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-   -   DA-1 Question (https://www.englishforum.ch/finance-banking-taxation/295614-da-1-question.html)

Enohzee 09.12.2019 14:24

DA-1 Question
 
Hey all,

I searched for an answer here but couldn't seem to find it.

I filed a tax return for 2018 and for the first time also filled the DA-1 form for reclaiming withheld tax on dividends.

From what I can see, this DA-1 amount is not included in the main tax calculation.

Is the DA-1 amount treated separately and they will refund this amount later? If so, does anyone know the usual time that this takes?

Thanks for any help

fatmanfilms 09.12.2019 17:06

Re: DA-1 Question
 
Quote:

Originally Posted by Enohzee (Post 3128205)
Hey all,

I searched for an answer here but couldn't seem to find it.

I filed a tax return for 2018 and for the first time also filled the DA-1 form for reclaiming withheld tax on dividends.

From what I can see, this DA-1 amount is not included in the main tax calculation.

Is the DA-1 amount treated separately and they will refund this amount later? If so, does anyone know the usual time that this takes?

Thanks for any help

After 2 weeks in Zurich, I had cash in my account

robBob 09.12.2019 19:01

Re: DA-1 Question
 
Did you also send the 2nd copy seperately to DA1 refund office in Zurich?

Enohzee 10.12.2019 08:34

Re: DA-1 Question
 
Quote:

Originally Posted by robBob (Post 3128348)
Did you also send the 2nd copy seperately to DA1 refund office in Zurich?

Nope... I better go read the form again!


Hmm...I didn't see any information on sending a copy to another address, on the Neuchatel website, the DA-1 form or in my tax return. Is it a standard practice?

As I had mistakenly put 30% of my US dividends on the form (I later asked my broker to change to 15%), my final tax calculation had a note "you can only claim 15% of the dividend amount" - so it seems they are acting on the DA-1 form but there was no info on sending to Zurich...

robBob 10.12.2019 09:44

Re: DA-1 Question
 
Quote:

Originally Posted by Enohzee (Post 3128462)
Nope... I better go read the form again!


Hmm...I didn't see any information on sending a copy to another address, on the Neuchatel website, the DA-1 form or in my tax return. Is it a standard practice?

As I had mistakenly put 30% of my US dividends on the form (I later asked my broker to change to 15%), my final tax calculation had a note "you can only claim 15% of the dividend amount" - so it seems they are acting on the DA-1 form but there was no info on sending to Zurich...

Each Canton should have there own refund office. Yours will be in Neuchatel. Ask at the Gemeinde.

Enohzee 10.12.2019 14:47

Re: DA-1 Question
 
Quote:

Originally Posted by robBob (Post 3128481)
Each Canton should have there own refund office. Yours will be in Neuchatel. Ask at the Gemeinde.

Thankyou for your help!

Enohzee 11.12.2019 16:43

Re: DA-1 Question
 
So the tax office replied and it turns out that in Neuchatel is handled by the tax office but they treat DA-1's separately and send back the calculation 30 days after the tax calculation.

So it takes a little longer than Zurich but it seems no need to send to another office.

RoastedRhino 11.12.2019 20:14

Re: DA-1 Question
 
In Zurich you don't have to send anything separate if you file online.
Reimbursement was very fast, with a long letter explaining a difference of few francs between what I requested and what they paid. But they paid.

eurozuricher 22.03.2020 17:49

Re: DA-1 Question
 
Another DA-1 Question: I have been holding some American and Canadian stocks but none of the have paid any dividends last year. Do I need to fill out the DA-1 form?

Enohzee 23.03.2020 09:51

Re: DA-1 Question
 
Quote:

Originally Posted by eurozuricher (Post 3162086)
Another DA-1 Question: I have been holding some American and Canadian stocks but none of the have paid any dividends last year. Do I need to fill out the DA-1 form?

DA-1 only concerns investments that have paid dividends subject to withholding tax.

So no DA-1 form needed.

eurozuricher 23.03.2020 19:10

Re: DA-1 Question
 
Quote:

Originally Posted by Enohzee (Post 3162283)
DA-1 only concerns investments that have paid dividends subject to withholding tax.

So no DA-1 form needed.




Thanks, Enohzee. Is DA-1 applicable only to foreign investments? I have received some dividends from my Swiss stocks, which I believe were taxed at source. Can I use DA-1 to get some of the tax back?

Enohzee 24.03.2020 14:58

Re: DA-1 Question
 
I believe it is only for foreign assets that have been subjected to withholding tax. I have experience in doing this for US and European stocks.

I have never owned a Swiss stock so I don't have personal experience for that :)

ztm 26.03.2020 09:29

Re: DA-1 Question
 
Quote:

Originally Posted by eurozuricher (Post 3162611)
Thanks, Enohzee. Is DA-1 applicable only to foreign investments? I have received some dividends from my Swiss stocks, which I believe were taxed at source. Can I use DA-1 to get some of the tax back?

No, you can't. You can use a DA-1 form to recover (i) foreign withholding tax or (ii) tax that Swiss brokers withhold on US securities (it's nicely explained here).

In your case, your are getting a 35% withholding tax because you are investing in Swiss securities. This is always the case (check this out). If you declare taxes, they'll reimburse you 35% withholding tax as tax credit. If you are taxed at source (Quellensteuer), you might not be able to get the money back.


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