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Old 11.08.2017, 15:50
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Wealth tax declaration - Permit B -> Full Declaration

Hi all,


This has been covered before, I've read a number of posts but I'm after some advice for my specific case if anybody can help.


I came here in 2014 to Neuchatel, on Permit B and earning less than 120K. I did a 'simplified' declaration, only because I paid into a 3rd pillar pension. I gave my bank account statements (some UK, some Switzerland) to my tax advisor at the time, who did not submit to tax authorities (below threshold).


In 2015, I filled the simplified tax return again myself, without declaring anything. My wealth was approaching the declaration 'threshold' which I believe is around 100k CHF in Neuchatel? I owned stocks but did not declare anything (income or wealth).


For 2016 I again didn't declare (just pillar 3a), but may have been over the threshold...


Now in 2017 I will likely have to do a full declaration due to salary increase. I would like to declare my accounts but am a bit worried that the previous years will be a problem. I'm not sure though, as I was not automatically obliged to fill the full declaration.


If anybody could give any advice or tips I would appreciate it


Thanks
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Old 13.09.2017, 17:42
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Re: Wealth tax declaration - Permit B -> Full Declaration

Does anybody have any experience in this that they could share?


In a nutshell:


Been on permit B, <120k since coming here, did not declare anything, just simplified tax form. I may have been over 'wealth threshold' last year but I didn't find any official limit...


This year I'll have to declare (>120k). I plan to declare everything. Will they be asking me about the previous years when I didn't declare? Anything to worry about?


Thankyou for any help!
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Old 13.09.2017, 19:15
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Re: Wealth tax declaration - Permit B -> Full Declaration

Are you sure you need to declare anything? You just decided to do it yourself?

I live in VD, work in GE.. B permit, over 120k, tax at source.. I asked the tax people in both GE and VD if i need to do anything and both said no.

My 5 years is nearly up though, might be changing to a C in a couple of months.. So all change then.
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Old 14.09.2017, 11:32
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Re: Wealth tax declaration - Permit B -> Full Declaration

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Are you sure you need to declare anything? You just decided to do it yourself?

I live in VD, work in GE.. B permit, over 120k, tax at source.. I asked the tax people in both GE and VD if i need to do anything and both said no.

My 5 years is nearly up though, might be changing to a C in a couple of months.. So all change then.
No, I'm not sure they will send me the full declaration stuff. I'm just assuming that because I will be >120k in income.


I'm just thinking though, if I do not declare anything again, will I not get into trouble later when I finally declare? Will they not ask 'Why didn't you pay wealth & income tax on this for the past 4 years?'


From the neuchatel tax site (but I have no idea what 'as appropriate' means... there is no stated threshold):




The people of foreign nationality and have not an establishment permit (C permit) are subject to the withholding tax on wages and income acquired as compensation for this last (unemployment or illness, accident or) disability less than 100%).


These same people have the legal obligation to declare to the tax authority, as appropriate, their wealth and income that are not subject to the withholding tax. This is particularly the case for:


Fortune and income from self-employment;


Fortune and income of bank assets (gains of lottery and other games of chance, securities, accounts, etc.);


Fortune and real estate income;


Retirement pensions;


Disability in the case of incapacity for work pension equal to 100%;


Etc.
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Old 14.09.2017, 11:43
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Re: Wealth tax declaration - Permit B -> Full Declaration

How much are you worth?

Did you check how much wealth tax you actually have to pay?
Pillar 2 and 3 do not count and you can subtract any debt you have.

For simplicity just enter your wealth
https://www.homegate.ch/moving/plann...tax-calculator
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Old 14.09.2017, 12:59
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Re: Wealth tax declaration - Permit B -> Full Declaration

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How much are you worth?

Did you check how much wealth tax you actually have to pay?
Pillar 2 and 3 do not count and you can subtract any debt you have.

For simplicity just enter your wealth
https://www.homegate.ch/moving/plann...tax-calculator
Thanks for the link.


I tried entering 0 income and tried lots of values for 'wealth'. It appears that the wealth tax kicks in at 51,000 CHF for Neuchatel, which seems quite low.


I'm happy to declare everything this year, just concerned that I haven't declared before and if that will cause some trouble.
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Old 26.01.2018, 12:38
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Re: Wealth tax declaration - Permit B -> Full Declaration

Sorry to dig up this thread again. I have a concern for my 2017 tax return.


In 2017, I earned over the 120k threshold for the first time. I am taxed at source until 2019 (C-permit).


Will the authorities request that I fill a full declaration if needed, or should I request to fill a full declaration? (I have stock market assets).


Is it required that I make this request?


Thanks for any help!
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Old 26.01.2018, 12:57
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Re: Wealth tax declaration - Permit B -> Full Declaration

Quote:
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Sorry to dig up this thread again. I have a concern for my 2017 tax return.


In 2017, I earned over the 120k threshold for the first time. I am taxed at source until 2019 (C-permit).


Will the authorities request that I fill a full declaration if needed, or should I request to fill a full declaration? (I have stock market assets).


Is it required that I make this request?


Thanks for any help!
They will ask you, unless your a multi millionaire they won't care as you missed tax will be less than the cost of a meal.
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Old 31.01.2018, 17:11
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Re: Wealth tax declaration - Permit B -> Full Declaration

Thanks fatmanfilms for your response.


I contacted the tax office requesting to fill a tax return due to my income above 120k for 2017. They responded and told me they'll send me the tax return next month... time for the fun of tax returns :O
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