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Income taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure Of Income Taxes [Line Items]  
Disclosure Of Income Tax By Geographical Areas Explanatory
For the year ended
USD million31.12.1931.12.1831.12.17
Tax expense / (benefit)
Swiss
Current 365 469 455
Deferred 265 2,377 107
Total Swiss 630 2,846 562
Non-Swiss
Current 426 575 435
Deferred 211 (1,953) 3,308
Total non-Swiss 637 (1,378) 3,743
Total income tax expense / (benefit) recognized in the income statement 1,267 1,468 4,305
Disclosure of tax expense/(benefit) recognized and its relationship with accounting profit [text block]
For the year ended
USD million31.12.1931.12.1831.12.17
Operating profit / (loss) before tax 5,577 5,991 5,351
of which: Swiss 2,571 1,843 2,093
of which: non-Swiss 3,006 4,148 3,258
Income taxes at Swiss tax rate of 20.5% for 2019 and 21% for 2018 and 2017 1,143 1,258 1,124
Increase / (decrease) resulting from:
Non-Swiss tax rates differing from Swiss tax rate 82 55 217
Tax effects of losses not recognized 131 223 173
Previously unrecognized tax losses now utilized (265) (25) (368)
Non-taxable and lower taxed income (351) (430) (309)
Non-deductible expenses and additional taxable income 732 905 606
Adjustments related to prior years – current tax (5) 114 (13)
Adjustments related to prior years – deferred tax (6) 26 4
Change in deferred tax recognition (294) (795) (165)
Adjustments to deferred tax balances arising from changes in tax rates (9) 0 2,897
Other items 107 137 139
Income tax expense / (benefit) 1,267 1,468 4,305
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits Explanatory
USD million31.12.1931.12.18
Deferred tax assets1GrossValuationallowanceRecognizedGrossValuationallowanceRecognized
Tax loss carry-forwards 14,826 (8,861) 5,965 15,088 (8,989) 6,099
Temporary differences 4,186 (613) 3,572 4,571 (565) 4,006
of which: related to real estate costs capitalized for US tax purposes 2,219 0 2,219 2,159 (25) 2,134
of which: related to compensation and benefits 1,080 (179) 901 1,150 (192) 959
of which: related to trading assets 99 (5) 93 390 (50) 339
of which: related to investments in subsidiaries and goodwill 6 0 6 202 0 202
of which: other 782 (429) 353 670 (298) 372
Total deferred tax assets 19,011 (9,474) 9,537 19,659 (9,554) 10,105
Deferred tax liabilities
Goodwill and intangible assets 29 26
Cash flow hedges 156 0
Other 126 62
Total deferred tax liabilities 311 88
1 Less deferred tax liabilities as applicable.
Disclosure of total recognized and unrecognized deferred tax assets ("Gross") and unrecognized deferred tax assets ("Valuation Allowance") [text block]
USD million31.12.1931.12.18
Deferred tax assets1GrossValuationallowanceRecognizedGrossValuationallowanceRecognized
Tax loss carry-forwards 14,826 (8,861) 5,965 15,088 (8,989) 6,099
Temporary differences 4,186 (613) 3,572 4,571 (565) 4,006
of which: related to real estate costs capitalized for US tax purposes 2,219 0 2,219 2,159 (25) 2,134
