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The treatment of professional expense deductions due to Corona varies by canton, some allowing usual deductions and others recognizing special home office costs. Details of the tax regulations differ by canton, with some allowing general deductions and others costs for home office use.

Home office setup is tax deductible if used exclusively for work and 40% of the time is worked from home. However, meal costs and flat-rate professional expenses are not deductible.

New tax year begins; optimal preparation facilitates the tax declaration. Collecting documents and checking deductions can save time and money.

From 2021, new rules apply to withholding tax in Switzerland, with options to switch between this and ordinary taxation. Changes occur through status changes such as citizenship or marriage.

On January 1, 2021, new regulations on withholding tax came into effect in Switzerland, which detail the rights and obligations of employers and employees. Employees are entitled to have withholding taxes shown on their payroll statements, while employers are obliged to remit and report these taxes correctly.

The new Swiss source taxation law comes into effect on January 1, 2021, and regulates income taxes for domestic and foreign workers. Details and regulations are recorded in Circular No. 45.

Errors in the financial statements, such as poor preparation and inaccurate COVID-19 provisions, can have serious consequences. Careful preparation avoids liability risks and leads to tax benefits.

As of January 1, 2021, new withholding tax regulations apply in Switzerland to strengthen legal certainty and address technological developments. Details are documented in Circular No. 45 of the ESTV.

Pay into the 3rd pillar or pension fund to reduce your taxable income. Costs for job-related further education up to CHF 12,000 are also deductible.