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    Tax accounting

    Tax accounting enables transparency, governance and trust.
    Contact our experts

    Enabling governance, transparency and trust

    As a company, you’re required to pay tax on your income and comply with tax and reporting regulations at a domestic and international level. In an environment of increased transparency and scrutiny, shifting priorities and new standards, it’s however not enough just to pay your tax bills. 

    We believe tax accounting is an important enabler of governance, transparency and trust. Focusing on tax accounting not only ensures adherence to financial and non-financial reporting standards but also helps you optimize your financial performance, supports your overall business strategy and helps you meet investor and stakeholder expectations.

    Our tax accounting specialists are experts in domestic and international tax law as well as tax aspects of financial and non-financial reporting and accounting standards. They also closely follow BEPS Pillar 2 developments and are ready to guide you skillfully through the new tax rules emerging from this Global Minimum Taxation (Pillar Two) and future OECD initiatives. We also help you manage the impact of the sustainability debate on tax, particularly when addressing ESG reporting requirements. 

    Tax accounting provides you with important financial information that can inform your decision-making and support good governance. By analyzing your tax positions, you can assess both the cash tax impact as well as the impact on your effective tax rate of different business decisions, such as mergers and acquisitions, divestments and reorganization projects within your company. 

    Anne Marie Anselmi
    Anne Marie Anselmi

    Partner, International Corporate Tax, Head of Tax Accounting

    KPMG Switzerland

    Marco Alig
    Marco Alig

    Director, International Corporate Tax, Tax Accounting

    KPMG Switzerland

    Your challenges – our solutions

    We act as a sounding board for your tax function, enhancing your in-house capabilities and capacities through workshops and training, analyses, reports and opinions, health checks and reporting packages.

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    Tax processes

    With expertise in IFRS (IAS12, IFRIC23), US GAAP (ASC740, FIN48) and Swiss GAAP FER as well as Swiss and international tax laws, we help you get clarity on your tax positions in your financial reporting as part of the tax closing process. This includes supporting with the current and deferred tax calculations, determining uncertain tax positions (UTPs) or valuation allowances (VAs) and developing appropriate tax disclosures e.g. tax rate reconciliations.

    Also ask us for support in developing tax processes and governance frameworks. We help you prepare for the next phase, improve quality and efficiency through targeted use of technology and we support your tax workstream in finance transformations.

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    Guidance, interpretation and opinions

    Whatever your current accounting method, we draw on our experience and know-how to offer guidance on interpretations including tax accounting considerations of the impacts from the Swiss Tax Reform and AHV Financing (TRAF) e.g. arising from R&D and IP incentives or step-ups.

    We further support in projects such as GAAP conversions, IPOs, carve-outs and other M&A transactions. 

    On all such topics we also offer assurance and opinions. 

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    Analyses and reviews

    Are you wondering how your effective tax rate shapes up compared to your peers? Our analysis - including benchmarking - will help you understand more about the key drivers so you can optimize your effective tax rate. 

    Or are you struggling with the determination of deferred tax positions and their impact on the ETR? And wondering how remaining hidden reserves will impact the GloBE calculations upon introduction of BEPS Pillar 2? Our deferred tax reviews can help provide clarity and identify optimization opportunities.

    Hot topics

    Visit our dedicated pages for hot topics related to your tax accounting needs.

    BEPS

    As OECD initiatives to tackle Base Erosion move into the next phase, you will need to consider the impact of GloBE rules on your tax and accounting processes.

    Under Pillar 2, Switzerland – as a signatory to the Inclusive Framework – is poised to introduce a global minimum tax for multinational enterprises. We help you understand how this will affect your company, what Top-up tax consequences are expected – and how to prepare.

    > Visit our website for more information on BEPS Pillar 2
    > Read about Switzerland’s position in a new level playing field

    ESG & Tax – Tax transparency

    As ESG takes center stage, we can help you align your overall ESG strategy to your tax strategy particularly when it comes to preparing tax transparency or total tax contribution reports.

    Solid tax accounting data is an important source of ESG information and tax metrics are increasingly required by various stakeholders in your sustainability reports. 

    > Reporting formats and content of public EU country-by-country reports
    > Read more: EU public CbCR Directive implemented
    > Learn how the tax transparency landscape develops in our Benchmarking Survey
    > Find out more on tax transparency
    > Read about the role of tax in a sustainable future

    Tax Closing Process Value Proposition

    Considering the ever increasing pressure on your tax closing process, as part of our Tax Reporting Process Offering we help you design and implement an efficient, state-of-the art process and act as your sparring partner for all tax accounting topics.

    > Download our factsheet for tax closing process support

    BEPS 2.0, especially Pillar Two and the Global Minimum Taxation Initiative, is coinciding with ESG developments and an increased focus on tax accounting and reporting requirements all accelerating the tax transparency trend. We help your tax and accounting teams juggle these demands with the daily business of tax closing processes, accounting and good governance.

    Contact our experts

    If you have questions about our services, we would be happy to hear from you and help you find out how we can support you. 

    Anne Marie Anselmi
    Anne Marie Anselmi

    Partner, International Corporate Tax, Head of Tax Accounting

    KPMG Switzerland

    Marco Alig
    Marco Alig

    Director, International Corporate Tax, Tax Accounting

    KPMG Switzerland