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  #21  
Old 05.03.2008, 22:01
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Re: How to do your tax return Kt ZH

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Hi,
or if it's a "definitive Schlussrechnung" which has to be paid within 30 days or else you'll have to pay 4,5% interest.
"definitive Schlussrechnung" is the binding assessment . You must appeal within 30 days, if you think it is incorrect. And you must pay within 30 days, even if appealing.
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  #22  
Old 06.03.2008, 08:11
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Re: How to do your tax return Kt ZH

First thing: Many thanks to Richard for this useful post (the thanks button appears to be gone).

Last year I used a Treuhand, but armed with that completed form and this thread, I felt I was able to do my tax return myself.

But I have a question about the bit on the ZH tax return about shares.

First, I did not get a statement from Swissquote at year end, so presumably the Zürich authorities are going to trust whatever I tell them - I couldn't find a "request a statement for tax purposes" option on the Swissquote web site. Or what should I do?

Second, shares values change all the time, so what number would one put down for the shares' value? Logic states this is just the price I paid for them. But this is a tax form, so logic need not apply.

The Lohnausweis I got from my employer had a very different format this year. Is the Lohnausweis a standard document?
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  #23  
Old 06.03.2008, 18:06
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Re: How to do your tax return Kt ZH

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The Lohnausweis I got from my employer had a very different format this year. Is the Lohnausweis a standard document?
Yes, new format for 2007 and later salary certificates. Reflects new rules on taxation of fringe benefits.
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  #24  
Old 06.03.2008, 18:17
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Re: How to do your tax return Kt ZH

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But I have a question about the bit on the ZH tax return about shares.

First, I did not get a statement from Swissquote at year end, so presumably the Zürich authorities are going to trust whatever I tell them - I couldn't find a "request a statement for tax purposes" option on the Swissquote web site. Or what should I do?

Second, shares values change all the time, so what number would one put down for the shares' value? Logic states this is just the price I paid for them. But this is a tax form, so logic need not apply.
You must enter the share purchase price and also the value as on 31-Dec-2007. That is relevant to determine your wealth at year end. Your broker must tell you the asset value at year-end. The tax authorities have their own database of share prices at year-end, which may be accessible.

If you sold any shares during 2007, then you must show both the purchase price and the actual sell price. Capital gains is supposedly tax-free. But, under certain circumstances, the tax-office may deem the profit to be income.

If you received any dividends in 2007, then you must show it as income. Of course, you then become entitled to refund of withholding tax.
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  #25  
Old 06.03.2008, 18:42
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Re: How to do your tax return Kt ZH

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First, I did not get a statement from Swissquote at year end, so presumably the Zürich authorities are going to trust whatever I tell them - I couldn't find a "request a statement for tax purposes" option on the Swissquote web site. Or what should I do?

Second, shares values change all the time, so what number would one put down for the shares' value? Logic states this is just the price I paid for them. But this is a tax form, so logic need not apply.
Login to Swissquote, then login further to 'Login Bank' and then look at your mailbox. There you should find both your end of year statement and the custody fees, which you set as an expense against income.

The value and quantity is as at December 31st each year...
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  #26  
Old 25.03.2008, 18:53
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Re: How to do your tax return Kt ZH

I found out today the tax deadline in Bern is 15th of March!

Goes to show that I should have realized most forum info is Zurich centered and I must not assume the rest of Switzerland follows the same trends! So I have missed the deadline, I hope most of the Bern members and people in other kantons with different deadlines here have been cleverer than me . (I did not receive a form).

Last edited by muze7; 26.03.2008 at 00:05.
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  #27  
Old 25.03.2008, 22:36
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Re: How to do your tax return Kt ZH

Yes, each canton has its own deadline. It is printed on top of the pertinent form.
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  #28  
Old 25.03.2008, 23:49
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Re: How to do your tax return Kt ZH

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Hi,
With Staats- und Gemeindesteuer it depends: If it's a "provisorische Rechnung" or "Zahlungsempfehlung" -> you can pay whenever you want, but the earlier you pay the more interest you'll get...
In the canton Aargau even the "provisorische Rechnung" is mandatory to pay, without the possibility to appeal.

So i guess this depends a lot at where you live.
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  #29  
Old 26.03.2008, 09:43
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Re: How to do your tax return Kt ZH

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In the canton Aargau even the "provisorische Rechnung" is mandatory to pay, without the possibility to appeal.

So i guess this depends a lot at where you live.
Nowhere you can legally challenge a provisional assessment! The basis is not yet decided. So the facts are unavailable for contesting.

If you feel that the provisional assessment (usually an extrapolation of the previous year) is completely wrong, you can always have a friendly word with the tax officers and explain. They are intelligent people and generally helpful.

