Investis expects lower tax expense
The listed Investis Holding expects a positive special effect of CHF 11 million in the area of deferred taxes for the 2017 financial year.
This is due to the implementation of the corporate tax reform III in the canton of Vaud. Investis expects a significantly lower tax expense for the current fiscal year due to the additional reversal of deferred taxes to the extent mentioned.
This special effect results from the announcement by the canton of Vaud on November 1 that it will implement the corporate tax reform at cantonal level at the beginning of 2019. The reform was already approved by the Vaudois electorate in 2016 and sets the new corporate tax rate at 13.79 percent (2018: 20.95 percent) as of January 1, 2019.
Investis has an existing portfolio of properties worth around 300 million in the canton of Vaud, representing just under 30 percent of the total portfolio, according to the company.
