FISCAL SGRAVES FOR INNOVATIVE START-UP IN TICINO

With the approval of the Ticinese Fiscal Reform referendum on 29 April 2018, a series of measures were introduced aimed at relieving the taxation of natural and juridical persons, residing in Switzerland, who are committed to investing in new technologies.

In particular, the following facilities are introduced:

• the amount invested by natural persons in innovative start-ups is taxed separately with a flat rate of 1%, starting from a minimum investment of CHF 50,000;

• the corporate capital tax will amount to 0.01 ‰;

• the exemption from the gift tax applies to the receiving company.

In order to be able to benefit from such reductions, it will be advisable to obtain an attestation from the Administration and Controlling Office of the Department of Finance and Economy, which will be issued only after having demonstrated that it complies with the requirements of the Ticinese Tax Law.

Our staff is happy to be available for clarification.