Losses after the foundation – possibility of adjustment against future profits (GmbH or corporation (AG))

Losses of the first business years of a GmbH or a corporation (AG) may be carried forward and allocated against future profits. Normally, it is possible to carry forward losses of the last seven years. In some Cantons one is required to keep a separate schedule of previous years losses and ...

How much profits and capital taxes does a Swiss company (GmbH or AG) have to pay for 2009?

Corporations (AG) and limited liability companies  (GmbH) are both taxed as corporate bodies. One has to distinguish between the Direct Federal Tax and the cantonal and communal taxes. Profits taxes are levied at all three administrative levels (federal, cantonal, communal), with some exeptions at communal level depending on the cantons, ...

Which taxes are due upon foundation of an incorporated enterprise [GmbH or company(AG)]?

Basically, no taxes are due when you incorporate your company. Stamp duty on issues: The stamp duty on new issued capital (tax rate 1%) is only due starting from CHF 1 million of equity, so generally, formations with less equity are exempted from the federal stamp duty on issues. Profits and capital ...

Tax return 2009: do I have to complete and file the tax return 2009 if I launch my business per end of year?

If you launch your business (GmbH or AG) in the second half of the year, you will receive a tax return at the beginning of 2010. Basically, you have two options: 1. Send back the tax return with the note "no sales yet" (German: "noch keine Umsätze"). You are allowed to do this ...

New VAT Act into effect on January 1st 2010: Amendment to VAT duty!

This summer, the Swiss Parliament passed the new VAT Act. The new VAT Act particularly aims to simplify the VAT and thereby reduce the burden on enterprises. The details of all modifications as well as the exact implementation in practice are in many cases not yet clear. The most important change ...

VAT duty – Who is subject to Value Added Tax (VAT)?

Basically, everyone who performs a commercial or professional activity of independent character is subject to VAT.  This is true for physical persons (e.g. sole proprietorships) as well as for legal entities (e.g. partnerships, GmbH, AG, etc.). The current standard rate of VAT in Switzerland is 7.6%, although there are reduced ...