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14.2. Type of Assessment

Switzerland has a semi self-assessment system for corporate income and capital tax purposes: the companies file their tax return for Federal income and cantonal and municipal corporate income and capital tax on an annual basis (there is one tax return for both – the Federal and cantonal and municipal taxes). The cantonal tax authorities then verify if the tax return is correct and will then make a final tax assessment. The tax authorities usually send also provisional tax assessments to the taxpayers for the current year that are usually based on the taxable income and capital of the previous year(s).