Home   About   Team   Services   News   Contact

Services

ValoremTax and Finance SA

International companies and taxation of expatriates
Middle size
companies
Private and high net
worth individuals

Thanks to the skills and experience of our employees, we are able to assist our clients throughout the expansion of their business in Switzerland and abroad. Our global approach to tax (company, shareholders, financing, succession, acquisition / disposal of a company etc.) allows for the protection, efficient planning and development of our clients’ assets.

International companies and regional headquarters
Taxation of foreign executives and expatriates

Thanks to its International tax knowledge and its experience in helping foreign companies to set up in Switzerland, ValoremTax can be a valuable partner for multinational companies having a presence in Switzerland. Our clients will benefit from our important network of tax professionals abroad, as well as the experience acquired when working with the big four and with the in-house tax department of multinationals.

We are committed to providing solutions that are tailored to the needs of our clients as well as to the constraints of their activities and their business models, thus ensuring viable solutions that are sustainable from a tax point of view.

We are able to analyse the taxation of activities such as research and development, intellectual property revenue (embedded royalties, withholding tax on royalties), financing (withholding tax on interests, thin capitalization issues) and profit repatriation.

Thanks to the skills of its employees, ValoremTax can assist companies throughout the various steps of the tax management process:

  1. Comprehensive tax analysis of the situation, development and implementation of a tax strategy, including the necessary rulings to be obtained from the various Swiss tax authorities.
  2. Review of the Swiss statutory accounts and preparation of the various tax returns.
  3. Monitoring of tax assessments and payments, reply to requests for information and assistance in the case of tax disputes and audit.
  4. Update of the tax strategy in accordance with the development of the business model as well as with the legal tax framework.

Our clients can rely on ValoremTax to manage their entire tax management process.

As a consequence, they can concentrate on their core activities whilst controlling their expenses and tax risks. In such scenarios, international companies will benefit from our skills and experience gained when working with multinational companies as well as the big four.

With our vast experience and knowledge, we are well equipped to manage complex tax scenarios including restructuring, tax due diligence processes, and purchase and sale of companies as well as tax disputes.

With our employees diverse backgrounds and knowledge, ValoremTax is able to manage complex and multidisciplinary projects including legal and financial aspects and company valuations. Our team collaborates regularly with well-known experts in their field.

Taxation of foreign executives and expatriates:

ValoremTax renders the following tax services in relation to the personal taxation of foreign executives and expatriates working in multinational companies:

  • Preparation of the tax return based on the documents provided by the client (including extension of the tax filing deadline, review of tax assessments)
  • International allocation between Switzerland and abroad, for individuals entering and departing Switzerland, or, resulting from a change of the personal family situation (for example split family, professional activity from a spouse abroad);
  • Tax analysis and ruling request when implementing an employee stock ownership plan (stock purchase plan, stock options, restricted stocks, phantom stocks, stock appreciation rights) and follow up of related compliance during the life of the employee stock plan;
  • Tax analysis and ruling request in relation to the taxation of certain remuneration components paid in kind or cash (for example representation allowance, residence indemnities, schooling);
  • Social security and taxation of pension schemes (pension buy back or buy forward, 3rd pillar A);
  • Real estate taxation (with a tax residence in Switzerland and abroad), tax implication in case of sale of real estate property in Switzerland or abroad;
  • Tax equalisation.

Middle size companies and their shareholders

SMEs are crucial in Switzerland due to their dynamism and importance in our local economy. Indeed, they form an intregal part of our workforce in Switzerland.

ValoremTax assists private individuals and families in delivering tax efficient structuring solutions for professional or private assets. A SME tax management requires a comprehensive analysis and approach, including the tax implications for the corporation, the employees/executives  and the shareholders. It also requires to anticipate tax issues that may result from financing, from the lifestyle of the shareholder, from any succession as well as from potential acquisition or sale of a company. Our comprehensive understanding of the challenges that SME and their shareholders face enables ValoremTax to offer flexible, adaptable and innovative solutions.

We offer support to entrepreneurs throughout the development of their business in Switzerland and abroad, as well as, in the case of assets’ restructuring, succession planning (including the potential sale of the family business).

