Taxes

Filling out the tax return is made easier by collecting documents step by step and proving deductions with receipts. Guidance and electronic options effectively support the process.

The accounting of business liabilities directly affects the profit and the taxable income of self-employed individuals. Equity and debt constitute the liabilities side, essential for the financing of assets.

Corporate profit tax rates increase in 2015 in Schwyz and Appenzell Ausserrhoden; otherwise stable. Reversal reflects financial bottlenecks of some cantons.

Costs incurred to earn independent income, such as personnel and rental expenses, are deductible; private expenses are not. Business exceptions such as bribes are clearly defined and are not deductible.

Income tax for self-employed individuals is determined by the allocation of assets to business or private assets, with business assets being relevant for tax purposes. Transfers between types of assets have tax consequences, influenced by their use and utilization.

Income from self-employment arises from the net profit of the business, influenced by ordinary and extraordinary results. Tax calculations are based on commercial accounting, which is, however, adjusted for tax purposes.

The Federal Supreme Court decided that transportation costs for students of a special school qualify as subsidies and are not subject to value-added tax. This is based on the right to free education, regardless of place of residence.

Starting January 1, 2015, new balance tax rates for value-added tax will apply, with affected companies also permitted to switch to the balance tax rate method in advance. Changes in the tax rates can be viewed by the companies in a preliminary print of the regulation.

All income from non-independent work, including salary, expenses, cash and benefits in kind, is taxable. Benefits such as employee shares and tips are also taxable.