Rate this article 4.66666666666666751 based on 3 reviews
Moving to Switzerland for employment or business reasons implies various aspects to consider by foreign citizens. One of the most important refers to paying taxes in Switzerland.
The Swiss taxation system is a three-tier one which is why it can prove difficult to compute and pay the levies in accordance with all the regulations imposed by the federal, cantonal and municipal authorities. This is one of the main reasons for which many foreign citizens and companies request accounting services in Switzerland.
Our accountants in Switzerland are at the service of all those who need such services. Apart from these, you can also rely on us for Swiss company formation services.
Who needs an accountant in Switzerland?
Afteropening a company in Switzerland, all foreign investors will be needing quality accounting services in order to make sure their businesses benefit from the best and most suitable taxation and bookkeeping advice. Our accountant in Switzerland offers professional advice and consultancy in a wide range of financial services.
Services offered by our accountants in Switzerland
•Audit services in Switzerland
For an accurate and professional audit of our clients, our accountants verify all evidence supporting the financial statements so that all material misstatement will be eliminated. The statements of annual accounts must be filed on an annual basis in accordance with International Financial Reporting Standards (IFRS) applicable in Switzerland.
•Consultancy for Double Taxation Treaties in Switzerland
These treaties are signed by the Swiss Government in order to attract foreign investors and basically their purpose is to avoid double taxation of countries activating in more than one country. Therefore it is advisable for entrepreneurs opening companies in Switzerland to benefit from the experienced advice of an accountant knowledgeable in regards to the provisions of these treaties and that can provide assistance and representation in this matter. Clients can always rely on our accountant in Switzerland for professional and personalized taxation consultancy. We can also advise on any tax or trading agreement signed here and we can assist foreign businesses with information on the usage of the EORI number in Switzerland.
•Tax consultancy in Switzerland
We provide assistance in organizing the financial department, documentation preparation for loans applications, flow of documents, financial and accounting policies. Our accountant in Switzerland can also help with the taxes for company registration in this country.
•Company Management in Switzerland
A well conducted company management process can lead to the improvement of the company’s financial results. Furthermore the company can consolidate its position on the Swiss market if decided to turn to the advice of an accountant in Switzerland specialized in the country's legislation and accounting policies.
•Payroll services assistance in Switzerland
Any investor opening a company in Switzerland can realize that his company can benefit from the professional advice of an experienced accountant in regards to payroll processes and procedures. Our accountant in Switzerland can prepare the payrolls and statements related to the employees statements.
Our main accounting services for companies in Switzerland
The taxation of individuals earning money in Switzerland implies filing tax returns based on which the amount due is calculated and imposed on the taxpayers. When it comes to the taxation of salaries, all taxes and levies are withheld at source.
In the case of companies, however, there are various aspects to consider which is why our accountant in Switzerland is at the service of company officers who need assistance in how to comply with the tax legislation in this country.
These are the main services your company can rely on our accountant in Switzerland:
tax consultancy in accordance with the plans and economic projections of your company;
audit services for your company – we offer various types of audits, some imposed by the law, others at the request of business owners;
bookkeeping which is at the core of any activity undertaken by a Swiss company;
payroll and HR which implies the preparation of all documents associated to your status as an employer;
financial statement preparation and filing, as well as tax and VAT registration in Switzerland.
If you need any other services that were not listed above, do not hesitate to ask for information with our accountant in Switzerland.
Setting up taxation for a Swiss company
Our accountants in Switzerland can take over the accounting in your company from zero or from any point of the activity completed, as you want.
For newly incorporated companies, we can set up the accounting from the beginning. This means that we can handle the registration for tax purposes and for VAT. If you don’t want to register the business for VAT from the beginning, you can wait until the mandatory threshold is reached.
Then, we can set up the payroll. This means that we will register the company as an employer, plus all the employees for the following:
- health insurance,
- accident and occupational disease insurance,
- unemployment insurance.
Apart from these, there are also other insurances we can enroll your company with.
