Reichlin Hess Attorneys at Law, Tax Advisors, Notaries, Zug, Switzerland

Fiscal measures of the Canton of Zug in connection with the Coronavirus

Due to the Coronavirus situation the tax authorities of the Canton of Zug have taken various measures to support the taxpayers. For individuals, the deadlines to submit the tax return or the application for a tax rate correction (for taxpayers taxed at source) have been postponed to June 30, 2020. The deadlines for individuals and companies to pay taxes have also been postponed to June 30, 2020. On taxes which have or will become due between March 1 and December 31, 2020, the tax authorities will not charge interest on arrears during this period. These measures apply with respect to the cantonal and communal taxes as well as to the direct federal taxes. Furthermore, the tax authorities will not send any tax assessments or tax invoices to taxpayers until the end of April 2020.

The government of the Canton of Zug also plans to reduce the cantonal tax multiplier from 82% to 78% in the years 2021 to 2023. Both, individuals and companies, will benefit from such a reduction. However, the planned tax reduction remains to be approved by the cantonal parliament.