News Taxes

Results of the public votes on Sunday, 30 November 2025

The canton of Zug has voted in favour of the 9th partial revision of the tax law (‘Added value for all’). For the years 2026 to 2029, the cantonal tax rate multiplier will be reduced from 82% to 78%. In addition, there will be an increase in the insurance deduction and a restructuring and increase in the deduction for pensioners.

The law on location development was also approved by the people and will thus come into force on 1 January 2026. The law essentially regulates the distribution of the additional tax revenue expected from the OECD minimum tax.

For more information on the two cantonal referendums, please refer to our publication from September 2025.

At the national level, the Swiss people rejected the initiative ‘For a social climate policy – financed in a fiscally fair manner’ (see ‘Inheritance Tax Initiative’). A 50% tax on estates and gifts over CHF 50 million is therefore off the table. For further information, please refer to our latest publication on this matter from July 2025.

If you have any questions about what this could mean for your personal situation, please contact us for individual advice or further information: Remo Merz, certified tax expert, remo.merz@fineac.ch.

WHAT we do is not unique, but HOW we do it!

Remo Merz, 2nd December 2025