Switzerland
Answer ... Generally, tax follows the accounts. Thus, accounts which are valid from a commercial law perspective are also valid and binding for Swiss tax purposes. However, certain exceptions apply. For example, special tax guidelines apply as to the generally permissible depreciation rates.
Switzerland
Answer ... Not under the current rules.
Switzerland
Answer ... Impairments of up to one-third are generally accepted on inventory.
Switzerland
Answer ... As private capital gains are tax free, derivatives must be analysed and classified in different categories. In the case of transparent products, that part of the income which is derived from the option component may be tax free. In the case of non-transparent products, the entire income will be taxable.
