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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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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Local representation for Swiss VAT for foreign companies

Since 1 January 2018 all companies that provide goods or services to Switzerland and which have a worldwide turnover of at least CHF 100,000 (about US$ 100,000) are required registered for Swiss VAT. These companies need to register with the Swiss Federal Tax authorities as soon as they begin their activities in Switzerland. In order […]

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