INCOME AND CAPITAL TAXATION
TAXATION ON PROFIT FROM REAL ESTATE
On selling your real estate you have to submit a tax declaration for the tax on profit from real estate
irrespective if a profit or loss is realised. This includes individual
real estates as well as, in some Cantons real, estate of public limited
and limited companies.
INHERITANCE AND GIFT TAXATION
is applicable in Switzerland or abroad due to the double taxations
agreements, depending on the domicile of the deceased. Real estate is
taxable in the country where it is located.
Taxes and lump-sum benefits
Withdrawals of the 3a-savings and pension fund credits are specifically taxable. No tax return has to be submitted, as the information from the bank, insurances or pension funds is automatically transmitted to the tax authorities.
SOURCE TAXATION I
We offer advice on issues regarding withholding tax I and II.
For assets at the end of the year of more than:
- CHF 80'000 for individuals
- CHF 160,000 for married couples
and also in the case of an additional annual income from assets or abroad of more than:
- CHF 3'000
a tax return must always be filed, even if the annual gross income does not exceed CHF 120,000. This also applies to individuals with a B and L foreigner's certificate.
If you earn more than 120,000 p.a., you will be subject to regular taxation afterwards (cf. tax return). The withholding tax has the character of a monthly advance payment of taxes.
SOURCE TAXATION II
Artists, athletes, speakers or seminar leaders residing abroad are subject of a specific source tax. This tax is directly paid by the organiser.
If your income is high it can be financially worthwhile to submit a tax reimbursement claim. If you are resident in Switzerland your income and fees from abroad have to be included in your tax declaration, however, only influence the tax rate.
All taxpayers in Switzerland can reclaim the Swiss withholding tax on income from interest or securities.
For individuals resident in Switzerland the taxes on income from securities’ from EU-countries, EFTA-countries or the USA can partially be reclaim according to the interest tax agreements, which will only valid until the fiscal year 2016. As of 2017 these interest tax agreements will be replaced by the automatic information exchange (AIA).
We draft tax returns for limited companies, public limited companies, cooperatives and other legal entities. These are subject to the profit and capital tax. In addition, we can invoice the value added tax (VAT).
For further information regarding company taxation please consult www.meili-consulting.ch - our subsidiary specialised in company trust.