Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 20.02.2018, 07:54
Senior Member
 
Join Date: Dec 2015
Location: Zurich
Posts: 263
Groaned at 4 Times in 4 Posts
Thanked 135 Times in 92 Posts
Dr Mick is considered knowledgeableDr Mick is considered knowledgeableDr Mick is considered knowledgeable
about EU dividends / tax return

Greetings everyone,

as far as I know, the DA-1 form must be used to declare US dividends .
Shall I use the same form to declare EU dividends which have already been taxed?

Thanks.
Reply With Quote
  #2  
Old 20.02.2018, 09:22
Forum Veteran
 
Join Date: Feb 2008
Location: Zurich
Posts: 1,019
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: about EU dividends / tax return

yes.
Reply With Quote
This user would like to thank bill_door for this useful post:
  #3  
Old 28.02.2018, 20:32
Senior Member
 
Join Date: Dec 2015
Location: Zurich
Posts: 263
Groaned at 4 Times in 4 Posts
Thanked 135 Times in 92 Posts
Dr Mick is considered knowledgeableDr Mick is considered knowledgeableDr Mick is considered knowledgeable
Re: about EU dividends / tax return

One more question.

The tax return envelope (canton Zurich) has the following pre-printed address:

Steueramt Stadt Zurich
c/o Scan-Center Zurich
8010 Zurich

When filling my tax return using the "Private Tax 2017" software, however, the DA1 form is saved as a separate document saying

Beiblatt für die Einreichung mit Fensterkuvert:
Kantonales Steueramt Zürich Steueranrechnung
Bändliweg 21
Postfach
8090 Zürich


Am I missing something or shall I send two separate envelopes (tax return and DA1 form) at two separate addresses?

Thank you.
Reply With Quote
  #4  
Old 28.02.2018, 22:26
Forum Veteran
 
Join Date: Feb 2008
Location: Zurich
Posts: 1,019
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: about EU dividends / tax return

correct.

DA-1 goes to that second address.

(it should also be contained in the main return, which goes to the first address)
Reply With Quote
This user would like to thank bill_door for this useful post:
  #5  
Old 05.04.2018, 19:51
Senior Member
 
Join Date: Dec 2015
Location: Zurich
Posts: 263
Groaned at 4 Times in 4 Posts
Thanked 135 Times in 92 Posts
Dr Mick is considered knowledgeableDr Mick is considered knowledgeableDr Mick is considered knowledgeable
Re: about EU dividends / tax return

Quote:
View Post
correct.

DA-1 goes to that second address.

(it should also be contained in the main return, which goes to the first address)
Do you happen to know whether there is a minimum to make a claim?

I have just received the answer from the tax office telling me I will get 0 CHF back.
As far as I understand, the document says the minimum claim is 50 CHF in withheld tax by foreign authorities, while my claim was slightly under that amount.
Does that ring any bell?
Also, the document makes a distinction between US and EU taxes withheld on dividends. Does it really matter?
Reply With Quote
  #6  
Old 05.04.2018, 21:41
Forum Veteran
 
Join Date: Feb 2008
Location: Zurich
Posts: 1,019
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: about EU dividends / tax return

1.) Can't remember if there is a minimum, can't access my files right now, but sounds like an appropriate Swiss reponse.
2.) That's a pretty quick turn-around!
3.) The purpose of the form is not to claim back the tax, the primary reason is this is the appropriate location to declare these foreign domiciled securitiess. A by-product is that the foreign with-held tax is calculated.
4.) the distinction is that for US secrities you get it all back, EU you get nothing back (can't remember why). but your worlwide assets should be declared in your tax return and for these EU ones, this is the location.
Reply With Quote
This user would like to thank bill_door for this useful post:
  #7  
Old 05.04.2018, 22:02
Senior Member
 
Join Date: Dec 2015
Location: Zurich
Posts: 263
Groaned at 4 Times in 4 Posts
Thanked 135 Times in 92 Posts
Dr Mick is considered knowledgeableDr Mick is considered knowledgeableDr Mick is considered knowledgeable
Re: about EU dividends / tax return

Quote:
View Post
1.) Can't remember if there is a minimum, can't access my files right now, but sounds like an appropriate Swiss reponse.
2.) That's a pretty quick turn-around!
3.) The purpose of the form is not to claim back the tax, the primary reason is this is the appropriate location to declare these foreign domiciled securitiess. A by-product is that the foreign with-held tax is calculated.
4.) the distinction is that for US secrities you get it all back, EU you get nothing back (can't remember why). but your worlwide assets should be declared in your tax return and for these EU ones, this is the location.
Thanks a lot bill_door. Yes, it was quick indeed .

