- First of all, the period of tax determination during which the various calculations necessary to assess the amount of tax to be paid are carried out.
- Next, the repayment period or tax period. This phase includes the finalization of all balance sheets and the payment of taxes due.
- And finally, the tax period in which the amount of taxable and non-taxable income and capital is determined.
Individuals must also pay various taxes such as: federal, municipal and cantonal taxes. These various taxes must be adjusted each year. As a result, the tax refund due in the current tax year is calculated based on the income received in the calendar year that corresponds to that year.
For companies or legal entities, the tax refund period runs concurrently with the tax assessment period. The tax of a current year is therefore to be calculated on the basis of the business year closed at the end of that business year even if the business year was closed during the calendar year.