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The value-added tax rates in Switzerland will increase from 01.01.2024, making everyday products and services slightly more expensive. Companies must adjust their accounting systems and pay attention to the timing of service provision.

Hidden reserves arise from the undervaluation of assets or the overvaluation of liabilities, thus concealing equity. They reduce the reported profit and can be tax-advantageous.

Employers often offer taxable employee discounts on their products/services. Taxation is based on the laws and amounts to discounts over CHF 2,300.

Solar panels offer not only ecological advantages but also significant tax relief by being deductible as maintenance in many cantons. The investment can also lead to a reduction in tax progression, which is financially attractive especially for households with high income.

In Switzerland, persons subject to withholding tax are usually exempt from filing a tax return, unless they are subsequently subject to ordinary assessment, which becomes necessary when certain income thresholds are exceeded. This assessment allows for tax deductions and must be applied for by March 31.

Leasing is similar to renting and preserves ownership with the leasing company, but can provide tax benefits and conserve liquidity. It is often more expensive than other financing options, however, it offers flexibility and adaptability.

Hourly employees are entitled to 4 weeks of paid vacation by law; companies often offer vacation bonuses (8.33% for 4 weeks) instead of direct continued pay. Vacation bonuses must be listed separately on the payroll statement to be considered as paid.

Cryptocurrencies must be declared as assets in the tax return; gains are tax-free for private individuals, losses are not deductible. Special tax rules apply for business use, including the regulation for mining.

Cryptocurrencies must be declared as assets in the tax return, with false statements potentially leading to consequences. The valuation is carried out using official year-end exchange rates or common marketplaces.