Swiss Enterprise [Internal Revenue] Law and Legal Definition

Pursuant to 26 CFR 509.104 (7) [Title 26 Internal Revenue; Chapter I Internal Revenue Service, Department of the Treasury; Subchapter G Regulations under Tax Conventions; Part 509 Switzerland; Subpart General Income Tax], the term Swiss Enterprise means “an enterprise carried on in Switzerland by a nonresident alien individual who is a resident of Switzerland, or by a Swiss corporation or other entity. Thus, an enterprise carried on wholly outside Switzerland by a Swiss corporation is not a Swiss enterprise within the meaning of the convention.”