Profit tax

Swiss profit tax applies mainly to corporations, cooperatives and certain other legal entities on their taxable net profit. The tax base generally starts from commercial accounts and is adjusted for tax rules, including non-deductible expenses, hidden profit distributions and loss carryforwards where available. The Confederation, cantons and communes levy profit tax, with cantonal rates and multipliers differing substantially. Companies with foreign or intercantonal activities may require allocation of profits, and double tax treaties can limit taxing rights.