The Zug electorate approved the revision of the Zug tax law on March 7, 2021. The following changes will now enter into force retroactively as of Jan 01, 2021:
- The cantonal tax rate multiplier will be reduced from 82% to 80% for the years 2021 to 2023. This leads to a reduction in the effective income tax burden (cantonal and federal) from 11.91% to 11.85% for companies domiciled in the city of Zug.
- 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.
- 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.