Taxation is a mine field unless you know your way around the system, logging on to say Swiss Corporation Tax Information the client will only get the basic information, one will have to search various sites to get what you want, it’s the same in any tax jurisdiction. XFS is fully aware and can provide the information, Example here is personal taxation, some web pages will have the tax allowances others not and others not all the allowances. And tax law changes from time to time even
in a tax year. The French system has so many tax rates and allowances it can be frustrating to find what the client is looking for. All time consuming
CORPORATION TAX
Effective Corporation Tax Management. XF Services can structure your corporation taxes in the most efficient manner available, using the Swiss Passive income rules, there are steps to follow. We would recommend a family trust be set up in perpetuity in either Jersey of Guernsey in the Channel Islands, this would protect you and your family from any inheritance taxes without curtailing the ability to add or dispose of an asset and reducing capital gains taxes.
Second step would be to incorporate a Swiss SA company (Swiss overseas company) which would then manage the Gross income under the Swiss Passive income laws, there would be a VAT payment in the region of 4% which can be offset and reclaimed under Swiss VAT rules.
To keep faith with the original authority there would have to be a transfer of the passive income to the tax authority and associate costs, the effect of this would be to reduce Corporation tax liabilities by up to 80% plus.
There would have to be discussions with the tax authorities regarding transfer pricing rates, The Swiss would want to see Corporate Taxation income. The Swiss offshore company would replace the operations of the company in the original authority and staff would have to transfer or Swiss staff employed. We will assist in find office accommodation and staff; we will also assist in finding housing where applicable/ XF Services incorporate companies in other jurisdictions and produce comparable results, this would depend on the client’s instructions