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Income taxes | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Income taxes | Note 36. Income taxes The components of income before income taxes are as follows: Income Taxes - Schedule of Components of Income before Income Taxes
Income / (Loss) | 12 months ended December 31,
USD'000 | 2022 |  | 2021 |  | 2020
Switzerland Switzerland | 16,314 |  | (14,756) |  | (22,277)
Foreign Foreign | (3,269) |  | (8,703) |  | (6,621)
Income/(loss) before income tax from continuing operations | (13,045) |  | (23,459) |  | (28,898)
Income taxes relating to the Group are broken down as follows: Income Taxes - Schedule of Income Tax Expense
Income taxes | 12 months ended December 31,
USD'000 | 2022 |  | 2021 |  | 2020
Switzerland | - |  | - |  | -
Foreign | 3,238 |  | (13) |  | (9)
Income tax income / (expense) from continuing operations | 3,238 |  | (13) |  | (9)
The difference between the income tax recovery (expense) at the Swiss statutory rate compared to the Group’s income tax recovery (expense) as reported is reconciled below: Income Taxes - Schedule of Income Tax Expense at the Swiss Statutory Rate
| 12 months ended December 31,
USD'000 | 2022 |  | 2021 |  | 2020
Net income/(loss) from continuing operations before income tax | (13,045) |  | (23,459) |  | (28,898)
Statutory tax rate | 14% |  | 14% |  | 14%
Expected income tax (expense)/recovery | 1,825 |  | 3,282 |  | 4,043
Change in valuation allowance | (3,129) |  | (2,849) |  | (631)
Change in tax loss carryforwards | 5,760 |  | (341) |  | (3,411)
Add back loss carryforwards used for the debt remission by WISeKey Semiconductors SAS | 1,342 |  | - |  | -
Permanent Difference | (2,560) |  | (105) |  | (10)
Income tax (expense) / recovery from continuing operations | 3,238 |  | (13) |  | (9)
The Group assesses the recoverability of its deferred tax assets and, to the extent recoverability does not satisfy the “more likely than not” recognition criterion under ASC 740, records a valuation allowance against its deferred tax assets. The Group considered its recent operating results and anticipated future taxable income in assessing the need for its valuation allowance. The Group’s deferred tax assets and liabilities consist of the following: Income Taxes - Schedule of Deferred Tax Assets and Liabilities
Deferred income tax assets/(liabilities) | As at December 31, |  | As at December 31,
USD'000 | 2022 |  | 2021
Switzerland | - |  | -
Foreign | 3,295 |  | 1
Deferred income tax assets/(liabilities) | 3,295 |  | 1
Deferred tax assets and liabilities | As at December 31, |  | As at December 31,
USD'000 | 2022 |  | 2021
Stock-based compensation | - |  | 92
Defined benefit accrual | 161 |  | 748
Tax loss carry-forwards | 20,759 |  | 14,999
Add back loss carryforwards used for the debt remission by WISeKey Semiconductors SAS | 1,342 |  | -
Valuation allowance | (18,967) |  | (15,838)
Deferred tax assets / (liabilities) | 3,295 |  | 1
As of December 31, 2022, the Group’s operating cumulated loss carry-forwards of all jurisdictions for its continuing operations are as follows: Income Taxes - Schedule of Operating Loss Carryforward Spain France UK Gibraltar India Saudi Arabia USA Vietnam
Operating loss-carryforward as of December 31, 2022 |  |  |  |
USD'000 | USA | Switzerland | Spain | France | UK | India | Vietnam | Saudi Arabia | Gibraltar | Total
2023 | - | 9,710 | 197 | 14,396 | 28 | - | - | 24 | 4 | 24,359
2024 | - | 5,594 | 1,144 | - | 2 | - | - | 39 | - | 6,779
2025 | - | 10,248 | 1,173 | - | 1 | 78 | - | - | - | 11,500
2026 | - | 6,048 | - | - | 1 | 312 | - | - | - | 6,361
2027 | - | 20,921 | - | - | 2 | 240 | 3 | - | - | 21,166
2028 | - | 25,803 | - | - | 1 | 146 | - | - | - | 25,950
2029 | - | 51,751 | - | - | - | 72 | - | - | - | 51,823
2030 | - | - | - | - | - | 54 | - | - | - | 54
2031 | - | - | 22 | - | - | 29 | - | - | - | 51
2032 | 21 | - | 22 | - | - | - | - | - | - | 43
2033 | - | - | 66 | - | - | - | - | - | - | 66
2034 | - | - | 76 | - | - | - | - | - | - | 76
2035 | 247 | - | 86 | - | - | - | - | - | - | 333
2036 | - | - | 176 | - | - | - | - | - | - | 176
2037 | 159 | - | 98 | - | - | - | - | - | - | 257
2038 | - | - | 155 | - | - | - | - | - | - | 155
2039 | 220 | - | 165 | - | - | - | - | - | - | 385
2040 | 90 | - | - | - | - | - | - | - | - | 90
2041 | - | - | - | - | - | - | - | - | - | -
2042 | 45 | - | - | - | - | - | - | - | - | 45
Total operating loss carry-forwards / Year of expiration if applicable to jurisdiction
| 782 | 130,075 | 3,380 | 14,396 | 35 | 931 | 3 | 63 | 4 | 149,669
The following tax years remain subject to examination: Income Taxes - Summary of Income Tax Examinations
Significant jurisdictions | Open years
Switzerland | 2017 - 2022
USA | 2021 - 2022
France | 2020 - 2022
Spain | 2018 - 2022
Japan Japan | 2022
Taiwan Taiwan | 2022
India | 2022
Germany | 2021 - 2022
UK | 2017 - 2022
Arabia | 2022
Vietnam | 2022
Gibraltar | 2022
As at December 31, 2022, WISeKey Semiconductors SAS had recorded a USD 39,901 tax provision following a tax audit started in 2018 in relation to prior years. Although the final conclusions have not yet been communicated formally, management believes that it is more probable than not that the entity will have to pay additional taxes and has calculated the provision based on preliminary discussions with the tax authorities. The Group has no unrecognized tax benefits.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI https://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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