Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #1  
Old 15.01.2013, 12:30
Newbie 1st class
 
Join Date: Jan 2013
Location: Zurich
Posts: 29
Groaned at 0 Times in 0 Posts
Thanked 9 Times in 6 Posts
Jayz has no particular reputation at present
Tax refund question

Hi,

New poster so please be gentle

I relocated to Zurich in Mid November 2011 on a renewable contract (puts me on an L permit if that is relevant), paying withholding tax.

In November 2012 I received a reminder asking me to submit my tax return for 2011. I (or rather a German speaking friend) rang them up and explained that I had never received a return to complete and they sent me a duplicate form.

I completed all the forms and returned them at the start of December (sent recorded delivery, so I know they received them) and have heard nothing from them since.

The annual salary statement that I had from my employer showed that in the 2.5 months I paid around 5000fr withholding tax and when I checked the federal and cantonal tax rates at the back of the booklet they sent with the return, it looks like my tax liability should be only around 500fr.

My question is should I be entitled to a refund of the overpaid tax and if so how long does it normally take for them to process?
Reply With Quote
  #2  
Old 15.01.2013, 13:31
Tim8803's Avatar
Senior Member
 
Join Date: May 2011
Location: Zürich
Posts: 423
Groaned at 2 Times in 2 Posts
Thanked 445 Times in 204 Posts
Tim8803 has earned the respect of manyTim8803 has earned the respect of manyTim8803 has earned the respect of many
Re: Tax refund question

I have my tax deducted at source and expect a small refund for 2011. Submitted my tax return in May last year and have not heard a single thing yet. So it's not going to be quick. Good news is you get interest on any refund owed to you.
Reply With Quote
  #3  
Old 15.01.2013, 13:35
adrianlondon's Avatar
Forum Legend
 
Join Date: Nov 2009
Location: Basel
Posts: 7,958
Groaned at 153 Times in 135 Posts
Thanked 19,310 Times in 5,257 Posts
adrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond repute
Re: Tax refund question

Don't forget that your tax liability won't be spread over the entire year, but for the 1.5 months (friom mid November 2011 when you arrived til the end of the year) that you were resident in Switzerland.

In other words, they will take what you earned over 1.5 months and multiply it by 8, and work out your "yearly" amount based on that.
Reply With Quote
  #4  
Old 15.01.2013, 15:46
AbFab's Avatar
Forum Legend
 
Join Date: Sep 2006
Location: Züri Oberland
Posts: 6,080
Groaned at 291 Times in 189 Posts
Thanked 6,858 Times in 2,466 Posts
AbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond repute
Re: Tax refund question

Don't expect to hear anything for some months or even a year after submitting your tax form. That's how it is...
Reply With Quote
  #5  
Old 15.01.2013, 16:55
Newbie 1st class
 
Join Date: Jan 2013
Location: Zurich
Posts: 29
Groaned at 0 Times in 0 Posts
Thanked 9 Times in 6 Posts
Jayz has no particular reputation at present
Re: Tax refund question

Quote:
View Post
Don't forget that your tax liability won't be spread over the entire year, but for the 1.5 months (friom mid November 2011 when you arrived til the end of the year) that you were resident in Switzerland.

In other words, they will take what you earned over 1.5 months and multiply it by 8, and work out your "yearly" amount based on that.
I actually mistyped - it was mid-October when I arrived, so it is actually 2.5 months.

I'm not sure that I fully understand what you are saying though. Are you saying that even though I only earned 39,000fr in the tax year in this country (I had earnings in the UK previous to that, but they were obviously taxed in the UK), that when they assess my tax liability in the tables at the back, that I will be taxed based on an assumed annual salary of 200,000+fr, even though I didn't earn that money?
Reply With Quote
  #6  
Old 15.01.2013, 17:24
adrianlondon's Avatar
Forum Legend
 
Join Date: Nov 2009
Location: Basel
Posts: 7,958
Groaned at 153 Times in 135 Posts
Thanked 19,310 Times in 5,257 Posts
adrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond repute
Re: Tax refund question

Quote:
View Post
I'm not sure that I fully understand what you are saying though. Are you saying that even though I only earned 39,000fr in the tax year in this country (I had earnings in the UK previous to that, but they were obviously taxed in the UK), that when they assess my tax liability in the tables at the back, that I will be taxed based on an assumed annual salary of 200,000+fr, even though I didn't earn that money?
Not quite. You will pay 2.5/12 the amount of tax that someone who earnt that would pay.

So if someone earning 200,000 pays tax at 20% and someone earning 39000 pays tax at 8% (made up numbers) then they would tax you at 20%.
Reply With Quote
  #7  
Old 16.01.2013, 09:21
Newbie 1st class
 
Join Date: Jan 2013
Location: Zurich
Posts: 29
Groaned at 0 Times in 0 Posts
Thanked 9 Times in 6 Posts
Jayz has no particular reputation at present
Re: Tax refund question

Thanks again adrian (unfortunately it looks like as a Newbie I can't give you forum thanks)

OK, so they base your tax rate on your assumed annual earnings.

I guess I've just learnt another Swiss bureaucratic quirk
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
A question on the tax refund bluefox Leaving Switzerland 8 08.11.2012 14:31
Tax Refund bigblue2 Finance/banking/taxation 17 31.05.2012 20:20
Tax refund basel city Leaving Switzerland 3 01.02.2011 09:32
Tax refund Zurich jsm66 Finance/banking/taxation 1 15.02.2010 14:15


All times are GMT +1. The time now is 19:47.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0