§ 34 Tax Act (StG) - Independent Professional Activity

1. In the case of self-employment, the business-related or professionally justified expenses shall be deducted.

2. These include in particular

a. depreciations, provisions, and value adjustments according to sections 35 and 36,

b. incurred and recorded losses on business assets,

c. contributions to pension schemes for the benefit of one's own personnel, provided that any misuse for other purposes is excluded,

d. * interest on business debts as well as interest attributable to participations pursuant to section 25 paragraph 2,

e. * costs of vocational training and continuing education, including retraining costs, for one's own personnel,

f. * profit-stripping sanctions, as long as they do not serve a punitive purpose.

3. Non-deductible are in particular

a. * payments of bribes in the sense of Swiss criminal law,

b. * expenses to facilitate offenses or as compensation for the commission of offenses,

c. * fines and monetary penalties,

d. * financial administrative sanctions, to the extent that they serve a punitive purpose.

4. If sanctions under paragraphs 3c and d have been imposed by a foreign criminal or administrative authority, they are deductible if

a. the sanction violates the Swiss ordre public, or

b. the taxable person credibly demonstrates that they have undertaken all reasonable steps to act in compliance with the law.

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