Income Wealth USD 1 = CHF 0.83065179 CHF 0.792250 EUR 1 = CHF 0.9370347 CHF 0.930500 GBP 1 = CHF 1.12509806 CHF 1.065681 Official foreign exchange rates as of 31 December 2025 are available here. In this list are also included rates to apply for the main cryptocurrencies (these are found with the […]
For 2024 tax returns the official FTA exchange rates are: Income Wealth USD 1 = CHF 0.88013929 CHF 0.906250 EUR 1 = CHF 0.95238254 CHF 0.938450 GBP 1 = CHF 1.12509806 CHF 1.135038 Official foreign exchange rates as of 31 December 2024 are available here. In this list are also included rates to […]
EU (& EEA) & Swiss employees of Geneva entities who live in France can, since 1 July 2023, spend up to 40% of their work time from home (the framework agreement can be reviewed here). If they exceed this limit there will be a need to register for not only French social security contributions for […]
For 2023 tax returns the official FTA exchange rates are: Income Wealth USD 1 = CHF 0.89880159 CHF 0.841624 EUR 1 = CHF 0.97165064 CHF 0.929700 GBP 1 = CHF 1.11706498 CHF 1.072875 Official foreign exchange rates as of 31 December 2023 are available here. In this list are also included rates to […]
In order to help finance the Swiss retirement system VAT rates are increasing from 1 January 2024. From a Swiss accounting perspective this entails certain points that need to be considered for entities that charge Swiss VAT. It will be important to consider whether the old or the new rate will need to be charged […]
In general, any Swiss entity that sells VAT-able goods or services for at least CHF 100,000 per annum is subject to VAT. When starting a business it is important to try to establish if the turnover for the first year is likely to be above that figure. Furthermore, if the turnover for the first three […]
An unusual aspect of Swiss Company accounting is the requirement to constitute a General Reserve (or Legal Reserve) from prior year profits. The Legal Reserve is different from other provisions and reserves in that it is a legal requirement to build up reserves in a company following a period of profitable trading. The General Reserve […]
For 2022 tax returns the official FTA exchange rates are: Income Wealth USD 1 = CHF 0.95497047 CHF 0.925228 EUR 1 = CHF 1.00481626 CHF 0.987450 GBP 1 = CHF 1.1791102 CHF 1.112933 Official foreign exchange rates as of 31 December 2022 are available here. In this list are also included rates to […]
Depending on certain criteria Swiss companies are required to appoint an an accredited Swiss auditor. Criteria to Avoid an AuditCompanies which employ on average fewer than 10 full time employees during the year can forego the audit of their accounts if the shareholders (or associates) agree to this (art. 727a Swiss Code of Obligations). Criteria […]
Personal taxes for Foreigners in Switzerland are quite complicated and depend on how long the taxable person has resided in Switzerland for (whether they then have a “B”, “L” or “C” permit), which Canton they are working and residing in, or if they live in a neighbouring country and work in Switzerland every working day, […]