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Old 09.07.2008, 09:01
renmaris renmaris is offline
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Re: Vaud net income calculation

Credit Suisse has a link (see below) to a tax calculator that can work out your approximate tax burden according to the commune you live in. Note in Switzerland you pay tax to the commune, the canton and to the Federal government and so where you live makes a difference to the tax rate because different communes levy very different rates of tax.

The calculator enables you to include various deductions but for someone employed by a company, the standard ones are contributions to the Swiss Pension scheme (AVS) which is obligatory, Pension contributions to your company (if there is a pension scheme), # of children and an estimate of the amount you will spend going to and from work (basically how far you live times an allowance per kilometer). If you have other sources of income (e.g. a spouse working) then that will affect the amount of tax.

You are also taxed on your fortune albeit at a very low rate, so when you arrive you'll be asked to fill out a form that lists your assets and your liabilities. If you have property, it can get quite complicated and I'd recommend getting professional advice.

Finally, your HR department will likely provide you an estimate of your tax burden. If you earn less than a certain amount (I think it is CHF 150,000 p.a.) then they will deduct at source. Otherwise, you will be responsible for sending the tax office the appropriate amount every month.
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