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Value added tax in foreign currencies

New inheritance law: Savings from the tax-exempt pillar 3a pension plan do not form part of the inheritance estate

The new stock corporation law allows accounting in a foreign currency. The currencies EUR, USD, GBP and JPY are permitted.

The accounting of the value added tax must be done in Swiss francs. For the conversion from the foreign currency into Swiss francs, you can choose between

  • monthly average rate or
  • daily exchange rate.

The chosen procedure must be maintained in at least one tax period.