Switzerland: Audit

Tax audits are a fundamental component of Switzerland's tax compliance framework, ensuring that businesses adhere to tax laws and regulations.

A number of clients and contacts ask for general details regarding Swiss accounting and audit requirements, and we have therefore provided the following summary.

Can a Swiss bank put its client identifying data (CID) in the cloud, even if access to it from outside Switzerland is not ruled out? While this was unthinkable a few years ago, the answer today is a resounding yes.