Unless you have a cash crunch, better to pay and enjoy the tax-free interest from the tax office.
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  #30  
Old 29.03.2008, 23:55
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Re: How to do your tax return Kt ZH

Given that the deadline for filing the tax return or for extending the deadline is approaching (March 31), I thought this great thread deserves all the boosts it can get.

Here is the address for the extension if you live in Zurich:

https://e-gov.stzh.ch/efristen/servlet/FSIServlet

You just have to fill in some numbers from your tax form and choose how long you want the extension to be.
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  #31  
Old 11.04.2008, 22:29
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Re: How to do your tax return Kt ZH

And once again, the $£*?!%& Swiss have proven their superior intelligence - not.



Today I receive in my cute little Swiss mailbox a cute little envelope postmarked April 8.

And what does it contain? A whole bunch of *@#+?$ tax forms which I have to submit by *** drum roll *** March 31, 2008.



Going drinking now, will worry about it at a later time. Gawd I hate this place.
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  #32  
Old 12.04.2008, 06:29
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Re: How to do your tax return Kt ZH

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And once again, the $£*?!%& Swiss have proven their superior intelligence - not.



Today I receive in my cute little Swiss mailbox a cute little envelope postmarked April 8.

And what does it contain? A whole bunch of *@#+?$ tax forms which I have to submit by *** drum roll *** March 31, 2008.



Going drinking now, will worry about it at a later time. Gawd I hate this place.
If this is your first, it won't be a problem...
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  #33  
Old 12.04.2008, 13:37
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Re: How to do your tax return Kt ZH

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And once again, the $£*?!%& Swiss have proven their superior intelligence - not.



Today I receive in my cute little Swiss mailbox a cute little envelope postmarked April 8.

And what does it contain? A whole bunch of *@#+?$ tax forms which I have to submit by *** drum roll *** March 31, 2008.



Going drinking now, will worry about it at a later time. Gawd I hate this place.
March 31 is the default deadline. You can easily get the deadline extended by several months.
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  #34  
Old 30.09.2008, 17:47
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Re: How to do your tax return Kt ZH

Hello.
With regard: "If you are daft you can also add in your international account values..."
Is there any limit below which you don't need to add this?
Example: bank account in another European country, total amount lower than 3000 euros, taxes already paid in that country (the bank does it automatically).
Thanks,
Mary

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Sorry if I have done this before but well I keep getting asked...

