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Individuals subject to withholding tax must file a tax return if their income or assets exceed certain limits. Voluntary submission can lead to a reduction in the tax burden.

The digital storage of accounting records is permissible under Swiss law, provided that certain principles are observed to ensure integrity and availability. A qualified electronic signature is required for the business and audit report.

Sole proprietorships tax their profits personally, as they are not considered separate legal entities. Business expenses and losses can be deducted for tax purposes to reduce taxable income.

The capital contribution principle, introduced on January 1, 2011, allows the tax-free distribution of capital contributions to shareholders. It replaces the nominal value principle, which only allowed the repayment of the nominal value to be tax-free.

Economic changes often require an adjustment of the corporate structure, which can be achieved through mergers, divisions, transformations, or asset transfers. The Merger Act regulates these restructurings in Switzerland.

Anyone who does not file their tax return in Switzerland even after a reminder must expect a discretionary assessment. This estimates the taxable income based on empirical figures or standard of living.

Swiss tax laws allow deductions such as production costs, general deductions, and social deductions to reduce income tax. Each category targets specific expenses or personal situations of the taxpayer.

All one-time and recurring income is taxable in Switzerland, difficult to delineate due to abstract legal definitions. However, there are defined categories of taxable and tax-free income to provide guidance.

In Switzerland, income tax is based on personal or economic affiliation. It begins with establishing residency or economic activity and ends with departure or death.