Our comprehensive tax services include among other things:

  1. Review of tax risks and opportunities as well as development and implementation of a tax strategy (including the appropriate tax rulings to be obtained from the various tax authorities)
  2. Preparation of and securing specific tax rulings with the Swiss tax authorities (tax holidays, specific tax status etc.).
  3. Support for the closing of statutory accounts and preparation of corporate tax returns.
  4. Assistance in case of a tax audit, a tax dispute or the voluntary disclosure of undeclared assets and/or revenue.
  5. Analysis of transfer pricing (price applied between related parties) and support to implement the appropriate transfer pricing documentation.
  6. Assistance in the case of sale/acquisition of a company (tax due diligence), and set up of tax optimised acquisition structure.
  7. Tax advice in relation to the sale or acquisition of a real estate property.
  8. Tax analysis and strategy as well as a ruling request for the implementation of an employee stock ownership plan (stock purchase plan, stock options, restricted stocks, phantom stocks, stock appreciation rights) and follow up of related compliance during the life of the employee stock plan.
  9. Tax analysis and ruling request in relation to the taxation of certain remuneration components paid in kind or cash (for example representation allowance, company car).
  10. Tax assistance in relation to the implementation of a pension scheme and advice on tax issues related to social security and pension schemes.
  11. Calculation of the maximum remuneration that could be paid to shareholders to avoid income tax and withholding tax issues and calculation of a minimum salary to be in compliance with the social security (AVS).
  12. Tax analysis to determine whether it is more advantageous to receive a salary or a dividend from a tax point of view.
  13. Tax analysis and strategy in case of sale/acquisition of a company.
  14. Estate tax planning (inheritance tax, donation tax).
  15. Tax advice in case of development of activities outside of Switzerland thanks to our important network of tax professionals abroad.
  16. Preparation of complex tax returns for shareholders and executives (real estate abroad, international allocation between Switzerland and abroad, change of the personal family situation: for example split family, professional activity from a spouse abroad).

SME can rely on ValoremTax to manage their tax management process. As a consequence, they can concentrate on their core activities while controlling their expenses and tax risks. Indeed, our clients will benefit from our skills and competencies when outsourcing all or part of the following items:

  1. Comprehensive tax analysis of the situation, development and implementation of a tax strategy, including the necessary rulings to be obtained from the various Swiss tax authorities.
  2. Review of the Swiss statutory accounts and preparation of the various tax returns.
  3. Monitoring of the tax assessments and payments, answer to any request for information, assistance in case of tax disputes or audit.
  4. Update of the tax strategy to be in line with the development of the business model as well as with the tax legal framework.

Private and high net worth individuals

Taxation of private individuals is becoming more and more complex in an increasingly global world. Indeed, individuals and their families are more and more mobile. Sometimes, they have presence and work in multiple countries. Their wealth is also composed of assets located in various tax jurisdictions.

A comprehensive approach including related fields such as social security, pension scheme, taxation of corporation, inheritance and donation tax etc., and reflecting the potential development of their situation, is required to perform the appropriate tax planning. This approach guarantees that we will develop the most optimised structure to preserve our clients’ assets.

 

ValoremTax proposes the following tax services for private and high net worth individuals:

 

  1. Compliance and preparation of tax returns :
  • Preparation of the tax return based on the documents provided by the client
  • Management and extension of the tax filing deadline
  • Review of the accuracy of the tax assessments within the deadline imposed by tax law in order to be able to file a claim if necessary.
  • Review of the tax situation to optimise the assets structure within the limits of the law
  • Power of attorney and tax domiciliation to ensure that we receive a copy of the tax correspondence on time and that we can ensure that proper actions is made within the deadline imposed by tax law.

 

 

  1. Tax advice :
  • Tax implication in case of sale of a real estate property in Switzerland or abroad;
  • Tax analysis and ruling request when implementing an employee stock or option plan, as well as, follow up of related compliance during the life of the employee stock plan;
  • Tax analysis and ruling request in relation to the taxation of certain remuneration components paid in kind or cash (for example representation allowance, residence indemnities, schooling);
  • Social security and taxation of pension schemes (pension buy back or buy forward, 3rd pillar A);
  • Calculation of the maximum remuneration that could be paid to the shareholders to avoid income tax and withholding tax issues and calculation of a minimum salary to be in compliance with the social security (AVS);
  • Tax analysis to determine whether it is more advantageous to receive a salary or a dividend from a tax point of view;
  • Tax analysis and strategy in case of sale/acquisition of a company;
  • Estate tax planning (inheritance tax, donation tax).
  1. Lump sum taxation :

This specific way of being taxed is called in reality « taxation based on expenses ». It is available to non-Swiss wealthy individuals that become Swiss tax residents for the first time, or after an absence of 10 years and are not gainfully employed in Switzerland.

Instead of global income and wealth, this system uses the taxpayer’s annual lifestyle expenses as a surrogate tax base. The annual expenses are calculated based on objective criteria as follows :

  • For tax payers with their own household: the equivalent of seven times the annual rental expense or rental value of their principal residence in Switzerland.
  • For all other taxpayers : the equivalent of three times the amount for lodging and food.
  • A minimum expenses threshold of CHF 400'000 is assumed at federal level. Cantons must also define minimum expenses threshold but the amount is at their own discretion.

Please do not hesitate to contact us

Contact