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Old 28.09.2015, 10:53
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B Permit > 120k tax return - earnings vs annual salary

Hi All,

I have read numerous threads about you have to file a tax return if your salary is over 120k. But my question is, do you have to file one if you did not earn for a full year (so you earned actually less than that)? What counts, the actual income or the salary level?

Also, how strict is 30th of September for the tax return deadline.. ? Oops, its in 2 days.

Thanksss
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Old 28.09.2015, 11:05
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Re: B Permit > 120k tax return - earnings vs annual salary

CHF 120k is based on an annualized amount. As I understand it, if you arrived in Switzerland during the year and your monthly income was at least CHF 10'000.01, you would file an ordinary tax return and not be subject to source tax. See q&a 12 at this Infoblatt:

http://www.steueramt.zh.ch/dam/finan...t_qst15_en.pdf

See also this weekend's discussion on the source tax (Quellensteuer) topic:

Understanding transition from Quellensteuer to Tax returns
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Old 28.09.2015, 11:10
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Re: B Permit > 120k tax return - earnings vs annual salary

Thanks for this. I am actually taxed at source. But I understand it doesn't matter I only worked 3 months in 2014, I would still have to file.
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Old 28.09.2015, 11:24
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Re: B Permit > 120k tax return - earnings vs annual salary

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Thanks for this. I am actually taxed at source. But I understand it doesn't matter I only worked 3 months in 2014, I would still have to file.
That is correct, the tax office will ask you for a return eventually, normal filing date unless you ask for an extension is 31 March.
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Old 25.01.2016, 20:26
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Re: B Permit > 120k tax return - earnings vs annual salary

Hi guys,
I'm in a similar situation and I have a question regarding what is considered annualized income. My gross salary with lunch allowance is below the 120k threshold...but if I add the bonus I'm over it. Is the bonus considered as annualized income? I guess I cannot avoid filling in a tax return
Thanks in advance
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Old 25.01.2016, 21:08
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Re: B Permit > 120k tax return - earnings vs annual salary

Bonus counts as income so if that brings you over the threshold, you need to do a tax income return
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