10.11 Taxes and tax rate
Amounts in 1,000 Swiss francs | 2025 | 2024 | Change | |||
Current income taxes | 35,127 | 30,860 | 4,268 | |||
Current capital taxes1) | 3,364 | 6,852 | – 3,488 | |||
Total current taxes | 38,491 | 37,711 | 780 | |||
Deferred taxes | 0 | 0 | 0 | |||
Total expenses for taxes | 38,491 | 37,711 | 780 | |||
Provisions for deferred taxes | 0 | 0 | 0 | |||
Weighted average tax rate (based on operating profit) | 11.5 % | 11.9 % | – 0.3 % |
1)Due to the reduction of the ordinary capital tax rate in the Canton of Lucerne from 0.5 per mille to 0.25 per mille starting from tax year 2025, the respective tax expense decreased accordingly.
Deferred tax assets and liabilities are netted for each taxable entity. The predominant deferred tax assets of a tax entity are only capitalised if their realisation can be foreseen. However, predominantly deferred tax liabilities are always reported.