Starting or running a business?

Discover everything you need to know about doing business in your country from one of the ‪Ye!‬ country guides. We have kick-started a few and will be adding more. Check it out and stay tuned!

Accounting

What accounting requirements are there in Switzerland?

Companies are required to compile financial statements (balance sheet, income statement, and annex) on an annual basis following the Swiss General Accepted Accounting Principles. Compliance with IFRs ensures compliance with the Swiss GAAP which means that the accounting system of the company can be based on any internationally accepted standards (Swiss GAAP/FER, IFRS or US-GAAP) and can be provided in any currency. However, in respect to tax purposes, the financial statements have to be prepared according to Swiss Law and in Swiss Francs.

For companies whose equity shares are listed on the main board of the Swiss Exchange are required to prepare their financial statements using either IFRSs or US GAAP, Swiss GAAP will not be permitted. Nonetheless, non-multinationals on the main board are allowed to follow Swiss GAAP. (The main board of the Swiss Exchange lists the shares of approximately 280 Swiss and 120 non-Swiss companies.)

Useful link