Swiss Federal Council Implements Extension of Loss Carryforward Period

The Swiss Federal Council has announced its decision to bring the Federal Law on the extension of the loss carryforward period into force on 1 January 2028. As previously reported, the Federal Law extends the loss carryforward period from 7 years to 10 years for losses incurred from the 2020 tax period. This was originally meant to facilitate the resumption of activities of companies affected by the COVID-19 pandemic, although it applies for all companies at both the federal and cantonal ta…