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Old 24.05.2016, 00:00
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Can one amend prior year tax declarations?

First of all, thanks to this Forum my previous request was answered. Now, I have noticed that I'd misclassified defined-contributions as Pillar 3a when they should have been treated as Pillar 2 in previous years declarations. Has anyone amended prior tax declarations? If have to amend my American taxes but couldn't find Amendment instructions for Switzerland. Thanks in advance.
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Old 24.05.2016, 08:45
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Re: Can one amend prior year tax declarations?

Normally once you have received your definitive tax notice, then that's it. But I've generally found the tax people quite helpful when I've had issues. Give them a call and see if anything can be done.
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Old 24.05.2016, 09:02
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Re: Can one amend prior year tax declarations?

As both are tax deductible, the amended result should either be the same or in your favor (because 3rd pillar deductions are limited in amount whereas 2nd pillar aren't [I believe]). As such there's no problem to be expected in terms of having paid too little, so it shouldn't raise any problems for you if you contact them, as already suggested.
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Old 24.05.2016, 09:38
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Re: Can one amend prior year tax declarations?

I also wouldn't bother to change such a declaration. Just use the new system from now on. Except you have a very high income no one is going to compare and check what you wrote earlier..
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Old 24.05.2016, 09:45
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Re: Can one amend prior year tax declarations?

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First of all, thanks to this Forum my previous request was answered. Now, I have noticed that I'd misclassified defined-contributions as Pillar 3a when they should have been treated as Pillar 2 in previous years declarations. Has anyone amended prior tax declarations? If have to amend my American taxes but couldn't find Amendment instructions for Switzerland. Thanks in advance.
I have some difficulty seeing what mistake you could have made.
If you are an employee, your Pillar 2 contributions are deducted before your net earnings, which is your earnings figure that is relevant for the Swiss tax form. If you have bought in to your companies pension fund, especially towards the end of the year, you may get a separate statement to show that and the Tax authorities will need to see that. If you make a Pillar 3a contribution, you will also get a statement which has to be seen by the tax authorities to get any tax relief.
Anyway, as has been said, as far as tax relief is concerned, provided it does not exceed the maximum contribution, it is the same. If, however, your payment exceeded the maximum contribution for Pillar 3a, the tax authorities will ask you to correct it be withdrawing the excess.
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Old 24.05.2016, 10:17
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Re: Can one amend prior year tax declarations?

Assuming you haven't had the definitive declaration yet there's a pretty good chance they will notice and correct it for you. You could send them a short letter otherwise - I find them to be quite flexible.
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Old 24.05.2016, 10:27
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Re: Can one amend prior year tax declarations?

In general, it can be done. Once our accountant made a mistake, which I noticed after we sent off the form. We called the tax office, had the accountant correct the form and sent it off with a cover letter (explanation).

Last edited by Aleydis; 24.05.2016 at 10:40.
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Old 24.05.2016, 10:36
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Re: Can one amend prior year tax declarations?

Quote:
View Post
First of all, thanks to this Forum my previous request was answered. Now, I have noticed that I'd misclassified defined-contributions as Pillar 3a when they should have been treated as Pillar 2 in previous years declarations. Has anyone amended prior tax declarations? If have to amend my American taxes but couldn't find Amendment instructions for Switzerland. Thanks in advance.
if these old declarations are final just leave it as Pillar 2 and 3 are both deductible and the end result will not differ. Pillar 3 has a maximum of 6,768 when employed and 33,840 when self employed (2015).

if these are not final write them a note or give them a call. as said the end result is the same for both deductibles as long as you are below the maximum.
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Old 24.05.2016, 13:39
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Re: Can one amend prior year tax declarations?

Thanks to everyone. Your responses were very helpful. I wrote an email to my Vaud tax office. As you had advised, if I had over paid then after 30 days of final treatment there is nothing to be done. A bit of background explanation for future readers.

I am an American expat who had transferred from the American subsidiary to the Swiss headquarters. My salaries were all paid in the US in $ and all retirement accounts are American in $. I have both "defined benefits" accounts, which I had declared correctly as Pillar 2, and "defined contributions" accounts, which were mistakenly declared as Pillar 3. I did not claim the 20% deduction. In addition, I did not claim the double taxation benefits.

C'est la vie! So, I'd overpaid my Swiss taxes. But, it was for the common good and I am fine with it.

Thanks to everyone,
Dave
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