Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 26.06.2020, 23:43
Newbie
 
Join Date: Jun 2020
Location: Lausanne
Posts: 4
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
natn has no particular reputation at present
Massive increase in tax due to filing a declaration

Hi all, I'm new here, and wondering if anyone has had a similar experience of having to pay a lot more tax on income (like +30%) after filing a tax declaration compared with paying at source.

My wife and I have been working and paying tax at source in Switzerland for a few years, then in 2019 we decided to take the widely given advice and try to optimise our taxes by paying into the third pillar and filing a simplified tax declaration in Vaud were we we live and work.

It turns out the trap was that because we declared a total combined global wealth over 100k or so, we can't used the simplified process, and have to fill in a full tax declaration for 2019.

But when I entered our numbers copied from a salary statements into the VaudTax 2019 software it says we have to pay nearly 1/3 more tax than we did at source! Even after adding all the usual deductions, it's still a couple thousand more that before! And that's without factoring in any wealth tax.

We tried using the official help line though they just said that tax at source and tax based on a declaration works differently and couldn't explain further. But this seems crazy! and surprising given that I've not found any explanation or warnings about it online! Can this be normal?


I thought maybe it's because we were not being taxed as a couple before (despite declaring everything to our employers), but that doesn't seem to explain it, because if I fill in the VaudTax form as if we had a child then it's still about 14% more than at source.
 

Tags
tax at source, tax declaration, vaud, vaudtax




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
Wealth tax declaration - Permit B -> Full Declaration Enohzee Finance/banking/taxation 26 27.09.2019 10:54
Massive increase in charges/fees of rented appartment HailAlistair Housing in general 90 08.04.2018 10:51
UBS trader 'sorry' for massive losses The Local Swiss politics/news 4 23.09.2011 07:57
deadline for filing end of year tax declaration lazylion Finance/banking/taxation 11 23.03.2010 12:04
Is Late tax Filing and Re-Filing possible? Myth Finance/banking/taxation 2 24.02.2010 08:47


All times are GMT +2. The time now is 15:44.


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