Angaben über das Warenlager

Finance, Taxes, Banking, Insurance and Retirement
1
Hello Everyone!

I'm sorry if it has been answered already but I couldn't find it in search.

I have a sole proprietorship with simplified bookkeeping (online shop selling alcohol)

In Zurich tax declaration there is a section called:

1. Angaben über das Warenlager

Do I need to fill in this part at all if I'm using Ist-method?

As I understand I need to state my inventory at the beginning and the end of the year but I don't really understand what is meant with:

1.1 Anschaffungs- oder Herstellungskosten (bzw. maximal Marktwert)

1.2 Deklarierter Wert

1.3 Unterbewertung

Can someone provide a simple example? What does it affect at all in my tax statement (it's neither revenue nor expense)?

Defining the value of the goods in the warehouse: do I simply multiply the amounts by my retail price? (e.g. I have 10 pcs. left and my selling price is 10,- CHF per piece. Is the inventory value 100,- CHF?)

2
The form is explained by the Merkblatt at this link:

https://www.zh.ch/content/dam/zhweb/...2018%20def.pdf

Anschaffungskosten is the purchased cost of the merchandise. The declared value can be 2/3 of the purchased cost. The undervaluation can be up to 1/3 of the purchased cost. The undervaluation percent can be up to 33.33%. Example:

Purchased cost: 1'000

Declared value: 667

Undervaluation: 333

Undervaluation: 33.33%

Good luck!

3
You can also write down the cost of any old inventory every following year since the older it is then likely becomes less and less saleable.

I use Banana for my company accounts mostly since it prepares the balance sheet and profit loss account in a nice format.

4
Thanks for the tip! Whisky actually only gets more expensive with time. So it's a double win!

I'm using simplified bookkeeping which doesn't require the balance sheet, etc. However, it looks like in ZH it's not so simplified as in some other cantons. Luckily, I was doing simple inventory in Excel for my own purposes and now I can track its value.

5
Thanks for the explanation. I've read that Merkblatt A but didn't get at first what they want. Regarding the declared value: Can I actually use it in the income calculation or do I need to show the full purchased cost at the end of the year? (That's item 5.5 Abz. Waren- und Materialvorräte am Jahresende)

6
"Regarding the declared value: Can I actually use it in the income calculation or do I need to show the full purchased cost at the end of the year? (That's item 5.5 Abz. Waren- und Materialvorräte am Jahresende)"

The adjusted inventory value at 1.2 should be used at 5.5.

Example:

5.2 Inventory purchases: 2'000

- 5.5 Inventory year-end: - 667

5.7 Inventory expense: 1'333