Tax exemption of charitable institutions
According to federal and cantonal tax laws, charitable institutions can apply for an exemption from profit and capital taxes. For such tax exemption certain conditions must be met.
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Cryptocurrencies: Swiss Federal Tax Administration publishes tax values for 2021
The Swiss Federal Tax Administration (SFTA) has published the list of exchange rates of foreign currencies and cryptocurrencies as per December 31, 2021.
Non-fungible token (NFT) – Swiss legal and regulatory considerations
Non-fungible tokens (NFTs) are becoming increasingly popular and widespread. More and more startups are emerging in Switzerland's Crypto Valley to develop and trade NFTs or provide advice around NFTs.
EU Growth Prospectus approved for Artificial Intelligence (AI) Start-up based in Switzerland
The Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg has approved the EU Growth Prospectus we filed in collaboration with our colleagues in Luxembourg for the public sale of securities by a Swiss Start-up developing various artificial intelligence based software tools.
Paternity leave: what has changed!
Since 1 January 2021, fathers in Switzerland have the right to two weeks of paternity leave. This change gives new fathers a chance to take some valuable time off to settle into their new role and support their families. Paternity leave raises various considerations for employers and employees, the most important of which are discussed below.
Inheritance law: The digital estate
Digital technology has long been a topic of discussion for most people. Accordingly, deceased persons are increasingly leaving an estate in digital form. For surviving relatives, it is almost impossible to track down the data of a deceased person on the internet and gain access to his or her digital estate. For this reason, everyone should take precautions regarding their digital estate during their lifetime. This article provides an overview of the necessary and sensible measures.
Cantonal Court of Lucerne finds error in calculation of short-time work benefits
In its landmark decision 5V 20 396 (LGVE 2021 III No. 2), the Cantonal Court of Lucerne ruled on the non-inclusion of holiday and public holiday entitlements in the assessment of short-time work (STW) benefits in the summary procedure introduced due to the Covid 19 pandemic for employees on monthly wages.
Abolition of bearer shares: Deadline!
Bearer shares are only permissible if a company is listed on a stock exchange or has structured the bearer shares as intermediated securities. If this is not the case, bearer shares must be converted into registered shares by 30 April 2021 at the latest. The conversion requires notarization by a notary public.
Cryptocurrencies: Tax values 2020 for Swiss net wealth tax purposes
The Swiss Federal Tax Administration (SFTA) has published the list of exchange rates of foreign currencies and cryptocurrencies as per December 31, 2020. The exchange rates are used to determine the tax values of foreign currencies and cryptocurrencies in CHF which individuals have to declare in their private tax declarations for net wealth tax purposes.
We accept crypto currencies (Bitcoin, Ethereum, Ripple) 