Tax - Income statement related/reconciliation of tax rate (Details) - CHF (SFr) SFr in Millions |
12 Months Ended |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
| Income from continuing operations before taxes (CHF) |
|
|
|
| Switzerland |
SFr 257
|
SFr 1,770
|
SFr 2,985
|
| Foreign |
(857)
|
1,697
|
1,735
|
| Income/(loss) before taxes |
(600)
|
3,467
|
4,720
|
| Current and deferred taxes |
|
|
|
| Switzerland |
316
|
163
|
175
|
| Foreign |
485
|
204
|
531
|
| Current income tax expense |
801
|
367
|
706
|
| Switzerland |
222
|
450
|
171
|
| Foreign |
3
|
(16)
|
418
|
| Deferred income tax expense |
225
|
434
|
589
|
| Income tax expense |
1,026
|
801
|
1,295
|
| Income tax expense/(benefit) reported in shareholder's equity related to: |
|
|
|
| Gains/(losses) on cash flow hedges |
(63)
|
25
|
13
|
| Cumulative translation adjustment |
4
|
0
|
(4)
|
| Unrealized gains/(losses) on securities |
0
|
(6)
|
7
|
| Actuarial gains/(losses), Tax |
228
|
(18)
|
99
|
| Net prior service credit/(cost) |
(23)
|
(33)
|
58
|
| Share-based compensation and treasury shares |
(4)
|
(4)
|
(5)
|
| Reconciliation of taxes computed at the Swiss statutory rate |
|
|
|
| Income tax expense computed at the statutory tax rate |
(111)
|
693
|
1,038
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount |
370
|
(62)
|
(101)
|
| of which total foreign tax expense |
488
|
188
|
949
|
| Changes in tax law and rates |
(33)
|
(6)
|
(28)
|
| Non-deductible amortization of other intangible assets and goodwill impairment |
(300)
|
0
|
1
|
| Other non-deductible expenses |
386
|
254
|
371
|
| of which non-deductible interest expenses |
200
|
117
|
274
|
| of which resolution of interest cost deductibility with and between international tax authorities |
|
157
|
|
| of which non-deductible bank levy costs and other non-deductible compensation expenses |
39
|
68
|
56
|
| of which non-deductible expenses or non-deductible provision accruals |
93
|
46
|
|
| of which non-deductible other expenses |
43
|
23
|
34
|
| of which contingency accrual relating to non-deductible interest expense |
(11)
|
(41)
|
28
|
| Additional taxable income |
15
|
8
|
7
|
| Lower taxed income |
(146)
|
(234)
|
(325)
|
| of which tax benefit in respect to non-taxable dividend income |
41
|
|
45
|
| of which tax benefit related non-taxable life insurance income |
77
|
67
|
73
|
| of which business transfer |
|
(19)
|
(160)
|
| of which exempt income |
15
|
|
14
|
| of which concessionary and lower taxed income |
15
|
67
|
26
|
| of which revaluations of equity investments |
|
79
|
|
| (Income)/loss taxable to non-controlling interests |
11
|
18
|
8
|
| Changes in deferred tax valuation allowance |
621
|
322
|
116
|
| Change in recognition of outside basis difference |
2
|
(9)
|
4
|
| (Windfall tax benefits)/shortfall tax charges on share-based compensation |
37
|
76
|
39
|
| Other |
174
|
(259)
|
165
|
| of which benefit relating to return to accrual adjustments following the close of a tax audit cycle and the impact of the closure of an advanced pricing agreement |
|
|
(53)
|
| of which tax (benefit)/charge from the impact of prior year adjustments |
(24)
|
(82)
|
(20)
|
| of which tax benefit from the reduction in own-credit revaluation gains/(losses) |
14
|
14
|
(58)
|
| of which tax impact of transitional adjustments arising from adoption of new accounting standards |
51
|
78
|
123
|
| of which tax impact of the US Base Erosion and Anti-abuse Tax (BEAT), for 2021 |
|
26
|
|
| of which tax impact of the US Base Erosion and Anti-abuse Tax (BEAT), for 2020 |
29
|
(180)
|
165
|
| of which change in tax rules |
|
(141)
|
|
| of which withholding taxes |
100
|
61
|
|
| Income tax expense |
1,026
|
801
|
1,295
|
| Switzerland |
|
|
|
| Income from continuing operations before taxes (CHF) |
|
|
|
| Income/(loss) before taxes |
SFr 257
|
SFr 1,770
|
SFr 2,985
|
| Reconciliation of taxes computed at the Swiss statutory rate |
|
|
|
| Swiss statutory rate (as a percent) |
18.50%
|
20.00%
|
22.00%
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| of which re-assessment of deferred tax assets in Switzerland reflecting changes in forecasted future profitability |
|
SFr 252
|
|
| of which benefit earnings mix from group of Swiss entities |
|
(34)
|
|
| UK |
|
|
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| Changes in deferred tax valuation allowance |
SFr 781
|
|
SFr (157)
|
| Decrease in deferred tax valuation allowance |
1,000
|
|
|
| Japan, US, UK [Member] |
|
|
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| Changes in deferred tax valuation allowance |
|
|
273
|
| UK and Switzerland |
|
|
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| Changes in deferred tax valuation allowance |
|
353
|
|
| UK and Hong Kong |
|
|
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| Changes in deferred tax valuation allowance |
|
(31)
|
|
| Switzerland, Hong Kong |
|
|
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| Changes in deferred tax valuation allowance |
(160)
