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SFTA sets year-end and annual average exchange rates for 2016

The Swiss Federal Tax Authority has published the year-end exchange rates for all currencies as at 31.12.16 together with the annual average exchange rates for 2016. The main year-end exchange rates are as follows:

1 EUR = 1.072000 CHF

1 USD = 1.016354 CHF

1 GBP = 1.255857 CHF

We recommend our clients to use the SFTA's published exchange rates when converting foreign currencies.

We are pleased to provide a list with the monthly average rates 2016 applicable for VAT-purposes as released by the federal tax authorities.

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