Swiss residents taxed on a lump sum: France hardens its tone

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A number of foreign residents living in Switzerland benefit from an advantageous tax regime called régime du forfait, an attractive alternative to the tax based on the real income of the taxpayer. This tax regime is applicable to taxpayers of foreign nationality who take up residence in Switzerland for the first time. It is conditional on the absence of business being carried out in Switzerland. The taxpayers’ income is determined on a lump sum basis calculated on annual costs relative to their lifestyle during the taxation period.

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