Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #41  
Old 06.02.2017, 10:28
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,934
Groaned at 447 Times in 341 Posts
Thanked 22,137 Times in 11,486 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Interactive brokers withholding tax

Quote:
View Post
OK, figured out the DA-1 part. That was a question that I could just have googled, apologies.

However, I have no clue how to fill this in. I got several US stocks, which pay monthly or quarterly dividends; and I buy and sell every now and then. So that becomes very complex to enter for each stock how much the value changed etc. Any advice on how to do that best? Easiest would be if I could just put one line that says how much I received as dividends in total, and how much taxes I already paid to IRS (basically, just putting the 1042-S).

Does the capital yield get taxed, or only dividends? Not easy to declare capital yields, given buy/sell and USD/CHF FX.
You have to calculate the CHF value of each credit, it is complicated boring & time consuming. Buy stocks that don't pay dividends if this is a problem.
Reply With Quote
  #42  
Old 24.02.2017, 17:16
Junior Member
 
Join Date: Mar 2010
Location: Vaud
Posts: 30
Groaned at 0 Times in 0 Posts
Thanked 5 Times in 1 Post
belgian beer lover has no particular reputation at present
Re: Interactive brokers withholding tax

I have a table with all the dividend payments. Their date and value in CHF per dividend payment, and the tax withheld by the broker, that is not the problem.

I tried to complete that in VaudTax now, but that turned out to be more complex that I thought. I don't really understand all the things they are asking. Got to delve a bit deeper into that. Or get some real help. Anyone experience with filling these things in into VaudTax?

Also, I started to fill it in for one of my stocks. The value of the stock raised nicely in 2016, and I see that this impacts my revenue. I thought that there was no tax in Switzerland on gains from stocks (no capital gain tax for private individuals).
Reply With Quote
  #43  
Old 24.02.2017, 17:33
Forum Veteran
 
Join Date: Feb 2012
Location: CH
Posts: 2,304
Groaned at 87 Times in 73 Posts
Thanked 2,002 Times in 1,123 Posts
ivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond repute
Re: Interactive brokers withholding tax

Which stock? An accumulating ETF? A part of the gain that's attributed to dividends is taxable even if you never got paid directly.

Kurliste (https://www.ictax.admin.ch/extern/en.html#/ratelist) has all the details usually how much is taxable and on which date.

I've heard they also have the balls to treat synthetically replicated accumulating ETFs in the same way just because they perform the same, even though those funds don't hold actual stock and don't get dividends
Reply With Quote
  #44  
Old 17.02.2018, 22:15
Junior Member
 
Join Date: Oct 2011
Location: Bern
Posts: 43
Groaned at 0 Times in 0 Posts
Thanked 2 Times in 2 Posts
Nukles has no particular reputation at present
Re: Interactive brokers withholding tax

If from an account of IB in Switzerland, and I live in Switzerland and am a EU nationa, and I buy stock listed on the Nasdaq (like NASDAQ:FB), do I have to file taxes in the US for those or just declare those shares to the Swiss authorities?
Reply With Quote
  #45  
Old 17.02.2018, 22:24
roegner's Avatar
Moderately Dutch
 
Join Date: May 2011
Location: Zurich
Posts: 11,046
Groaned at 363 Times in 304 Posts
Thanked 13,872 Times in 6,476 Posts
roegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond repute
Re: Interactive brokers withholding tax

Just file that with your tax income return
Reply With Quote
  #46  
Old 18.02.2018, 10:22
Forum Veteran
 
Join Date: Feb 2008
Location: Zurich
Posts: 1,018
Groaned at 6 Times in 6 Posts
Thanked 345 Times in 262 Posts
bill_door has an excellent reputationbill_door has an excellent reputationbill_door has an excellent reputationbill_door has an excellent reputation
Re: Interactive brokers withholding tax

Quote:
View Post
If from an account of IB in Switzerland, and I live in Switzerland and am a EU nationa, and I buy stock listed on the Nasdaq (like NASDAQ:FB), do I have to file taxes in the US for those or just declare those shares to the Swiss authorities?
If the details you state here are what you gave to IB then you should have filled out a W-8BEN and given it to IB when you opened the account; that means no iRS reporting required.
Reply With Quote
  #47  
Old 05.11.2018, 14:28
Newbie 1st class
 
Join Date: Jan 2015
Location: zurich
Posts: 17
Groaned at 0 Times in 0 Posts
Thanked 4 Times in 3 Posts
gabri87 has no particular reputation at present
Re: Interactive brokers withholding tax

Hello. I have a question about dividends from CH stocks.
I am a swiss resident investor and I own a couple of CH stocks that pay dividends. These dividends are taxed at source at the normal swiss rate of 35%.
To get the withholding tax back I have to fill my swiss tax return.

