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  #21  
Old 17.11.2012, 10:50
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Re: incomes here and there - double taxes ?

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First you ask for advice now when the advice arrives you decide that because you received advice at work that suits you better financially that the answers on here should just be ignored. The wealth tax yes it exists but on the bank account balances I suspect you have it is likely to be so low (approximately 0.3% - 0.5%) that its hard to understand why your want to not declare and remove the risk you get discovered in future
Right to a point but hasn't everyone assumed the OP has been requested to fill out a tax form as he earns more than 120kchf. If not then his source tax is it. Just as he can't claim lower taxes from say living in a lower tax commune, the state can't claim to tax assets and income from investments.
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  #22  
Old 17.11.2012, 11:18
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Re: incomes here and there - double taxes ?

If he and his colleagues are being taxed at source then I can see why they would never know about the wealth tax.

Anyway, I think that if they don't go over the 120k and they don't have substantial wealth/assets/property either here nor in their home country, they do not need to declare on the tax at source system as Danny points out it all sort of evens out in the end.

When/if they go over the 120K or move to a C permit (etc) then they will need to fill out a tax form and declare all assets.

If I were the OP, I'd go visit my local tax office and ask them their opinion rather than rely on advice from the interwebs or my work colleagues.
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Old 17.11.2012, 11:31
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Re: incomes here and there - double taxes ?

@Wallabies: you are wrong - I really appreciate all advices here.

The reason why Im giving more questions is that so many people in my office (all with permit B ?) live here for a couple of years, not knowing about that law and were never asked by tax office for anything.
So it seems to me like this law works randomly or it doesnt work at all. It is just so weird to me...

Im not going to risk hiding "my fortune". Im going to use all advices from this topic - for which Im thankful.

However Im courious, If someone live for a couple of years here, without declaring wealth tax and suddenly is asked by Tax Office to do that (you call that OP - right?), then will that person get penalty fee for not declaring that for previous years ?
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Old 17.11.2012, 11:40
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Re: incomes here and there - double taxes ?

Czzez

There are basically two different tax systems in Switzerland.

On a B permit with income under 120kchf as you know you have tax deducted at source based on an average cantonal rate. And that is your Swiss taxes paid. End of story.

Over 120kchf (in some cantons only apparently) you get sucked into the equivalent tax calculation that nationals, Swiss property owners and C permits have. This requires a declaration of worldwide income assets on the basis people have referred to above.

Agree with minima the sensible thing is to check with your tax office though.
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Old 17.11.2012, 12:13
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Re: incomes here and there - double taxes ?

Ok, it is good idea to check it with my Tax Office.

However, what I understand from your post is:
- having permit B and incomes lower than 120K CHF I dont need to care - no need to declare homeland/global assets; no need to pay wealth tax.
- having incomes greater than 120K CHF or permit C - yes, I need to declare homeland/global assets; must pay wealth tax.

assets = real estates/money savings/funds/shares/mortgages/incomes outside switzerland/etc.
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Old 17.11.2012, 12:17
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Re: incomes here and there - double taxes ?

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However, what I understand from your post is:
- having permit B and incomes lower than 120K CHF I dont need to care - no need to declare homeland/global assets; no need to pay wealth tax.
The answer in your case is MAYBE, since you have a house (an asset) with rental income outside of Switzerland.

You need to check with the tax office.
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Old 17.11.2012, 12:32
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Re: incomes here and there - double taxes ?

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At least in the Schwyz cantonal guide to tax at source the only trigger for a full declaration seems to be Swiss income being over 120kchf, and it is the employ*ers* duty to declare that fact to the authorities.

http://www.sz.ch/documents/wegleitung_qst.pdf
Actually, I am wrong. If you have sources of income other than the jobs where you have quellensteuer deducted you should apparently declare it, and in any event make a declaration if you earn more than 120k.

Ergänzende ordentliche Veranlagung

Verfügt eine quellensteuerpflichtige Person mit Wohnsitz oder Aufenthalt im Kanton Schwyz über weiteres steuerbares Einkommen, insbesondere aus selbstständiger Erwerbstätigkeit, aus beweglichem oder unbeweglichem Vermögen, aus Verleihung oder Nutzung von Urheberrechten und Patenten, aus Lotterien oder lotterieähnlichen Veranstaltungen sowie Wettbewerben, aus Nutzniessung, Stiftungen oder Alimenten, so wird sie für diese Einkommensbestandteile sowie das entsprechende Vermögen nach den Bestimmungen des Steuergesetzes ergänzend veranlagt. Die an der Quelle besteuerten Bruttoeinkünfte sind dabei zur Satzbestimmung miteinzubeziehen.

Kapitalleistungen aus Vorsorge, die einer quellensteuerpflichtigen Person zufliessen, unterliegen einer getrennt vom übrigen Einkommen berechneten Jahressteuer. Zudem werden insbesondere die Altersrenten der AHV und die Leistungen aus beruflicher Vorsorge und gebundener Selbstvorsorge (Pensionen) sowie Vollrenten aus UVG (Invaliditätsgrad 100 %) im ordentlichen Veranlagungsverfahren erfasst.

Nachträglich ordentliche Veranlagung infolge Einkommensüberschreitung

Übersteigen die dem Steuerabzug an der Quelle unterworfenen Bruttoeinkünfte des Steuerpflichtigen oder seines in ungetrennter Ehe lebenden Ehegatten in einem Kalenderjahr den vom Eidgenössischen Finanzdepartement für die direkte Bundessteuer festgelegten Betrag wird eine nachträgliche Veranlagung durchgeführt. Die an der Quelle abgezogene Steuer wird zinslos angerechnet (§ 93 Abs. 2 StG). Der Betrag beträgt zurzeit 120''000 Franken. Die Quellenbesteuerung besteht jedoch als Sicherungssteuer weiterhin. Die abgezogene Steuer wird an die im ordentlichen Veranlagungsverfahren erhobene Steuer zinslos angerechnet; ein allfälliger Überschuss wird zinslos zurückerstattet.

Steuerpflichtige Personen, die nachträglich ordentlich veranlagt wurden, unterliegen auch in den Folgejahren bis zum allfälligen Erhalt der fremdenpolizeilichen Niederlassungsbewilligung (Ausweis C) der nachträglichen Veranlagung, selbst wenn die Limite von 120''000 Franken vorübergehend oder dauernd unterschritten wird.
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