(September 12, 2014)

During its meeting of September 12, 2014 the Swiss Federal Council adopted a report on the tax treatment of fines ("Tax deductibility of fines and financial administrative sanctions" (the report is in German)). According to the Swiss Authorities fines are punitive in nature and cannot be deducted from taxes. The same applies for financial administrative sanctions that are punitive in nature. However, profit disgorgement sanctions, which require repayment of taxable profits obtained by illegal acts, can be deducted.

For further information click here to be forwarded to a press release released by the Swiss Federal Department of Finance FDF in this respect, which will open in a new window. Attached to this press release you will find a link to the report.

 

 

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