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New tax year begins; optimal preparation facilitates the tax declaration. Collecting documents and checking deductions can save time and money.

From 2021, new rules apply to withholding tax in Switzerland, with options to switch between this and ordinary taxation. Changes occur through status changes such as citizenship or marriage.

On January 1, 2021, new regulations on withholding tax came into effect in Switzerland, which detail the rights and obligations of employers and employees. Employees are entitled to have withholding taxes shown on their payroll statements, while employers are obliged to remit and report these taxes correctly.

The new Swiss source taxation law comes into effect on January 1, 2021, and regulates income taxes for domestic and foreign workers. Details and regulations are recorded in Circular No. 45.

Errors in the financial statements, such as poor preparation and inaccurate COVID-19 provisions, can have serious consequences. Careful preparation avoids liability risks and leads to tax benefits.

As of January 1, 2021, new withholding tax regulations apply in Switzerland to strengthen legal certainty and address technological developments. Details are documented in Circular No. 45 of the ESTV.

Pay into the 3rd pillar or pension fund to reduce your taxable income. Costs for job-related further education up to CHF 12,000 are also deductible.

The IASB proposes changes to IFRS 16 to clarify the assessment of assets and lease liabilities in sale-and-lease-back transactions. Comments on the changes are welcome until March 29, 2021.

Self-employed individuals and owners of stock corporations/limited liability companies who have experienced a decline in sales due to Corona can apply retroactively for Corona compensation. The claim depends on the AHV income from 2019 and applies if there is a decrease in sales of at least 55%.