of which: related to compensation and benefits 1,080 (179) 901 1,150 (192) 959
of which: related to trading assets 99 (5) 93 390 (50) 339
of which: related to investments in subsidiaries and goodwill 6 0 6 202 0 202
of which: other 782 (429) 353 670 (298) 372
Total deferred tax assets 19,011 (9,474) 9,537 19,659 (9,554) 10,105
Deferred tax liabilities
Goodwill and intangible assets 29 26
Cash flow hedges 156 0
Other 126 62
Total deferred tax liabilities 311 88
1 Less deferred tax liabilities as applicable.
Disclosure of unrecognized tax loss carry-forwards
Unrecognized tax loss carry-forwards
USD million31.12.1931.12.18
Within 1 year 13 0
From 2 to 5 years 609 464
From 6 to 10 years 14,712 16,297
From 11 to 20 years 4,030 4,457
No expiry 18,364 17,210
Total 37,728 38,428
UBS AG  
Disclosure Of Income Taxes [Line Items]  
Disclosure Of Income Tax By Geographical Areas Explanatory
For the year ended
USD million31.12.1931.12.1831.12.17
Tax expense / (benefit)
Swiss
Current 336 434 408
Deferred 246 2,326 91
Total Swiss 582 2,760 499
Non-Swiss
Current 402 537 435
Deferred 214 (1,952) 3,308
Total non-Swiss 616 (1,415) 3,743
Total income tax expense / (benefit) recognized in the income statement 1,198 1,345 4,242
Disclosure of tax expense/(benefit) recognized and its relationship with accounting profit [text block]
For the year ended
USD million31.12.1931.12.1831.12.17
Operating profit / (loss) before tax 5,169 5,458 5,076
of which: Swiss 2,297 1,427 1,911
of which: non-Swiss 2,872 4,031 3,165
Income taxes at Swiss tax rate of 20.5% for 2019 and 21% for 2018 and 2017 1,060 1,146 1,066
Increase / (decrease) resulting from:
Non-Swiss tax rates differing from Swiss tax rate 72 68 230
Tax effects of losses not recognized 131 222 173
Previously unrecognized tax losses now utilized (265) (25) (368)
Non-taxable and lower taxed income (305) (419) (306)
Non-deductible expenses and additional taxable income 713 883 588
Adjustments related to prior years – current tax 1 114 (14)
Adjustments related to prior years – deferred tax (6) 27 6
Change in deferred tax recognition (293) (802) (165)
Adjustments to deferred tax balances arising from changes in tax rates (9) 0 2,897
Other items 99 130 135
Income tax expense / (benefit) 1,198 1,345 4,242
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits Explanatory
USD million31.12.1931.12.18
Deferred tax assets1GrossValuationallowanceRecognizedGrossValuationallowanceRecognized
Tax loss carry-forwards 14,826 (8,861) 5,965 15,088 (8,989) 6,099
Temporary differences 4,158 (610) 3,548 4,526 (559) 3,967
of which: related to real estate costs capitalized for US tax purposes 2,219 0 2,219 2,159 (25) 2,134
of which: related to compensation and benefits 1,075 (179) 896 1,146 (192) 954
of which: related to trading assets 99 (5) 93 390 (50) 339
of which: related to investments in subsidiaries and goodwill 0 0 0 179 0 179
of which: other 765 (426) 340 653 (292) 361
Total deferred tax assets 18,984 (9,471) 9,513 19,614 (9,548) 10,066
Deferred tax liabilities
Goodwill and intangible assets 29 26
Cash flow hedges 156 0
Other 126 62
Total deferred tax liabilities 311 88
1 Less deferred tax liabilities as applicable.
Disclosure of total recognized and unrecognized deferred tax assets ("Gross") and unrecognized deferred tax assets ("Valuation Allowance") [text block]
USD million31.12.1931.12.18
Deferred tax assets1GrossValuationallowanceRecognizedGrossValuationallowanceRecognized
Tax loss carry-forwards 14,826 (8,861) 5,965 15,088 (8,989) 6,099
Temporary differences 4,158 (610) 3,548 4,526 (559) 3,967
of which: related to real estate costs capitalized for US tax purposes 2,219 0 2,219 2,159 (25) 2,134
of which: related to compensation and benefits 1,075 (179) 896 1,146 (192) 954
of which: related to trading assets 99 (5) 93 390 (50) 339
of which: related to investments in subsidiaries and goodwill 0 0 0 179 0 179
of which: other 765 (426) 340 653 (292) 361
Total deferred tax assets 18,984 (9,471) 9,513 19,614 (9,548) 10,066
Deferred tax liabilities
Goodwill and intangible assets 29 26
Cash flow hedges 156 0
Other 126 62
Total deferred tax liabilities 311 88
1 Less deferred tax liabilities as applicable.
Disclosure of unrecognized tax loss carry-forwards
Unrecognized tax loss carry-forwards
USD million31.12.1931.12.18
Within 1 year 13 0
From 2 to 5 years 609 464
From 6 to 10 years 14,712 16,297
From 11 to 20 years 4,030 4,457
No expiry 18,364 17,210
Total 37,728 38,428