Juni Einzelunternehmen, so ist deren Umsatz zusammenzurechnen. Für alle anderen Einzelunternehmen ist der Eintrag freiwillig (HRegV 36). HRegV. Commercial register regulation of 17 October Hrsg. Administrative practice of tax authorities (Verwaltungspraxis der Bundesbehörden). VStG. (). companies limited by shares is available at .ch/ch/d/sr/chtml (art. 78 HRegV [Commercial Register Ordinance]).

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A constitution ofsubsequently modified inreplaced the confederation with a centralized federal government. The largely ceremonial President and Vice President of the Confederation are elected by the Federal Assembly from among the members of the Federal Council for one-year terms that run concurrently.

Foreign-source income is taxed net of foreign taxes; no credit is granted for foreign tax paid. In Switzerland withholding tax is mainly levied on dividends. Losses may not be carried back.

The way the foundation is organized can be set down in more or less detail, depending on the needs of foundation. An assessment of gift tax on the entire trust funds can violate the principle of economic capacity, in particular, if the beneficiary is only entitled to a certain amount of the trust income. Upon registration with the Federal Tax Administration, the taxpayer currently receives a VAT number which is essentially based on the company identification number.


Since income and capital taxes are deductible in determining taxable income, the effective tax rate is 7. Total area of the country is 41, sq. If the trustee or the beneficiaries qualify as a person abroad, in principle the transfer is subject to authorization.

It is a common practice that a Foundation Council consists of at least three natural persons or legal entities. VAT returns must be filed quarterly and the relevant VAT amount remitted to the federal tax authorities. Capital gains are included in taxable profits and subject to normal corporate income tax. They are not subject to a regulatory authority, under reservation of hregf law.


In other words, if the closing date of a company is on December 31, the fiscal year runs nregv January 1 to December 31; hreegv the other hand, if the closing date is on March 31, the fiscal year runs from April 1 to March The rules require that each asset class is underpinned by a certain amount of equity.

Furthermore, the company can count on the experience of its strong network of advisors who are specialised in national and international legal and tax consulting.

Hreegv companies are not obliged to prepare and file Annual Return. The family foundation adjin different from the common foundation in that, according to the intention of the founder, the circle of beneficiaries is limited to members of a single, specific family.

Exports of goods and services are, in principle, zero-rated. Cantonal tax rates are as follows: Other cantons do not follow the inheritance road but focus on whether the beneficiaries have substantial influence over the trust assets. In succeeding years, other localities joined the original three. Generally, the tax liability arises on special legal transactions such as the issuance of shares or the trading of securities securities transfer stamp tax. The auditing obligation depends on the size of the limited liability company GmbH.

Switzerland does not have separate transfer pricing legislation and does not plan to enact such legislation in the near future.

The federal tax rate of 8. In Switzerland no duty exists for professional trustees to register with a supervisory authority. According to legal doctrine and jurisprudence, two conditions have to be met: In contrast to the Swiss federal tax law, all cantonal tax laws provide special tax regimes, which may be obtained provided that the conditions according to the tax harmonization law are met.

In SATC published a so-called “White Paper” with various proposals on the regulation of trustees in Switzerland, namely the requirement to obtain a license to carry out trustee activities in Switzerland. There is no Swiss substantial law on trusts and no such thing as a Swiss domestic trust.


Switzerland | Offshore zones | Offshore and International Law | GSL

Total assets of CHF 10 million Annual sales of CHF 20 million An average headcount over hrrgv year of 50 employees or more If these conditions are not met, then the annual financial statements are only subject to a limited audit questioning of management, appropriate detailed checks, analytical audit procedures, etc. Resident individuals are taxed on their worldwide income except for profits from foreign businesses, foreign branches and foreign immovable property, which are tax- exempt.

The trustee is regarded as the formal owner but not the beneficial owner of the trust assets. Distributed capital gains qualify as income. Capital tax levied on capital at a rate between 0. Switzerland remains active in many UN and international organizations but retains a strong commitment to neutrality.

List of abbreviations –

Since a board of directors is not required, there are no requirements to the meetings of board of directors. Depending of the purpose of a foundation, it can be distinguished between the common foundation and 3 legal special forms, namely the family foundation, the ecclesiastic foundation and the personnel welfare foundation.

We also offer the following services for international jurisdictions: Either there is a foundation that conducts a commercial, manufacturing or other business in the pursuit of an economic or admiin purpose, and which is therefore directly the responsible body of the enterprise itself. There is no government fee for companies in Switzerland.