Our blog

The Federal Court confirmed the cumulative deductibility of public transportation costs and bicycle flat rate for the commute, regardless of alternative transportation options. The Professional Expenses Ordinance allows a maximum travel cost deduction of 3000 francs and does not establish a ranking order between bicycle, bus, and walking.

Tax disputes between cantons often arise because it is unclear where a person's tax residence is located. The tax domicile is determined by the center of life and the intention of permanent residence.

The tax liability for items such as flatscreens or silver cutlery varies by canton in Switzerland and depends on whether they are considered tax-free household goods or taxable assets. In the category of capital investments, items must be declared in the tax return, otherwise back taxes and penalties may be imposed.

CANDIS received 12 million euros in a financing round to become a leader in automated financial processes in Europe. The goal is to further automate accounting through machine learning.

Since 2019, specific banking law rules have applied in Switzerland for FinTech companies, which must comply with strict regulations despite lesser regulation. For example, FinTechs must practice appropriate risk management and ensure financial compliance.

Tax Compliance helps companies comply with tax regulations and avoid tax evasion. It includes organizational measures and intelligent tax planning to minimize the financial burden.

Whistleblowing is gaining importance in Switzerland, where whistleblowers are protected when they credibly report grievances. However, Switzerland lacks a mandatory regulation for companies to establish whistleblower systems.

Board members are liable for damages caused by breaches of duty, but can reduce liability through delegation, discharge, and the Business Judgment Rule. They should also obtain the consent of the injured parties for risky decisions.

The patent box in Switzerland promotes research and development through tax advantages; since 2020, companies can significantly reduce taxes on profits from patents. Differences in tax reductions of up to 90% vary depending on the canton.