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| I think that, if you need a tax advisor, you should a professional who is licensed in the country whose taxes are relevant. There are threads on this forum recommending CH residents who are US-licensed tax advisors (a US "CPA" or US attorneys). | |
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He actually is an enrolled agent...
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| I am not sure I understand your question, and I can't help you regarding CH tax law. However, I suspect there is a misunderstanding: For the US, your contribution to a foreign pension is (generally) not tax-deductible, therefore it is not taxable on withdrawal. (Otherwise, you would be taxed twice on the same income.) Neither is the employer's contribution taxable on withdrawal (since you should have paid tax on it when contributed), and that leaves only the appreciation (interest). | |
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Sorry for not being clear, I was only talking about the US part of taxation. What I was trying to say: there are supposedly two ways (at least that is what I was told): either do NOT include any income related to 2nd/3rd pillar in the yearly tax return, but report everything at withdrawal as income, OR include the 2nd/3rd pillar amounts paid by the employee in the yearly income, and then deduct that portion once the withdrawal happens and only pay income tax on the employer's contribution + interest. So the first way would be easier from an administration perspective.
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| So, I would guess, the US tax will be lower than the CH tax, but you need to take a sharp pencil & paper, and do the arithmetic. | |
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Not sure what you mean by this?