91 the main city up to now 14 35.
Taxes are due for each calendar year. Corporate income tax rates chf capital of canton 100 000 lowest communal rate 100 000 where zug 11 35 11 34. You fill in an annual tax return on which you may claim deductions such as for professional expenses maintenance costs support payments or payments to third pillar pension funds. For instance an increase of chf 100 in your salary will be taxed chf 22 88 hence your net pay will only increase by chf 77 12.
In zug the corporate tax rate is established at 14 6. Tax rates may vary in different communities within the same canton and are subject to changes in future tax years. The tax rates between cantons vary and the only tax for which the same rate is charged throughout the country is the state tax. In neuchâtel the tax on income is applicable at the rate of 15 61.
New taxes in zug. Capital gains or revenues from intellectual property rights as well as investment income such as interest and dividends are primarily taxed at a regular rate. The main tax law changes in the canton of zug can be summarized as follows. A new effective corporate income tax rate of 11 91 previously 14 35 cantonal capital profits from patents and comparable rights to be included in the tax base at only 10 and research and development expenses to be increased by 50 for the calculation of the taxable profit.
The higher the income the higher the applicable tax rate. The following list shows the income tax rates for 2020 tax year in the cantons of zug lucerne zurich and schwyz for individuals with a taxable income of chf 150 000 or chf 500 000 per year. Each municipality is able to determine its own tax rates. Income tax rates for tax year 2019 including federal canto nal and communal income taxes on net profit before taxes.
This marginal tax rate means that your immediate additional income will be taxed at this rate.
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