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01.01.2022
On 23 December 2011, after a 10-year period of consultation, the new Accounting Act was voted on. This was brought into force on January 1, 2013 with a transitional period of two years for companies which have no consolidation requirement. For companies with a consolidation requirement, there is a three year period. We will gladly provide a copy of the new accounting regulations.
That period has nearly expired and 2015 has begun. We from Treuhand-Zentrum Zurich have naturally prepared for these new regulations, which relate to all corporate forms.
The following list shows the most important changes:
It was fundamentally planned by the legislator that the rearrangement would be tax-neutral. Nevertheless, from different professional committees, it has been seen that the tax offices again have many appealing possibilities. Naturally, we will exhaust all possibilities to deter these.
These are only selected changes. We could continue the list for many pages.
Naturally, our goal is to introduce the legal requirements as efficiently as possible.
On 23 December 2011, after a 10-year period of consultation, the new Accounting Act was voted on. This was brought into force on January 1, 2013 with a transitional period of two years for companies which have no consolidation requirement. For companies with a consolidation requirement, there is a three year period. We will gladly provide a copy of the new accounting regulations.
That period has nearly expired and 2015 has begun. We from Treuhand-Zentrum Zurich have naturally prepared for these new regulations, which relate to all corporate forms.
The following list shows the most important changes:
- There are requirements for minimum classification of accounts for all company-forms! At the same time the new SME accounting charts were overhauled to coincide with the new regulations.
- New distinctions must be drawn for liabilities – is it interest or non-interest bearing debt?
- There is a possibility with the new law to keep accounts in the currency of economic significance.
- New presentation of equity in legal entities.
- New opportunities and requirements for the evaluation of balance sheet items.
- For example, newly created works must, when existent, be balanced.
- However, the founding expenditures do not have to be balanced.
- Financial statements: New regulations concerning minimum classification; additionally there is new information in the notes to the financial statements, etc.
- Etc.
It was fundamentally planned by the legislator that the rearrangement would be tax-neutral. Nevertheless, from different professional committees, it has been seen that the tax offices again have many appealing possibilities. Naturally, we will exhaust all possibilities to deter these.
These are only selected changes. We could continue the list for many pages.
Naturally, our goal is to introduce the legal requirements as efficiently as possible.
