Switzerland is implementing an extension of the loss carryforward period following the expiration of the referendum period for the implementing Federal Law. As previously reported, the Swiss Federal Council adopted a dispatch on 27 November 2024 for the draft Federal Law, which 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 pa…