OK, so according to (4) it's better to buy US rather than EU divident paying stocks. It's odd indeed.
Reply With Quote
  #8  
Old 06.04.2018, 08:36
Forum Veteran
 
Join Date: Feb 2008
Location: Zurich
Posts: 1,019
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: about EU dividends / tax return

Quote:
View Post
OK, so according to (4) it's better to buy US rather than EU divident paying stocks. It's odd indeed.
that's relative (c;

If your're interested only in dividend accumulation (which is taxed as income in CH) then you have a higher cost of doing businsess i.e. you don't get the tax rebate (which would is added to the overall income and taxed as income!)
You might think there may be greater Capital upside in the EU compared to the US (unlikely) and the Capital increase of the stock is only considered in the total 'wealth tax' caclulation which is not significant. No capital gains in CH.

swings and round-abouts.
Reply With Quote
  #9  
Old 06.04.2018, 11:16
amogles's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Zurich
Posts: 11,072
Groaned at 240 Times in 203 Posts
Thanked 23,248 Times in 9,883 Posts
amogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond repute
Re: about EU dividends / tax return

Quote:
View Post
Do you happen to know whether there is a minimum to make a claim?

I have just received the answer from the tax office telling me I will get 0 CHF back.
As far as I understand, the document says the minimum claim is 50 CHF in withheld tax by foreign authorities, while my claim was slightly under that amount.
Does that ring any bell?
Also, the document makes a distinction between US and EU taxes withheld on dividends. Does it really matter?
Yes there is.

My claim was rejected last year because it wasn't enough. I think it was about 50 EUR.

Sorry, can't remember the threshold amount they stated in the leter. This may also vary depending on the country and curency.
Reply With Quote
This user would like to thank amogles for this useful post:
  #10  
Old 06.04.2018, 11:19
amogles's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Zurich
Posts: 11,072
Groaned at 240 Times in 203 Posts
Thanked 23,248 Times in 9,883 Posts
amogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond repute
Re: about EU dividends / tax return

Quote:
View Post
1.) Can't remember if there is a minimum, can't access my files right now, but sounds like an appropriate Swiss reponse.
2.) That's a pretty quick turn-around!
3.) The purpose of the form is not to claim back the tax, the primary reason is this is the appropriate location to declare these foreign domiciled securitiess. A by-product is that the foreign with-held tax is calculated.
4.) the distinction is that for US secrities you get it all back, EU you get nothing back (can't remember why). but your worlwide assets should be declared in your tax return and for these EU ones, this is the location.
I think that's nor entirely accurate.

You can also declare foreign investments on the regular asset form. Only if you do that you voluntarily you relinquish claims to withholding tax on dividends. The purpose of the DA-1 form is to reclaim such tax from foreign tax offices.

So if you have foreign shares, for example, that either didn't pay any dividends, or where the dividends were os insignificant that you would gladly part with the withholding tax, then you wouldn't put them on DA-1 but instead put them on the regular form.
Reply With Quote
This user would like to thank amogles for this useful post:
  #11  
Old 06.04.2018, 12:05
Senior Member
 
Join Date: Dec 2015
Location: Zurich
Posts: 263
Groaned at 4 Times in 4 Posts
Thanked 135 Times in 92 Posts
Dr Mick is considered knowledgeableDr Mick is considered knowledgeableDr Mick is considered knowledgeable
Re: about EU dividends / tax return

Thanks amogles.

Quote:
View Post
The purpose of the DA-1 form is to reclaim such tax from foreign tax offices.
Do Swiss tax authorities do it or I am supposed to make the reclaim, like in most EU countries?
Reply With Quote
  #12  
Old 06.04.2018, 12:13
amogles's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Zurich
Posts: 11,072
Groaned at 240 Times in 203 Posts
Thanked 23,248 Times in 9,883 Posts
amogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond repute
Re: about EU dividends / tax return

Quote:
View Post
Thanks amogles.



Do Swiss tax authorities do it or I am supposed to make the reclaim, like in most EU countries?
The Swiss tax authorities will claim on your behalf.

But as I said, there is a threshoold below which they won't do it.
Reply With Quote
This user would like to thank amogles for this useful post:
Reply

Tags
da-1, dividends, tax return




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
Tax relief on dividends from a company you own scruffybeast Finance/banking/taxation 12 18.12.2017 10:42
lump sum taxation: what about tax on interests and dividends (35%)? letosa Finance/banking/taxation 31 07.11.2014 19:25
Doubts about interests and dividends earned abroad gsmaster Finance/banking/taxation 12 21.02.2013 14:34
UK Tax return and Swiss Tax Return edfollett Finance/banking/taxation 12 10.12.2012 18:03
Swiss Tax Rate on Dividends earnt abroad NJT Finance/banking/taxation 12 05.05.2009 11:38


All times are GMT +2. The time now is 03:52.


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