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The limited audit is designed for SMEs that do not need to conduct a full audit; it is less thorough and only provides a negatively formulated assurance. Companies are allowed to perform it if they do not exceed certain size criteria, unless they have fewer than 10 full-time positions.

The Chilean platform LanzateSolo.cl, specialized in company formations, utilizes the technology of STARTUPS.CH and is now online. Chile is the first foreign expansion target, with plans for further expansions worldwide.

Flat and lump-sum tax rates simplify tax accounting in Switzerland by eliminating the need to determine input taxes separately. Conditions are an annual turnover below 5.02 million CHF and a tax burden below 109,000 CHF.

The input tax deduction allows entrepreneurs to deduct the VAT paid on purchases from the VAT owed on sales. This reduces the tax burden on the actual added value of the products sold.

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.