Twitter Logo Youtube Circle Icon LinkedIn Icon

Publishing firms

Legal Developments worldwide

Swiss Tax Consequences of Currency Conversions

July 2010 - Tax & Private Client. Legal Developments by Walder Wyss Ltd.

More articles by this firm.

The Swiss Federal Supreme Court recently held that variances resulting from the conversion of the statutory accounts from a foreign functional currency into Swiss francs must be accounted for in the shareholders' equity account, a result consistent with International Financial Reporting Standards (IFRS). This NewsLetter discusses tax issues and other consequences of this decision.


For more information please visit