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Old 18.08.2011, 20:20
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Quellensteuer / Tax limit

Hi everybody

I just got a nice juicy tax bill for 2009.

As a contractor I was under the impression that all my tax was taken out at source each month for up to 120.000 chf and anything i made after that I would have to pay tax on.

On my tax bill today it said steuerbar 115.100 chf.
So my question is ...which figure is it ?

Now if its 115.100...and i only received 114.000 chf net into my account or even base 116.000 chf .....surely i should nt pay any tax...ok 1000 in the case of base.

subsequently when i check my gross its 123.000chf.

My bill is for 8200chf.

I would really appreciate any help to figure this out...

thanks in advance
Iste
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  #2  
Old 18.08.2011, 20:35
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Re: Quellensteuer / Tax limit

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Hi everybody

I just got a nice juicy tax bill for 2009.

As a contractor I was under the impression that all my tax was taken out at source each month for up to 120.000 chf and anything i made after that I would have to pay tax on.

On my tax bill today it said steuerbar 115.100 chf.
So my question is ...which figure is it ?

Now if its 115.100...and i only received 114.000 chf net into my account or even base 116.000 chf .....surely i should nt pay any tax...ok 1000 in the case of base.

subsequently when i check my gross its 123.000chf.

My bill is for 8200chf.

I would really appreciate any help to figure this out...

thanks in advance
Iste
If you received 114 into your account your gross must be WAY higher, deductions AVS;AV,Pension & some tax.

Have you filled in a tax return? do you have a partner that works? Do an online tax comparison
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Old 18.08.2011, 20:42
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Re: Quellensteuer / Tax limit

Hi fatman

thanks first of all. my gross salary (ahv +tax ) was 123.000chf.

My all inclusive amount was 155000chf....but then all deductions come so gross is 123000chf ...and net is 114000chf...

I really dont know

cheers
Iste
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Old 18.08.2011, 20:48
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Re: Quellensteuer / Tax limit

Before you start sharing the rest of the contents of your underwear draw on the World Wide Web, for your mother, boss, co workers etc to see, and set in blue and white for the rest of eternity, have a short look through some of Richards old threads..

Canton Zurich Tax Return


Cantonal Tax Offices

Or even the Whole Lot(!)
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Old 18.08.2011, 20:52
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Re: Quellensteuer / Tax limit

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Hi fatman

thanks first of all. my gross salary (ahv +tax ) was 123.000chf.

My all inclusive amount was 155000chf....but then all deductions come so gross is 123000chf ...and net is 114000chf...

I really dont know

cheers
Iste
OK your gross is 35,000 over the limit, so you should fill in a tax return. You can then claim deductions for travel, training, Medical insurance interest on loans etc. However you will also be taxed on your worldwide income & Switzerland has a wealth tax.

The 8,500 is quite possibly in the ballpark. Living in ZH you would have a tax liability of approx 27000
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Old 18.08.2011, 20:52
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Re: Quellensteuer / Tax limit

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Hi fatman

thanks first of all. my gross salary (ahv +tax ) was 123.000chf.

My all inclusive amount was 155000chf....but then all deductions come so gross is 123000chf ...and net is 114000chf...

I really dont know

cheers
Iste
Nope! Your gross was 155k not 123k. What you need now is a tax consultant. There is a thread here for a whole bunch in Zurich.
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Old 18.08.2011, 20:53
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Re: Quellensteuer / Tax limit

It sounds like they are taking account of the difference between:

- the 115,000 CHF gross ceiling on which you were taxed at source,
- and your actual gross salary of 155,000 CHF.

In which case the figure of 8,200 CHF sounds OK to me. Or have I got something completely wrong ?

Edit: Others posted while I was writing this, but i think we are saying the same thing.
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  #8  
Old 19.08.2011, 08:50
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Re: Quellensteuer / Tax limit

I'm not going to start another thread, but I received one of these delightful things in the post yesterday as well. What I don't understand is how they can add on interest because it was unpaid. How was I supposed to have paid it if they haven't told me how much I owed before now?

Also, is it possible to pay in advance (to take advantage of them having to pay me interest in case I overpay, rather than the current situation), as the Swiss do, and if so, how?
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Old 19.08.2011, 09:54
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Re: Quellensteuer / Tax limit

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I'm not going to start another thread, but I received one of these delightful things in the post yesterday as well. What I don't understand is how they can add on interest because it was unpaid. How was I supposed to have paid it if they haven't told me how much I owed before now?

Also, is it possible to pay in advance (to take advantage of them having to pay me interest in case I overpay, rather than the current situation), as the Swiss do, and if so, how?
Yes, they pay interest at 2% tax free. Now you have a payslip you can pay double if you want!
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Old 19.08.2011, 09:58
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Re: Quellensteuer / Tax limit

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Yes, they pay interest at 2% tax free.
Yeah, but how? Should I just give the money to you?

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Now you have a payslip you can pay double if you want!
Actually you can get in trouble if you knowingly pay too much to the point you are taking the piss (although I'm sure that's not how it is phrased in law). Edit: Ah, I see what you are saying. That I could use the paying in slip for this tax bill to pay extra now, insulating myself for next year. Yeah, probably so...

Last edited by ARandomUsername; 19.08.2011 at 10:44.
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Old 19.08.2011, 10:05
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Re: Quellensteuer / Tax limit

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Yeah, but how? Should I just give the money to you?


Actually you can get in trouble if you knowingly pay too much to the point you are taking the piss (although I'm sure that's not how it is phrased in law).
I have used them as a high interest account in the past, you can ask them in English at the ZH tax office to transfer the money to next year, or they will even pay out the same day. Interest is added next time they do a statement.

Being a C permit holder I should pay in 3 installments or 1 large payment. About 10 years ago I made 3 large payments early! This had the advantage of not showing up as wealth for wealth taxes & I received tax free interest at 2%.

Paying the same payslip online 3 month running is clearly a 'missunderstanding' I don't speak German.
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Old 19.08.2011, 10:15
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Re: Quellensteuer / Tax limit

regarding the wealth tax, what stops you from just pulling out nearly all your savings around sept/oct and then put it back in the new year?
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Old 19.08.2011, 10:26
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Re: Quellensteuer / Tax limit

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regarding the wealth tax, what stops you from just pulling out nearly all your savings around sept/oct and then put it back in the new year?
ZH tax office pays 2% tax free, which is the best rate AFAIK. 31st December is the Magic date.

Nothing to stop you , but what is the benefit, they are also more likely to realise your taking the piss!
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Old 19.08.2011, 10:42
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Re: Quellensteuer / Tax limit

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Being a C permit holder I should pay in 3 installments or 1 large payment.
Yes, but I'm not. I have to pay quellensteuer. Can I still make advance payments?
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Old 19.08.2011, 10:52
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Re: Quellensteuer / Tax limit

Pay as much as you can as early as you can. If you overpay - you'll get it back - at which point you overpay again.

2% is really rather nice amount to receive at the moment. Our tax bill was a bit scary when it arrived (or that is what the wife thought) - until I reminded her it was 1000chf less than I had predicted!!
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Old 19.08.2011, 11:00
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Re: Quellensteuer / Tax limit

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regarding the wealth tax, what stops you from just pulling out nearly all your savings around sept/oct and then put it back in the new year?
the fact that cash not in a bank is still counted as wealth for tax purposes.
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Old 19.08.2011, 11:47
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Re: Quellensteuer / Tax limit

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Yes, but I'm not. I have to pay quellensteuer. Can I still make advance payments?
As you now have a bill to pay yes, you have an 'account'.
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