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).