Following other cantons (see also our previous tax update of 20 March 2020 on tax relief measures in the canton of Zurich and on federal level), the canton of Zug on 24 March 2020 has also announced certain tax measures to help absorb some of the economic hardship that the crisis imposes on individuals and businesses.

In the following, we summarize these announced measures.

Zug cantona…

Background

The economic growth over the last years allowed most Swiss companies to generate considerable profits in 2019 still. Accordingly, companies had to expect high income taxes for that year. In many cantons, 2019 was also the last year in which the higher pre-tax reform income tax rates applied. With the corona crisis, many companies now face losses that put their existence at risk….