Taxes

Cryptocurrency investments offer high returns and tax-related risks; commerciality changes the tax situation. Investors should examine the characteristics and intensity of their crypto transactions to avoid tax pitfalls.

Unemployment benefits in Switzerland are taxable, and there are deductible expenses such as application and training costs. Early information and use of tax benefits can alleviate financial burdens.

Properties acquired abroad must be declared in the Swiss tax return, including imputed rental value and deductible costs. Tax rates in Switzerland take into account the taxpayer's worldwide income and assets.

In Switzerland, many young adults still require parental support for their initial education after apprenticeship, which can range from apprenticeship to a doctoral degree. Parents can claim tax deductions for adult children in education, as long as the children's income does not exceed certain limits.

In Switzerland, maintenance and energy efficiency costs of a property can be tax-deducted, but not value-enhancing expenses. It is advisable to check cantonal regulations in order to optimally use tax benefits.

Divorce changes tax assessment from joint to separate; alimony payments are tax-deductible and must be declared.

In Switzerland, citizens who do not perform firefighting service must pay a firefighting replacement levy, which varies in amount by canton. Individuals aged 20-50 are generally obligated to perform firefighting service or, instead, pay a financial levy along with their taxes.

Home office compensation is taxable if the employer provides a workplace; without a provided workplace, it is considered tax-free expense reimbursement. Business expenses such as room costs and travel expenses for the home office are tax-deductible under certain conditions.

Companies offer participation models such as stock packages and options to promote employee retention and loyalty. These participations are subject to specific tax regulations, which depend on the type and availability of the shares.