In the assessment of direct federal and cantonal taxation, the following value adjustment may be calculated for goods held as compulsory stocks:
compulsory stocks (Art. 11): maximum 50 per cent of the basic price;
supplementary compulsory stocks (Art. 14): maximum 80 per cent of the purchase or cost price; if the actual value of the goods is less, this shall provide the basis for calculating the value adjustment.
Undisclosed reserves arising from the value adjustment under paragraph 1 shall be taxed at the time the value adjustment is cancelled.
If stocks are no longer subject to compulsory holding as a result of an amendment made to the compulsory stockpiling agreement by the FONES, the cancellation of the value adjustment that is no longer admissible can be apportioned lineally over a maximum of three tax periods. If the compulsory stockholder voluntarily cancels the value adjustment, this apportionment is not permitted.
Compulsory stocks are not subject to stamp duty.
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