| Quote: | |  | |
| I'm a little confused about how the Quellensteuer is calculated vs. my annual tax liability (and what, if any, true-up happens between the two).
I received my first paycheque this month, and the withholding tax was LOTS%. This is much higher than I expected, but appears to be in line with the monthly tables provided on the BS website. My first monthly pay was much higher than normal because it included my relocation allowance, six-weeks pay instead of four (because I worked part of a month as well), and a number of other one-off payments.
If I read the tables at this website correctly:
http://www.steuerverwaltung.bs.ch/19...und_tarife.pdf
the Quellensteuer is based on your gross income in a given month.
For example, if I earned:- Sept: CHF 10000 (Quellensteuer 13.69%)
- Oct: CHF 10000 (Quellensteuer 13.69%)
- Nov: CHF 10000 (Quellensteuer 13.69%)
But if I earned:- Sept: CHF 30000 (Quellensteuer 25.6%)
- Oct: CHF 0 (Quellensteuer 0%)
- Nov: CHF 0 (Quellensteuer 0%)
Have I got this right? Depending on the phasing of when I receive my money, my overall tax burden is higher?
Is there a true-up at the end of the year (eg, both people have earned CHF 30k and therefore should have the same tax liability), or does one person end up paying 13.69% tax while the other person pays 25.6% tax because of the way the payments were phased? | |
| | |
The quoted example is exaggerated and unrealistic.
A taxpayer filing a normal return, might be assessed as follows:
October income =30K.
Equivalent annual income = 30x12 = 360k
Hence, pertinent tax rate is for 360k, which could well be 30% (I do not have the exact BS data)
So you are not paying more as TDS (Quellensteuer=Tax Deducted at Source).
Moreover, TDS payers do not need to declare global income and assets. Filing a proper tax return would require revealing all your assets and incomes, including those prior to coming here. Could be expensive
