10 March 2021

Update - Tax information in connection with the Corona virus - Canton Zug

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The Zug electorate approved the revision of the Zug Tax Act on March 7, 2021. We have briefly summarized the changes for you, which will come into effect retroactively as of Jan 01, 2021.

  • Dr. Samuel Bussmann

    Tax & Legal Partner

  • Christina Stocker

    Senior Tax Advisor

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.
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