New Technical Collaboration Announcement

ARTELABS, the Swiss-based provider of secure internet services and DIGI.SWISS SA, a technology-driven accounting and tax services company, announce a collaboration to offer companies a range of predominantly cloud-based Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) systems. The two parties bring together their respective expertise in deploying secure hosting environments, based in Switzerland, […]

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Employee shareholder participation in Swiss companies

Employee shareholdings (as well as stock options) is a well-known and attractive way of motivating and compensating employees, and of aligning their interests with those of other shareholders. This system has traditionally not been as widely used in Switzerland as in other countries, and a large reason for this has been some taxation traps. This […]

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What to Include in a Proper VAT Invoice

Most businesses in Switzerland, and Europe, are subject to some form of Value Added Tax (VAT). If the issuer of the invoice is based in Switzerland then the invoice needs to contain, at a minimum: The VAT number and the name & address of the provider of the good or service A true description of […]

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CFO 3.0: Digital Transformation & Financial Management

CFO 1.0: The traditional role of the CFO has been in keeping accounting records up-to-date and on reporting what has happened. The CFO’s main responsibility was in delivering timely and accurate accounts. The Mindset is Operational and the Technology focuses on Reporting. CFO 2.0: With the advent of large amounts of data to process it […]

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Lump-sum taxation

Switzerland has an unusual tax arrangement which foreigners can take advantage of. The lump-sum taxation system is available in certain Cantons and allows private individuals to pay a fixed amount of tax every year based on certain criteria that are supposed to reflect how much the taxpayer is expected to spend rather than how much […]

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Official Exchange Rates for Swiss Tax Returns

For 2019 tax returns the official FTA exchange rates are:       Income Fortune USD 1   =   CHF 0.99365558 CHF 0.968374 EUR 1   =   CHF 1.11247283 CHF 1.087 GBP 1   =   CHF 1.26829753 CHF 1.282822 Foreign exchange rates are available here. Average monthly exchange rates are available herei. Daily exchange rates supplied by the […]

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