Taxes

In Switzerland, taxpayers can deduct self-paid medical expenses if they exceed the reasonable deductible limit and all costs are verifiable. This includes costs for medical treatments, medications, therapies, and medical aids.

Occupationally incurred meal expenses can be deducted from taxes on a flat-rate basis, with the standard deduction being CHF 15 per workday. With subsidized canteen meals, the deduction is reduced to CHF 7.50 per day.

Professional expenses, such as travel costs between home and workplace, are tax-deductible. Deduction options include bicycle (CHF 700/year), public transport (necessary costs), and car (70 cents/km), with strict conditions applying.

In Switzerland, insurance premiums such as health, life, and accident insurance can be deducted from taxes, with a maximum of CHF 1,700 or CHF 3,500 for married couples at the federal level. The deductible amount increases by 50% in the absence of contributions to occupational pension plans.

Corporations such as joint-stock companies and limited liability companies are separate legal entities that are subject to a profit tax at both the federal and cantonal levels, and a capital tax at the cantonal level. In contrast to sole proprietorships, they suffer an economic double taxation, as profits are taxed first at the corporate level and later at the shareholders' level.

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Properties abroad are not subject to tax in Switzerland, but must be declared as they affect global assets. The tax value of a holiday apartment in France affects the taxable income and assets of a Zurich couple.

The declaration of art and classic cars in the tax return depends on the value and use; the distinction between household effects and assets is often blurred. Insurance amounts serve as a guideline for the tax-relevant value of expensive objects.