|
|
|
| Asia Pacific |
|
|
|
| Income from continuing operations before taxes (CHF) |
|
|
|
| Income/(loss) before taxes |
291
|
244
|
112
|
| Bank |
|
|
|
| Income from continuing operations before taxes (CHF) |
|
|
|
| Switzerland |
1,659
|
2,477
|
3,259
|
| Foreign |
(1,750)
|
734
|
1,134
|
| Income/(loss) before taxes |
(91)
|
3,211
|
4,393
|
| Current and deferred taxes |
|
|
|
| Switzerland |
302
|
151
|
164
|
| Foreign |
472
|
188
|
518
|
| Current income tax expense |
774
|
339
|
682
|
| Switzerland |
156
|
367
|
194
|
| Foreign |
8
|
(9)
|
422
|
| Deferred income tax expense |
164
|
358
|
616
|
| Income tax expense |
938
|
697
|
1,298
|
| Income tax expense/(benefit) reported in shareholder's equity related to: |
|
|
|
| Gains/(losses) on cash flow hedges |
(62)
|
25
|
13
|
| Cumulative translation adjustment |
4
|
0
|
(4)
|
| Unrealized gains/(losses) on securities |
(4)
|
(6)
|
7
|
| Actuarial gains/(losses), Tax |
0
|
(19)
|
4
|
| Net prior service credit/(cost) |
0
|
1
|
0
|
| Reconciliation of taxes computed at the Swiss statutory rate |
|
|
|
| Income tax expense computed at the statutory tax rate |
(17)
|
642
|
966
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount |
92
|
(64)
|
(109)
|
| of which total foreign tax expense |
480
|
179
|
940
|
| Changes in tax law and rates |
(29)
|
(5)
|
9
|
| Non-deductible amortization of other intangible assets and goodwill impairment |
(181)
|
0
|
1
|
| Other non-deductible expenses |
369
|
253
|
368
|
| of which non-deductible interest expenses |
200
|
117
|
274
|
| of which resolution of interest cost deductibility with and between international tax authorities |
|
157
|
|
| of which non-deductible bank levy costs and other non-deductible compensation expenses |
39
|
68
|
56
|
| of which non-deductible expenses or non-deductible provision accruals |
93
|
46
|
|
| of which non-deductible other expenses |
28
|
23
|
34
|
| of which contingency accrual relating to non-deductible interest expense |
(11)
|
(41)
|
28
|
| Additional taxable income |
15
|
8
|
7
|
| Lower taxed income |
(129)
|
(221)
|
(314)
|
| of which tax benefit in respect to non-taxable dividend income |
41
|
|
45
|
| of which tax benefit related non-taxable life insurance income |
77
|
67
|
73
|
| of which business transfer |
|
(19)
|
(160)
|
| of which exempt income |
5
|
|
14
|
| of which concessionary and lower taxed income |
5
|
53
|
20
|
| of which revaluations of equity investments |
|
79
|
|
| (Income)/loss taxable to non-controlling interests |
12
|
18
|
8
|
| Changes in deferred tax valuation allowance |
612
|
281
|
114
|
| Change in recognition of outside basis difference |
3
|
(13)
|
4
|
| (Windfall tax benefits)/shortfall tax charges on share-based compensation |
37
|
75
|
39
|
| Other |
154
|
(277)
|
205
|
| of which benefit relating to return to accrual adjustments following the close of a tax audit cycle and the impact of the closure of an advanced pricing agreement |
|
|
(53)
|
| of which tax (benefit)/charge from the impact of prior year adjustments |
(30)
|
(80)
|
(20)
|
| of which tax impact of transitional adjustments arising from adoption of new accounting standards |
|
78
|
123
|
| of which tax impact of the US Base Erosion and Anti-abuse Tax (BEAT), for 2021 |
|
26
|
|
| of which tax impact of the US Base Erosion and Anti-abuse Tax (BEAT), for 2020 |
29
|
(180)
|
165
|
| of which change in tax rules |
|
(141)
|
|
| of which withholding taxes |
100
|
61
|
|
| Income tax expense |
938
|
697
|
1,298
|
| Bank | Switzerland |
|
|
|
| Income from continuing operations before taxes (CHF) |
|
|
|
| Income/(loss) before taxes |
SFr 1,659
|
SFr 2,477
|
SFr 3,259
|
| Reconciliation of taxes computed at the Swiss statutory rate |
|
|
|
| Swiss statutory rate (as a percent) |
18.50%
|
20.00%
|
22.00%
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| of which re-assessment of deferred tax assets in Switzerland reflecting changes in forecasted future profitability |
|
SFr 222
|
|
| Increase in deferred tax valuation allowance |
SFr 900
|
|
|
| of which benefit earnings mix from group of Swiss entities |
51
|
(34)
|
|
| Bank | UK |
|
|
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| Changes in deferred tax valuation allowance |
771
|
|
SFr (158)
|
| Bank | Japan, US, UK [Member] |
|
|
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| Changes in deferred tax valuation allowance |
|
|
272
|
| Bank | UK and Switzerland |
|
|
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| Changes in deferred tax valuation allowance |
|
312
|
|
| Bank | UK and Hong Kong |
|
|
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| Changes in deferred tax valuation allowance |
|
(31)
|
|
| Bank | Switzerland, Hong Kong |
|
|
|
| Increase/(decrease) in income taxes resulting from: |
|
|
|
| Changes in deferred tax valuation allowance |
(159)
|
|
|
| Bank | Asia Pacific |
|
|
|
| Income from continuing operations before taxes (CHF) |
|
|
|
| Income/(loss) before taxes |
SFr 230
|
SFr 162
|
SFr 360
|