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Companies in the commercial register must retain business books, receipts, and reports for 10 years. Business books can also be stored electronically; reports must be signed.

As of 01/01/2013, new ESTV interest rates apply to advances/loans in foreign currencies. Non-interest-bearing or poorly interest-bearing monetary benefits are subject to a 35% withholding tax.

The ESTV has set new interest rates for loans/advances in CHF as of 01.01.2013, including minimum rates of 1.50% and maximum rates up to 3.75%. Withholding tax applies to non-interest-bearing or inadequately interest-bearing monetary benefits.

Findea AG has launched a domiciliation service in Lucerne, offering comprehensive services such as company formation consulting and administrative tasks. This service is aimed at foreign clients.

Findea AG opens a new branch in Lucerne, offering comprehensive services such as bookkeeping and legal advice. Contact: Silvie Griss, Tel.: +41 (0) 41 267 09 10.

The dissolving of hidden reserves in the income statement leads to inflated profit. Their formation is legally permissible in Switzerland.

The arbitrary valuation of hidden reserves in Switzerland contradicts the "true and fair view" principle of international standards such as IFRS and US GAAP. Hidden reserves serve to minimize profits for taxes and dividends, but do not change the actual financial situation.

Art. 960e of the Swiss Code of Obligations requires provisions for uncertain liabilities and impending losses; these act as external capital with an indefinite amount or timing. Unlike short-term transitory liabilities, provisions are often medium to long-term and cover risks such as legal disputes or pending transactions.

The balance sheet shows the financial position of a company by comparing assets and liabilities. It is prepared annually and includes current and fixed assets and various types of capital.