Temporal assessment of direct federal tax on legal entities

The temporal assessment of the direct federal tax is based on the annual assessment with current valuation. The fiscal year is decisive for the tax period.

Temporal Assessment of the Direct Federal Tax

The tax period for legal entities corresponds to the fiscal year for which the financial statements have been prepared, regardless of the calendar year. The calculation method used is the annual assessment with current valuation. A financial statement must be prepared each calendar year. It must include both a balance sheet and an income statement. There is an exception for the first fiscal year which covers less than 12 months.

Financial statements must also be submitted if tax liability ceases due to personal or economic affiliation. If the economic activity continues, but a business operation or a permanent establishment is relocated abroad, an interim financial statement suffices.

Legal entities are assessed anew each calendar year. An exception exists for the first fiscal year, for which no financial statement needs to be prepared. The canton in which the legal entity is located at the end of the tax period is responsible for the assessment.

The tax on net income is assessed based on the net income earned during the tax period. The tax on equity is assessed based on the status at the end of the tax period.

   
• Further information
   
• Calculate offer for fiduciary