Here is my short expose: how to fill in the Zurich tax form via Private tax.
Firstly you are requested to fill in personal details. That should not be so difficult. Dont forget the important ones such as Konfession aka religion and Zivilstand.
Next click the number 2 sheet.
Take your Lohnausweis that your company sent you probably in Feb. Get the value at the top in the third box, I think, for NettoLohn II. If you have not worked the whole year you must click the red box and say from when you have worked. Same if you have more than one employer
Ditto Wife.
If you worked as a sole trade then the next bit is also relevant but I guess that does not apply.
3.1 & 3.2 leave blank
If at any stage unemployed then you fill in the value for 3.3 - note this is not part of a salary hence does not go further up.
4. Click on the red bit you are going to be filling in some parts here. You need to enter your account information and values of shares that you have. This is according to the bank sheets issued for the value on 31.12.2006. Read the difference between having the value in column A and column B. If the account has had withholding tax then it is column A otherwise B. A therefore includes all bank accounts and all shares that have paid dividends or not. Column B is interest on tax repayments(!), Swiss loans and lottery wins. If you are daft you can also add in your international account values...
5. Covers other income for example for children from an ex wife (note directon she pays you) 5.1/5.2 or if you have received a bequest 5.3 or anything else 5.4.
5.5 ignore does not apply.
6. Have you a house if so it goes here. Note this covers both your house 6.1 to 6.3 and others 6.4
7 is the sum of the incomes.
Now starts the fun...
Next page starts at 11. Cost of working. If you click on the little red page on the right...
1.1 Abo for public transport if you have one GA for example you can book here.
1.3 allows you to claim mileage in your car for getting to work.
2.1 Have you got a canteen at work. If so here you put 1500 in box 206. If not then you put 3000 in box 208. If you have a mix ie canteen at work and you were away from your normal workplace for 50 days without a canteen then you put 170*7 in box 206 and 70*14 in box 208.
2.2 you don't work shifts
3. If your salary is more than 126500 you put in the box 1 on page 2 at the start 3800 otherwise 3% of your salary. If you are self employed this can change but as a non-self employed non-specialist clothed guy you are going to have to settle for 3800.
4. If you have done training relevant to your job and paid yourself you can claim the costs in box 215 otherwise you put 400 in box 214 -
By both 3 and 4 it fills the pauschal in for you and it is only if you want to claim something else that you need to change this.
If you have claimed the fee for the Km travelled and not with public transport you need to justify this. Note here if you live "in the sticks" and there is a time difference ôf over 1 hour or maybe you need to work past 8pm and the buses home stop then you must state your reasons for claiming the km and not the abo amount here. You need to check to see which one fits your needs better if you are able to claim ie with which one can you reduce your taxable income the most - so don't just claim the train fee if you can claim driving. The best is almost always by driving...
Now on to other deductions.
12 Interest on debts.
13. If you have kids and wife from earlier and are paying them monies then this goes in here.
14. Here you put in 6365 for your 3rd pillar which you clearly have.
15. Click on the little green button and state how much you have paid for health insurance and life insurance and other insurance. Remember you will need to send copies of the policies.
16.1 Have you made extra payments to your company pension scheme. This is useful if you have received a big bonus you simply buy available capacity in your pension scheme (if you have any)
16.2 No you have not given money to the SVP...
16.3 Do you pay anyone to look after your money? Thinking here about bank charges - you deduct these here.
16.4 Have you had an accident and needed to use taxis to get to work - If so deduct here.
16.5 MAde a win selling a house? If so put the difference in here. If your business is buying and selling houses then you needed to have filled in as self employed anyway.
16.6 Not likely that you are going to make an entry here...
17 wife works enter the max permitted for each column.
The program then transfers all the figures you have entered thus far. You can claim extra in 22.1 if you have had an accident or illness that has actually cost you more than 5% of your income.
22.2 is for donations to charity or anything to do with the State structure ie canton gemeinde etc.
24. Got kids you get to see their real value here 6800 francs each wow... Note it does not matter whether they live with you or not.
26 Do get income from non moveable things in other cantons ie houses. If so you can choose to be taxed there instead.
26.2 You can try and claim for a reduction from declared income from abroad. For this you are going to need to show the authorities you have paid tax on the income or have at least declared it to the local tax authorities so that you have an official statement to give them.
Next page savings...
30.1 it brings over for you.
You need to fill in 30.4 if you own a car - they calculate the value
Don't fill in anything else unless you already have or the authorities will find out or you are already claiming against it...
31 If you own a house you need here to fill in its official insurance value. And in 31.2 it takes the values you filled in earlier for all the houses you own.
31.3 If you bought a forest or land then it is taxed according to what you paid for it.
32 You are not self employed so move on.
33 are your debts transferred over.
40 is interesting. If you cash in any of your old age savings plans say to buy a house then they are taxable and the amounts have to be entered here.

The next thing you do is make sure you have all the documents you need ie lohnausweis, bank statements, 3rd pillar etc and then print the lot out sign it and put it in an envelope.
Job done go have a beer.
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  #35  
Old 30.09.2008, 23:11
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Re: How to do your tax return Kt ZH

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Hello.
With regard: "If you are daft you can also add in your international account values..."
Is there any limit below which you don't need to add this?
Example: bank account in another European country, total amount lower than 3000 euros, taxes already paid in that country (the bank does it automatically).
Thanks,
Mary

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Any income and any asset above 1 Franc must be shown.
You can show the after-tax income.
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  #36  
Old 01.10.2008, 11:22
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Re: How to do your tax return Kt ZH

Thanks. Does it mean that I am taxed twice?



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Any income and any asset above 1 Franc must be shown.
You can show the after-tax income.
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  #37  
Old 01.10.2008, 16:53
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Re: How to do your tax return Kt ZH

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Thanks. Does it mean that I am taxed twice?
no, not if

a) a double-tax agreement exists between the country and Switzerland
b) you complete the appropriate forms to apply the credit equivalent to the tax paid in the other country

So you don't pay double-tax.
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  #38  
Old 01.10.2008, 19:59
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Re: How to do your tax return Kt ZH

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no, not if

a) a double-tax agreement exists between the country and Switzerland
b) you complete the appropriate forms to apply the credit equivalent to the tax paid in the other country

So you don't pay double-tax.
There are several bilateral taxation agreements between Switzerland and other countries. Each agreement is different and must be studied to determine what relief from double taxation is available.

Many countries do not tax wealth but Switzerland does. So you might be liable for that here.
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  #39  
Old 03.10.2008, 14:29
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Re: How to do your tax return Kt ZH

Richard

if I set up savings accounts for the kids and deposit chf 100 in their accounts each month, is that part of my capital?

i.e. are the kids allowed to 'own' any cash?
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  #40  
Old 03.10.2008, 18:04
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Re: How to do your tax return Kt ZH

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Richard

if I set up savings accounts for the kids and deposit chf 100 in their accounts each month, is that part of my capital?

i.e. are the kids allowed to 'own' any cash?
Assets and income of husband, wife and all minor children are aggregated in a single tax assessment.
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