Do I need to do a Withholding Tax Voucher request for dividends paid on Swiss stocks (costs 15 CHF per line) if I own the stock with Interactive Brokers? (I found this on Interactive Brokers>pricing>other fees.

Does anyone have a direct experience in the matter?
I hope I could explain myself and thank you for an answer.
Reply With Quote
  #48  
Old 05.11.2018, 17:21
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,934
Groaned at 447 Times in 341 Posts
Thanked 22,137 Times in 11,486 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Interactive brokers withholding tax

Quote:
View Post
Hello. I have a question about dividends from CH stocks.
I am a swiss resident investor and I own a couple of CH stocks that pay dividends. These dividends are taxed at source at the normal swiss rate of 35%.
To get the withholding tax back I have to fill my swiss tax return.

Do I need to do a Withholding Tax Voucher request for dividends paid on Swiss stocks (costs 15 CHF per line) if I own the stock with Interactive Brokers? (I found this on Interactive Brokers>pricing>other fees.

Does anyone have a direct experience in the matter?
I hope I could explain myself and thank you for an answer.
No need to pay, just show your account payments of the dividend, the tax deducted will be shown.
Reply With Quote
  #49  
Old 05.01.2019, 18:14
Senior Member
 
Join Date: Jul 2016
Location: GR
Posts: 442
Groaned at 21 Times in 17 Posts
Thanked 144 Times in 122 Posts
wantone has no particular reputation at present
Re: Interactive brokers withholding tax

IB withheld 30% tax on interest income this year. Last year it did not. Why you think this is happening? I am a Non-US customer.
Reply With Quote
  #50  
Old 05.01.2019, 19:30
Senior Member
 
Join Date: Dec 2015
Location: Zurich
Posts: 270
Groaned at 4 Times in 4 Posts
Thanked 137 Times in 93 Posts
Dr Mick is considered knowledgeableDr Mick is considered knowledgeableDr Mick is considered knowledgeable
Re: Interactive brokers withholding tax

Quote:
View Post
IB withheld 30% tax on interest income this year. Last year it did not. Why you think this is happening? I am a Non-US customer.
Perhaps you have to update the user settings and/or forms from within the account management?
I suggest you contact the customer service, they should be able to help.
Reply With Quote
  #51  
Old 11.08.2020, 05:49
Newbie
 
Join Date: Aug 2020
Location: Flumserberg
Posts: 1
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
tradingR has no particular reputation at present
Re: Interactive brokers withholding tax

Quote:
View Post
Hello everyone,

I found this interesting thread and would like to ask you if anyone knows how does it work for income from options trading. Do I have to declare them as normal income here in CH or do I have to declare in the US? And what about fees? May I deduct them from the income before declaring?

Thank you
Hello! I have the same question, what I found here https://www.irs.gov/instructions/iw8ben
FDAP income does not include most gains from the sale of property (including market discount and option premiums)
But I'm still looking for more info, did you get any closure on this?
Best Regards
Reply With Quote
Reply

Tags
interactive brokers, tax, withholding tax




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Interactive brokers in Switzerland ipsiety Business & entrepreneur 458 08.07.2021 20:21
FBAR / FATCA - Interactive Brokers? Village Idiot Finance/banking/taxation 7 23.06.2015 15:55
CIM Banque (Interactive Brokers) - anyone? Leo+ Finance/banking/taxation 2 28.05.2013 05:19
Interactive Brokers - Opening an Account/Transfering Funds/Dividend Taxes Metallising Finance/banking/taxation 11 11.07.2011 02:41
Tax issues - Withholding tax; advance tax; taxed pro-rata; and moving cantons Butimi Finance/banking/taxation 8 26.07.2008 18:42


All times are GMT +2. The time now is 03:34.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0