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Old 13.11.2012, 22:05
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Witholding Tax/Taxes

Hi there, firstly i am sincerely sorry if this has already been answered but i cannot find a link and am now seriously stressed out, accepted job and got new HR department to tell me what my net salary would be after deductions including pension, accident etc, did all my figures based on this, but think i may have made one monumental **** up, because now i am thinking will i then have more tax to pay?i.e. reading that there are cantonal and federal taxes to pay. Am seriously confused now. What sort of % as an average would be the stoppages per month? I had based everything on about 23-30% total - any help to clarify this would be much appreciated.
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Old 13.11.2012, 22:07
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Re: Witholding Tax/Taxes

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Hi there, firstly i am sincerely sorry if this has already been answered but i cannot find a link and am now seriously stressed out, accepted job and got new HR department to tell me what my net salary would be after deductions including pension, accident etc, did all my figures based on this, but think i may have made one monumental **** up, because now i am thinking will i then have more tax to pay?i.e. reading that there are cantonal and federal taxes to pay. Am seriously confused now. What sort of % as an average would be the stoppages per month? I had based everything on about 23-30% total - any help to clarify this would be much appreciated.
where would you be working/living?
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Old 13.11.2012, 22:08
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Re: Witholding Tax/Taxes

If you're paying tax at source (Quellensteuer in the German speaking part of CH), then what they've quoted you will be pretty much it. Cantonal and federal taxes are not charged separately - the tax office deals with all that.

Relax. You certainly won't be saying goodbye to 30% of your income before you see it, not in Switzerland.
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Old 13.11.2012, 22:11
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Re: Witholding Tax/Taxes

Rest easy!

For the first 5 years your company take the tax from your pay packet, at an average cantonal rate.

After 5 years it depends on your permit status. If you have a 'C' permit then you can claim more back, but you often pay more tax, here is a calculator,

http://www.homegate.ch/finance/calcu...efault&level4=
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Old 13.11.2012, 22:22
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Re: Witholding Tax/Taxes

Yes, don't worry. Your net salary is what you will have after all the necessary Swiss deductions including tax at source. You will need to allow for health insurance as that is mandatory, but you should get a small reduction on that because most employers cover some or all of the accident side of the insurance.
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Old 13.11.2012, 23:58
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Re: Witholding Tax/Taxes

comparis.ch also has a quellensteuer calculator in english at

http://en.comparis.ch/steuern/quelle...r/default.aspx

note however this just covers all the direct taxes and not the social insurance amounts and pensions that your HR illustration shows

if you are earning more than 120kchf, sbrinz is comment is not quite true, as you fill out tax return and do a "true up" from the get go.
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Old 14.11.2012, 08:58
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Re: Witholding Tax/Taxes

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if you are earning more than 120kchf, sbrinz is comment is not quite true, as you fill out tax return and do a "true up" from the get go.
It depends on which Canton you live in.
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Old 14.11.2012, 09:05
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Re: Witholding Tax/Taxes

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It depends on which Canton you live in.
First I heard of that, but not challenging it either. A list would be a useful addition to the forum :-)

Also surprised, as there is a federal component to the quellensteuer...

Last edited by dannyt986; 14.11.2012 at 09:06. Reason: Comment about federal component.
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Old 14.11.2012, 09:14
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Re: Witholding Tax/Taxes

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If you're paying tax at source (Quellensteuer in the German speaking part of CH), then what they've quoted you will be pretty much it. Cantonal and federal taxes are not charged separately - the tax office deals with all that.

Relax. You certainly won't be saying goodbye to 30% of your income before you see it, not in Switzerland.
That would depend which canton you live in. It's perfectly possible for high earners here in Neuchâtel to kiss goodbye to 30% (and more) of their salary before they see it. That's why many people here live in neighbouring cantons and commute.
We (un)fortunately do not fall into that category.
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Old 14.11.2012, 09:15
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Re: Witholding Tax/Taxes

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It depends on which Canton you live in.
Indeed, it was 100k in Ticino back in the day, don't know what it is these days.

Tom
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Old 14.11.2012, 10:17
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Re: Witholding Tax/Taxes

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First I heard of that, but not challenging it either. A list would be a useful addition to the forum :-)

Also surprised, as there is a federal component to the quellensteuer...
The limit is CHF500k in Geneva.
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