01 February 2021

Tax information in connection with the Corona virus - Canton Zug

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The canton of Zug proposes an amendment to the tax law to provide tax relief for the Zug population and businesses. The Zug population will decide whether to accept the bill on March 7, 2021.

The Cantonal Council has approved a package of measures to provide tax relief for taxpayers in the Canton of Zug as a result of the Corona crisis. It includes the following measures:

1. the cantonal tax rate multiplier will be reduced from 82% to 80% for the years 2021 to 2023.

2. the personal deductions will be increased for the years 2021 to 2023. Singles can now deduct CHF 11,100 and married couples CHF 22,200.

3. the tenant deduction will be simplified and will now generally amount to 30% of the net rent paid or a maximum of CHF 10,000 for the own accommodation in the canton of Zug.

The measures will become effective retroactively as of January 1, 2021, provided that the Zug citizens approve the bill on March 7, 2021.

MME will keep you informed of any new developments and will be happy to answer any questions you may have.