swiss tax law

Swiss law: carrying forward financial losses

Carrying forward financial losses


According to current Swiss fiscal corporate regulations (compared with France and Luxembourg fiscal regulations), the carrying forward of financial losses is limited to 7 years as only the losses of 7 preceding financial years can be deducted from the taxable revenue for a period, provided of course that these losses have not already been taxed.
The Swiss tax law for carrying forward financial losses is restrictive because:
  • Carrying forward financial losses has a time limit whereas there is no time limit in other countries (like Luxembourg).
  • Only the loss carry forward is authorized, loss carry back for income from a previous year is not authorized, unlike other countries (like in France).