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Old 16.03.2016, 05:08
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VD Tax Return - We owe money to each other?

I late-filed my 2013 return (long story) and just received the results a few days ago.

Montant en votre faveur: 8'613 (I was taxed at source and they over-withheld each year, hence the large refund)
Amende défaut: 772

There's a payment slip for the 772 Sfr late filing penalty. Instead of them deducting the 772 from 8'613 in my favor, we're supposed to transmit funds in both directions? I'm not sure how to proceed here. Nothing in the supporting annexes is useful -- it just explains the various decisions.

Not having a Swiss bank account at the moment, I didn't supply an IBAN number for the tax refund. Can I supply SWIFT/BIC info and have the funds wired internationally? And can they just deduct the penalty from the refund?

Last edited by richardm; 16.03.2016 at 06:06.
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Old 16.03.2016, 08:54
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Re: VD Tax Return - We owe money to each other?

I think you'll have to pay the 'fine' for late filing and get the refund back seperately. That's how it works here anyway.
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Old 16.03.2016, 09:31
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Re: VD Tax Return - We owe money to each other?

Maybe in VD it's different, but in BL overpayments stay on your account for offsetting the next year (at a reasonable rate of interest). If you want a refund you have to apply for it.
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Old 16.03.2016, 13:50
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Re: VD Tax Return - We owe money to each other?

correct. if you received the payslip you pay the fine separately. you will receive a note with form asking for your bankaccount. you could of course leave it to offset future payments but as I understand you are taxed at source it does not make a lot of sense. If you leave it you may receive some interest and also it would not be added to your fortune for the tax on the fortune.

Have you done your 2014 (2015) tax filings? it may give similar result
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Old 16.03.2016, 19:08
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Re: VD Tax Return - We owe money to each other?

I'm still waiting for the 2014 return to be processed (I filed it at the same time as the 2013 return). I guess I'll wait before trying to obtain the funds. My 2014 return is questionable as I earned zero income but I did live in the country until June with my bank accounts - not sure if I owe pro-rata wealth tax or not. If so, I'll definitely owe some money.

I also took a pillar 2 distribution when I left but couldn't figure out how to report it on the return (I believe taxes were withheld).
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Old 16.03.2016, 19:15
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Re: VD Tax Return - We owe money to each other?

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I'm still waiting for the 2014 return to be processed (I filed it at the same time as the 2013 return). I guess I'll wait before trying to obtain the funds. My 2014 return is questionable as I earned zero income but I did live in the country until June with my bank accounts - not sure if I owe pro-rata wealth tax or not. If so, I'll definitely owe some money.

I also took a pillar 2 distribution when I left but couldn't figure out how to report it on the return (I believe taxes were withheld).
You will owe wealth tax.

Pillar 2 was paid out after you left I assume..... so then just the Swiss withholding tax in CH but possibly income tax in addition in your new country of residence. This depends on how they deal with lump sum payouts.
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Old 16.03.2016, 19:33
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Re: VD Tax Return - We owe money to each other?

The pillar 2 distribution occurred a week or two before my departure. My understanding is the pillar 2 funds were already subject to US taxes in each year they were earned/received (the US does not recognize Swiss pension accounts as being tax deferred).
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