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-   -   Taxes Zurich Canton (https://www.englishforum.ch/finance-banking-taxation/297333-taxes-zurich-canton.html)

giuseppescola 21.03.2020 19:33

Taxes Zurich Canton
 
Hi,
I moved to Zurich in November 2019 with a B permit.
My income is slightly above 120k.
I also own a house abroad in Italy (value should be around 150k€). The house is not rented.

Does anyone have experience with this situation?
Should I declare for this year or no?

Thanks to anyone that will help me figure this out.

Giuseppe

ztm 31.03.2020 18:14

Re: Taxes Zurich Canton
 
Copying from here:


If you are not Swiss, you'll be taxed at source, unless [5, 6]:
  • You have a C permit
  • Your income exceeds CHF 120k/year (applicable to most cantons, but Geneva: CHF 500k/year)
  • Your assets exceed CHF 200k (applicable to canton Zurich)
  • Your non-taxed at source income (e.g. dividends) exceeds CHF 2.5k/year (applicable to canton Zurich)
If your income is above the threshold, the tax authorities will send you a letter informing that you have to declare taxes. This is referred to as Nachträgliche ordentliche Veranlagung. No proactivity is required from your side. If this is the case, by the way, you’ll be taxed at source plus have to file taxes simultaneously. At least until you get a C permit. The difference between the regular tax declaration (what you have to pay) and the withholding tax paid during the period (what you paid) will be debited/credited to you.

Proactivity is required if you meet any of the other conditions. At least to my understanding. The tax authorities can find out systematically about your Swiss income. But I don’t think they can find out about your assets. Especially considering that you might have assets abroad. The same applies for non-taxed at source income. My advice would be to contact the tax office.



In your case the closest trigger would be the CHF 200k in assets (I guess). Are you over CHF 200k if you add the rest of your assets on top of your real estate in Italy? If so, you might want to contact the Zurich tax office.

st2lemans 31.03.2020 19:27

Re: Taxes Zurich Canton
 
You do NOT pay any Swiss taxes on the house in Italy (we have one in Trieste), just Italian taxes, BUT you need to declare it for calculating the tax rates for assets here (less than 1/1000).

Tom

omtatsat 31.03.2020 20:08

Re: Taxes Zurich Canton
 
Quote:

Originally Posted by giuseppescola (Post 3161643)
Hi,
I moved to Zurich in November 2019 with a B permit.
My income is slightly above 120k.
I also own a house abroad in Italy (value should be around 150k€). The house is not rented.

Does anyone have experience with this situation?
Should I declare for this year or no?

Thanks to anyone that will help me figure this out.

Giuseppe

If you dont declare the value of the house and they find out about it then you will be charged for tax evasion. Banks and probably the Tax offices in most countries share all such details with the Tax authorities here.

ZuriRollt 31.03.2020 20:43

Re: Taxes Zurich Canton
 
Quote:

Originally Posted by giuseppescola (Post 3161643)
Hi,
I moved to Zurich in November 2019 with a B permit.
My income is slightly above 120k.
I also own a house abroad in Italy (value should be around 150k€). The house is not rented.

Does anyone have experience with this situation?
Should I declare for this year or no?

Thanks to anyone that will help me figure this out.

Giuseppe

I can’t believe that anyone would be so dumb as to advertise their potential tax evasion here. It probably took me more time to decide whether i comes before e in believe than wasting time on making this post.

omtatsat 31.03.2020 20:47

Re: Taxes Zurich Canton
 
Quote:

Originally Posted by ZuriRollt (Post 3165903)
I can’t believe that anyone would be so dumb as to advertise their potential tax evasion here. It probably took me more time to decide whether i comes before e in believe than wasting time on making this post.

i before e except after c. Which school did you go to?:D

DerDieDas 01.04.2020 10:05

Re: Taxes Zurich Canton
 
Quote:

Originally Posted by ZuriRollt (Post 3165903)
I can’t believe that anyone would be so dumb as to advertise their potential tax evasion here. It probably took me more time to decide whether i comes before e in believe than wasting time on making this post.

Where does he say that he is going to evade taxes? He asks if he needs to file a declaration this year.


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