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Old 09.02.2015, 00:46
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Withholding Tax

I'm due to make the move to Zurich for work in the next couple of months and am struggling a little with working out the taxation situation and estimating my takehome pay.

I understand I need to pay withholding tax but both the calculators that I'm aware of seem to have a maximum limit of 20000 CHF p/month. Is there some sort of special rules/circumstances that apply if you earn above this amount?

References:

http://www.estv2.admin.ch/d/dienstle...uerrechner.htm

and

https://en.comparis.ch/steuern/quell...r/default.aspx

Appreciate any help in explaining why these seem to cap out at 20k p/month.

Thx!

A.
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Old 09.02.2015, 01:02
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Re: Withholding Tax

As a consequence of the financial turmoil in the Eurozone, Switzerland recently introduced 100% income tax rates at the top income bracket, the threshold for which is CHF 240,000 p.a. This tax burden can be mitigated by deductions such as the CHF 4,200 allowed for alloy wheels for the winter tyres on four-door supercars and the rebate on champagne consumption exceeding 6 magnums per month.
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Old 09.02.2015, 01:09
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Re: Withholding Tax

thanks for the helpful reply....

I would think that there are a few people who hit this problem given swiss taxation seems to treat married couples as a 'single earner' for purposes of taxation?
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Old 09.02.2015, 05:19
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Re: Withholding Tax

How's your German? Perhaps you'll find this a little more helpful:

https://www.helvetia.com/ch/content/...150209031020:s

Input your annual income under "Steuerbares einkommen". Put the same figure for "Bund" as for "Kanton" (it'll be close enough; any differences are due to tax deductions available from the federal government and from the canton).

Guesstimate your worldwide wealth and input that (in CHF, of course) under "Vermögen". Note, a good accountant/Treuhand can make a lot of your non-cash assets "disappear" or at least reduce for wealth tax purposes.

The output is your income tax assuming no deductions. What you actually pay will be less, depending on how many supercars and magnums of champagne you can deduct.

HTH
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