Investis expects much lower income taxes for financial 2017 because of a further CHF 11 million reversal of deferred tax liabilities. This non-recurring effect results from yesterday’s announcement by Canton Vaud that corporate tax reform would be implemented on the cantonal level at the beginning of 2019. This reform, which was approved by Vaud’s voters in 2016, sets the new corporate tax rate at 13.79% as from 1.1.2019.

Investis has properties in Canton Vaud worth around CHF 300 million, which accounts for just under 30% of its total property portfolio. 

Operational targets for the 2017 financial year remain unchanged. Investis Holding SA will publish its annual financial statements on 21 March 2018.