We have family income 7000 per month things are tight to save especially with young family. Most Swiss stock only pay dividend each year making cash flow tricky and but stock outside CH get hit with withholding taxes
Swizerland has a lot of treaties with other countries around double taxation. Germany and Ireland for instance are good examples, there no tax is withheld from dividends, so we only pay the Swiss withholding tax through declaring in our Swiss taxe return. For the Netherlands, Italy and many other countries you can fill in a form to send in with your tax return, so you can demand the double tax back from that country. It takes a lot of time and if you have a small portfolio it seems silly, but we should all do it. Too many people don't bother and thus it remains like it is. I hope one day the tax department and foreign countries get annoyed and just do the same as Germany and Ireland. Way easier for all parties involved. Thanks for your reply.
@ I must talk to the accountant see if he can do this next year for me when he does tax return. All my stocks are in USA and uk. Not well up on the Europe markets
Here is a link to the page of the Poor Swiss, where he explains everything well for US securities and others: thepoorswiss.com/file-your-taxes-swiss-foreign-securities/ For Switzerland, my canton operates completely different than his canton, but the principles are the same only the online platform is different.
Hi Joris, thank you for your transparency, it helps me to set realistic goals
Thanks you for the compliment. Hope you reach your goals 👍🏻.
We have family income 7000 per month things are tight to save especially with young family. Most Swiss stock only pay dividend each year making cash flow tricky and but stock outside CH get hit with withholding taxes
Swizerland has a lot of treaties with other countries around double taxation. Germany and Ireland for instance are good examples, there no tax is withheld from dividends, so we only pay the Swiss withholding tax through declaring in our Swiss taxe return. For the Netherlands, Italy and many other countries you can fill in a form to send in with your tax return, so you can demand the double tax back from that country. It takes a lot of time and if you have a small portfolio it seems silly, but we should all do it. Too many people don't bother and thus it remains like it is. I hope one day the tax department and foreign countries get annoyed and just do the same as Germany and Ireland. Way easier for all parties involved. Thanks for your reply.
@ I must talk to the accountant see if he can do this next year for me when he does tax return. All my stocks are in USA and uk. Not well up on the Europe markets
Here is a link to the page of the Poor Swiss, where he explains everything well for US securities and others: thepoorswiss.com/file-your-taxes-swiss-foreign-securities/
For Switzerland, my canton operates completely different than his canton, but the principles are the same only the online platform is different.