§ 97 Tax Act (StG) - Assessment of Net Profit

1. The taxable net profit is determined based on the result of the tax period.

2. If a legal entity is dissolved or relocates its headquarters, administration, business operations, or a permanent establishment abroad, the hidden reserves formed from untaxed profits are taxed together with the net profit of the last financial year.

3. If the financial statements are denominated in a foreign currency, the taxable net profit must be converted into Swiss francs. The applicable rate is the average foreign exchange rate (selling rate) of the tax period.

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