Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 07.03.2020, 18:12
Newbie 1st class
 
Join Date: Mar 2020
Location: Zürich
Posts: 10
Groaned at 0 Times in 0 Posts
Thanked 4 Times in 1 Post
naigel has no particular reputation at present
Taxes in ZH with B permit

Hello, I moved to Zürich last year and I am employed since February. I have a B permit (Aufenthaltsbewilligung) and I don't earn more than 120'000 CHF/year.
I am pretty sure I don't have to pay the "normal" taxes (Steuererklärung) but I am wondering if I still have to pay any wealth tax (Vermögenssteuer).
Is there a limit above which I have to compile any special tax module -- let's say if I have more than 200k on my bank account? Or can I ignore that since I have a B permit and earn <120k/year?
Reply With Quote
  #2  
Old 11.03.2020, 14:15
Newbie 1st class
 
Join Date: Mar 2020
Location: Zürich
Posts: 10
Groaned at 0 Times in 0 Posts
Thanked 4 Times in 1 Post
naigel has no particular reputation at present
Re: Taxes in ZH with B permit

Ok, I have tried to find the information by myself. My reference is the manual for tax declaration 2019 Wegleitung zur Steuererklärung2019.

The relevant part should be at page 8, in the section "Ausländische Arbeitnehmer". It says that people earning more than 120k/year in the tax year (or even previous years) have to compile the tax modules. In the "Ergänzende Veranlagung zur Quellensteue" paragraph, it says that people with other source of revenue should also declare, making a few examples. It also says "oder Vermögen besitzt", but it doesn't without specify any value or amount of liquid money.

My take is that, even if I own >200k CHF on the bank account, I don't have to fill in any tax declaration module.
If anyone else could confirm this, or came to the same conclusion, please share with me/us
Reply With Quote
  #3  
Old 11.03.2020, 14:41
roegner's Avatar
Moderately Dutch
 
Join Date: May 2011
Location: Zurich
Posts: 11,125
Groaned at 369 Times in 310 Posts
Thanked 14,110 Times in 6,568 Posts
roegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond repute
Re: Taxes in ZH with B permit

Wrong as far as I understand this. If you have more than 200k you need to file:


3 Ein ergänzendes Veranlagungsverfahren wird nur durchgeführt, wenn das der Quellensteuer nicht unterworfene steuerbare Einkommen mindestens Fr. 2'500 oder das steuerbare Gesamtvermögen mindestens Fr. 200'000 beträgt.


https://www.steueramt.zh.ch/internet...zstb-93-1.html
Reply With Quote
This user would like to thank roegner for this useful post:
  #4  
Old 14.03.2020, 13:35
Newbie 1st class
 
Join Date: Mar 2020
Location: Zürich
Posts: 10
Groaned at 0 Times in 0 Posts
Thanked 4 Times in 1 Post
naigel has no particular reputation at present
Re: Taxes in ZH with B permit

Thanks for the reference!

I am wondering if this rule is still in force since it's dated back to 199x. I guess not having an expiry date is enough to making it still valid
Reply With Quote
Reply




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
More taxes by permit C? lucerner Finance/banking/taxation 27 05.05.2018 18:00
Best way to pay taxes ? ( C-permit ) TheLaughingCow Finance/banking/taxation 17 30.01.2018 08:40
B -> C permit and taxes Mélusine Permits/visas/government 11 10.09.2013 12:49
Telecommuting, B permit and taxes valex Finance/banking/taxation 1 21.12.2010 11:02
Taxes, B permit versus C permit amogles Permits/visas/government 0 22.08.2008 00:29


All times are GMT +2. The time now is 00:13.


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