For many businesses, the effects of the Coronavirus crisis
create new economic challenges. In addition to the protection of
employees, liquidity planning and the management of the balance
sheet situation to guard against capital losses or
over-indebtedness are moving sharply into focus. The federal
government and the cantons in Switzerland have therefore decided on
various immediate tax measures for affected companies, which are
briefly explained below. In addition, businesses feeling the impact
of the virus can consider various restructuring actions, while
always being mindful to avoid potential negative tax consequences
which could make an already financially strained situation even
tougher. In addition, certain tax planning measures can also help
to improve the balance sheet and the overall financial
situation.