The creation of payroll for a company implies a lot of work and many documents to prepare and keep track of, which is why many Swiss companies choose to outsource this department to specialized accounting firms.
Bookkeeping services in Switzerland
Another important service you can benefit from with our accountant in Switzerland is bookkeeping. This implies the day-to-day management of invoices, sale and purchase orders and other documents that enter and leave the company.
We can handle the preparation of all these documents as well as their recording in the company’s accounting as they will be required at the end of the year when they must be aggregated to the financial statements in order to provide for an accurate picture of the business’ accounting.
Some of them will also be required when performing the audit of the company.
Bookkeeping requires a lot of attention which is why you will need a specialist in this field in order to make sure everything is in order.
Our specialists work together in order to offer the most relevant services to local and foreign investors who want to do business in Switzerland.
Accounting Standards in Switzerland
Accounting standards in Switzerland are performed through national regulations, as the country is not a member state of the European Union (EU). Companies in Switzerland are required to comply with the Swiss Generally Accepted Principles (SGAP), as stated by the Swiss Code of Obligations. The main institution which provides the legislative framework for the accounting principles in this country is the Swiss Foundation for Accounting and Reporting. Our team of accountants in Switzerland can offer in-depth assistance on the legal principles that are to be performed by any commercial company operating here.
Regulations for accounting procedures presented by our accountant in Switzerland
Companies operating in Switzerland are required to prepare various accounting documents, that should be submitted with the relevant institutions. All companies in Switzerland have to prepare financial statements, except companies which operate as private partnerships and private enterprises.
At the same time, listed companies in Switzerland have to submit financial documents following the Swiss GAP, as long they are registered in this country. Our accountant in Switzerland can offer in-depth advice on other types of legal entities that are required to submit financial documents. It is important to know that a fiscal year in Switzerland starts on 1st of January and ends on 31st of December.
Financial documents for Swiss comercial companies
A legal entity operating in Switzerland is considered a commercial company if during the registration procedure, the business form was registered with the Commercial Register.
In this case, such companies have to prepare a set of financial documents, as stated by the Swiss Code of Obligations:
• a book-of-account;
• a balance sheet;
• a profit-and-loss statement;
• an inventory;
• the notes.
Certain documents, such as the balance sheet, income statements and notes, have to be prepared every financial year. They have to be concluded following the accounting principles applicable here and they should provide a clear image on the financial situation of the company. After completing the company’s financial statements, they will be presented to the Board of Directors, in a period no longer than six months after the end of the financial year. As a general rule, such documents are publicly available, but the regulation is not applicable to non-public Swiss companies.
Businessmen are invited to contact our accountant in Switzerland for further advice on the accounting standards available here. Our accountants can also provide advice on the requirements for submitting such documents.
We also invite you to watch our video on accounting services in Switzerland:
The Swiss taxation system
As mentioned in the beginning of this article, the Swiss taxation system is a three-tier one which means that there are three levels of taxation, as it follows:
- the corporate tax rates at a federal level range between 7.8% and 8.5%,
- in the case of individuals, the income tax ranges between 0% and 13.20% at a federal level,
- the value added tax (VAT) is imposed at a standard rate of 7.7%,
- capital gains are imposed at rates ranging between 0% and 8.5% at a federal level.
Our accounting services in Switzerland are meant to efficiently control the business expenses for our clients and also save their time and efforts. For more details and a personalized offer please contact us. Also, if you don't have a business yet, but you are thinking of starting one, our experts can help you open a company in Switzerland.
Paul Gheorghiu is one of our experienced company formation agents. He will help you register your company in Switzerland as fast as possible.
Call us now at +41 41 266 0070 to set up an appointment with our experts in Zug, Switzerland. As a Sig Fiduciaire client, you will beneficiate from the expertise of our local consultants for opening a company in Switzerland.
- cost-efficiency: competitive company formation prices;
- prompt response to your inquiry (maxim 24 hours);
- free and complete legal information featured on our site, at your disposal.