Tax Alert Switzerland - Public Vote decides against Abolition of Issuance Stamp Tax

In a public vote February 13, 2022 a change of current stamp tax law was disapproved with the result that the 1% stamp tax as levied on the issuance of equity of Swiss corporate entities stays in place. Other stamp duties were not being voted on, such as the securities transfer tax, a transaction tax on the sale or purchase of certain securities, as well as the insurance stamp tax, both of which will remain in existence as well.