Big Swiss Companies To Pay Minimum 15% Tax Rate From 2024 Under OECD Deal




ZURICH (Reuters) -Switzerland will implement from 2024 the minimum tax rate for large multinational companies agreed last year by the OECD and G20 member states, the finance ministry said on Thursday.

A temporary ordinance will ensure the minimum tax rate of 15% for companies with turnover of more than 750 million euros ($860 million) comes into force on Jan. 1, 2024, Finance Minister Ueli Maurer said, adding a law would subsequently be enacted to amend the constitution.

He said around 200 Swiss companies and around 2,000 Swiss subsidiaries of foreign groups would be affected by the move, which he said provided legal certainty and ensured tax revenue remained in Switzerland.

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