Tax consequences of coronavirus for employees and companies
The Corona Pandemic confronts us all with new and unknown challenges. In order to make a small contribution to overcoming the current situation, the Tax Team describes certain tax implications of the coronavirus for both employees and employers and summarises the latest tax measures of the Swiss Federation and the cantons in connection with the coronavirus.
In the present situation with the stringent measures that the Swiss Government took to protect the public, many individuals and SMEs are in urgent need of legal advice. Should you have any questions, feel free to contact us under email@example.com and briefly describe the subject-matter of your problem (including your surname/name, address and contact person for legal entities). One of our attorneys will contact you in due course. All advice in connection therewith shall be free of charge (pro bono).
Our approach to COVID 19
Dear Clients, Alumni and Friends
As the global coronavirus (COVID-19) pandemic continues to unfold, the Swiss government has in sum taken the following measures: closed all schools, forbidden all public and private events, closed all restaurants, bars, shops (except food markets, pharmacies and banks) and all entertainment and leisure institutions. They have strongly recommended that everyone stays at home unless working in homeoffice is not possible, they need to go to a doctor’s appointment, grocery shopping or help someone in need.
We would like to share information about the steps Prager Dreifuss has taken to align the government’s efforts to delay the outbreak and to protect the health and safety of our clients, firm colleagues and their families while maintaining business continuity.
We will continue to support our clients’ needs and navigate them through these challenging times and help them achieve their objectives.
Most employees work remotely from home. Our technical infrastructure is well prepared and everyone can continue working while converting to audio- or videoconferencing. The confidentiality, integrity and availability of all data is at all times secured by way of encription of all our devices.
Our reception and telephone desk is in operation every working day. In order to protect the health of our clients and employees, no meetings are held at our offices.
We will continue to monitor the situation closely and adapt our measures as necessary. We are confident to get through this exceptional situation with united forces and look forward to continuing working with and for you.
It is in such times that we are reminded that besides being your business partner, we are all members of the broader community and as such have a role to play in this evolving situation and we at Prager Dreifuss will do our part.
Stay safe and healthy!
Prager Dreifuss Ltd.
New article about a tax-efficient reorganization of real estate from the business unit which is for sale
In his latest article our tax partner Roland Böhi explains how an entrepreneur can reorganize his business with real estate so that the tax consequences are minimised when the business unit is subsequently sold and the real estate portfolio is still available to him as a capital investment. The article was published in Neue Zürcher Zeitung (German).
Insurance and Reinsurance law firm of the year
Prager Dreifuss received the Who’s Who Legal Switzerland Award for “Insurance & Reinsurance Switzerland Firm of the Year 2020”.