Apologies upfront if this is a dumb question - I am clueless when it comes to these things.

I received some RSUs that just vested. The platform that my company used duly deducted 23% in shares to cover the tax. Because my employer is based in the US, that tax was made up of 11% state tax and 12% foreign tax.

My payslip duly shows the pre-tax amount vesting, upon which tax was again deducted.

Does that seem right..? I thought that I would be taxed on the vested amount rather than the pre-taxed value...

Hello,

It is not a dumb question:
We have a similar thing right know and working at the things to clarify. Employer withheld an amount of shares to cover the taxes.
We have different examples in different years and different percentages of shares were deducted. We have numbers between 25% to 40% of the shares retained to cover the taxes.
We declare the whole amount of shares=100% vested and pay taxes in CH for the 100% of shares but receive only 60 to 75 % of the shares on the account.
We contacted the stockop team of employer as we are Suisse and we are normal tax declarer here in Switzerland.
We have not yet received an answer how we can reclaim the taxes.

Hi there, I was wondering whether you had received a response?
My employer tells me that they were doing a true up - the taxes were being reconciled.
I just can't quite believe that losing 50% of the original grant is correct.