Menu

Annual Report 2022
Annual Report 2022
Open report

Downloads

Leave

Income taxes

In CHF million, except where indicated   Switzer­land   Italy   Other countries   Total
                 
2022 financial year
Income before income taxes   1,779   168   16   1,963
Income tax expense   316   42   2   360
Effective income tax rate   17.8%   25.0%   12.5%   18.3%
                 
Income taxes paid   361   17   –   378
                 
2021 financial year
Income before income taxes   1,827   306   19   2,152
Income tax expense   339   (22)   2   319
Effective income tax rate   18.6%   –7.2%   10.5%   14.8%
                 
Income taxes paid   264   15   –   279

The effective income tax rate is 18.3% (prior year: 14.8%). The 2021 expense was positively influenced by the low rate of tax on income from participations and a capitalisation of deferred tax assets of CHF 57 million in connection with a change in Italian tax laws. Swisscom anticipates a future effective con­sol­i­dated tax rate of 19%. The CHF 99 million increase in income taxes paid to CHF 378 million was attributable to back-payments for previous financial years.