Official Exchange Rates for Swiss Tax Returns

For 2020 tax returns the official FTA exchange rates are:       Income Wealth USD 1   =   CHF 0.93808189 CHF 0.883944 EUR 1   =   CHF 1.07045366 CHF 1.081550 GBP 1   =   CHF 1.20387835 CHF 1.208300 Official foreign exchange rates as of 31 December 2020 are available here. In this list are also included rates […]

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Company car allowance in Switzerland

If you run a business in Switzerland it may be advantageous for you to consider buying a car on behalf of the company. The car can then also be used for personal purposes. The private use of the vehicle is then counted as a taxable benefit to the user. Car allowance benefits are calculated at […]

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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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