§ 35 Tax Act (StG) - Depreciations

1. Commercially justified depreciation of assets is permissible, provided that it is recorded in the accounts or, in the case of simplified accounting pursuant to Article 957, paragraph 2 of the Swiss Code of Obligations, shown in special depreciation tables.

2. As a rule, depreciation is calculated based on the actual value of individual assets or appropriately distributed according to their anticipated useful life.

3. Depreciation of assets that have been revalued to offset losses may only be undertaken if the revaluations were legally permissible under commercial law and the losses would have been compensable at the time of depreciation pursuant to § 38.

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