The Swiss National Council (lower house of the Federal Assembly) has approved revised legislation for Corporate Tax Reform III. This follows revisions made in December 2015 by the Council of States (upper house) to the initial version submitted by the Federal Council in June 2015 ({News-2015-06-09/P/2- previous coverage}). The main measures and revisions in this latest version of the legislation are summarized as follows.
Patent Box
The revised legislation maintains the broad patent box re…