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Old 29.07.2019, 15:31
bill_door bill_door is offline
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Re: Wealth tax on Swiss/foreign private company shares

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The tax percentage is based on 1000000 CHF, but actual wealth tax is only paid for Swiss company shares.

Please fix if i have not understood or explained this in a right way.
This is mostly correct. Just to clarify the 'combined rate' is applied to your FULL Swiss wealth, not just the Swiss Company part (e.g. including bank accounts).

By declaring the foreign asset though you draw attention to it and you need to verify DTT (double taxation treaties) between Switzerland and the tax authority of the non-Swiss component. You are correct that the asset itself in this case is not taxed, but do you receive a dividend/expenses/salary from this foregin asset? You will need to prove that you own the asset (Shareholder extract verified/signed/published by the board [CEO/CFO?] ) and then prove the items i just mentioned.
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