Michaela Merz


Leave a comment

Invitation: PwC Webinar „How do the new Swiss VAT rules affect my organisation?”


You may be aware that imminent changes in the law governing Swiss VAT (value-added tax) are set to have a major impact on businesses in both Switzerland and abroad. The main change for foreign companies relates to the VAT registration requirement: Continue reading


Leave a comment

Should one withdraw the Pension Fund balance? (Recording of a conversation)


602208_web_R_K_B_by_uschi dreiucker_pixelio.deI was at the airport waiting for my flight. I was reading my documents.
Two men in suits, 50+, carrying briefcases came and sat beside me.

“If it goes on like this, the Pension Fund conversion factor will soon be 0.0”, said the smaller of the two.

“Yes, that’s quite possible” replied the other. “Then it won’t be worth drawing a pension. One would have to withdraw the capital.”

“You’re quite right, if the capital is withdrawn, it’s taxed at a lower rate.To make the most of that, perhaps shortly before doing so one should move somewhere abroad, where it is not taxed at all.” Continue reading