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  #21  
Old 26.11.2020, 20:21
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Re: Taxes in Switzerland

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Frankly, if I was 33 and single with 200k, I would pay the tax and live in Zurich. Enge or Wiedikon maybe. Going to cost also for rent and commute, but still plenty left of that salary.
You wouldn't be tempted to live in Frick?
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  #22  
Old 26.11.2020, 20:24
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Re: Taxes in Switzerland

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You wouldn't be tempted to live in Frick?
Oh, I totally would if it wasn't for that long commute to Pfaffikon.
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  #23  
Old 26.11.2020, 20:37
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Re: Taxes in Switzerland

OK guys, I was contacted by HR and asked about the net pay question. They told me chf 11,500 given all the inputs I gave them but suggested there is room for an accountant to optimise things.

What is there for an accountant to do? All the inputs are binary.. You are either single or not. and re age not sure they can just add years...
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  #24  
Old 26.11.2020, 20:57
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Re: Taxes in Switzerland

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OK guys, I was contacted by HR and asked about the net pay question. They told me chf 11,500 given all the inputs I gave them but suggested there is room for an accountant to optimise things.

What is there for an accountant to do? All the inputs are binary.. You are either single or not. and re age not sure they can just add years...
There might be additional things you can deduct, more for a tax advisor than an accountant. But honestly, given the super low tax rates in that part of SZ, tax deductions are not that interesting. On a 1000 CHF deductible spend (e.g. for education), you get ca. 100 CHF less tax payment.

Again, optimize your life rather than your tax position.
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Old 26.11.2020, 21:16
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Re: Taxes in Switzerland

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OK guys, I was contacted by HR and asked about the net pay question. They told me chf 11,500 given all the inputs I gave them but suggested there is room for an accountant to optimise things.

What is there for an accountant to do? All the inputs are binary.. You are either single or not. and re age not sure they can just add years...
They’re miles out. It’s possible I guess that you would pay that initially in withholding tax, but you’d get big chunk back when you file a tax return. CHF 150k as previously said looks about right.
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  #26  
Old 26.11.2020, 21:25
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Re: Taxes in Switzerland

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OK guys, I was contacted by HR and asked about the net pay question. They told me chf 11,500 given all the inputs I gave them but suggested there is room for an accountant to optimise things.

What is there for an accountant to do? All the inputs are binary.. You are either single or not. and re age not sure they can just add years...
It'll be significantly more than that. I'm around that level on 40k less than you - and in a higher tax Kanton.
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  #27  
Old 26.11.2020, 22:23
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Re: Taxes in Switzerland

It will be exactly that I'm afraid. This is my second month in Canton Schwyz. The first payment was for a month and a bit so not representative.

I received my payment the other day for the month of November. Our details couldn't be more similar. Has my boss hired someone to replace me?!

Permit B, similar age, Christian Orthodox (so no religion for CH), not married, no kids, same salary, same pension deduction, live in the area you are considering (not much happening here btw!).

11’526.75 to be precise.

From my payslip and also put in excel and created a screenshot as the below might not be visible when I post it.

Lohnart Bezeichnung Anzahl Ansatz Betrag Total
5100 Monatslohn 16’666.65
Total Zulagen / Bruttolohn 16’666.65

101 AHV-Beitrag 16’666.65 5.28% -879.15
201 ALV-Beitrag 12’350.00 1.10% -135.85
202 ALVZ-Beitrag 4’316.65 0.50% -21.6
1410 BVG-Beitrag -1’166.65
1710 Quellensteuer in % (Tarifcode='A0N') 16’666.65 17.62% -2’936.65
Total Abzüge -5’139.90
Nettolohn 11’526.75
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File Type: jpg salary.jpg (70.3 KB, 47 views)
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  #28  
Old 26.11.2020, 23:02
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Re: Taxes in Switzerland

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It will be exactly that I'm afraid. This is my second month in Canton Schwyz. The first payment was for a month and a bit so not representative.

I received my payment the other day for the month of November. Our details couldn't be more similar. Has my boss hired someone to replace me?!

Permit B, similar age, Christian Orthodox (so no religion for CH), not married, no kids, same salary, same pension deduction, live in the area you are considering (not much happening here btw!).

11’526.75 to be precise.

From my payslip and also put in excel and created a screenshot as the below might not be visible when I post it.

Lohnart Bezeichnung Anzahl Ansatz Betrag Total
5100 Monatslohn 16’666.65
Total Zulagen / Bruttolohn 16’666.65

101 AHV-Beitrag 16’666.65 5.28% -879.15
201 ALV-Beitrag 12’350.00 1.10% -135.85
202 ALVZ-Beitrag 4’316.65 0.50% -21.6
1410 BVG-Beitrag -1’166.65
1710 Quellensteuer in % (Tarifcode='A0N') 16’666.65 17.62% -2’936.65
Total Abzüge -5’139.90
Nettolohn 11’526.75
Please read my last post. When you file your taxes, you’ll get a refund. The withholding tax you pay is the average of tax for the canton. Freienbach is the lowest tax Gemeinde in the canton.
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  #29  
Old 26.11.2020, 23:27
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Re: Taxes in Switzerland

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Please read my last post. When you file your taxes, you’ll get a refund. The withholding tax you pay is the average of tax for the canton. Freienbach is the lowest tax Gemeinde in the canton.
True, but SZ is generally quite cheap. So not sure the difference (which is only on municipal level) is that huge. I am in Lachen and get a bit, but not tons of pre-paid tax back. But I am also in C2N and Lachen is a bit more expensive than Freienbach.

I think the canton needs to tax these 200k singles way more to give families relief

Last edited by komsomolez; 26.11.2020 at 23:38.
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  #30  
Old 26.11.2020, 23:40
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Re: Taxes in Switzerland

Is there a timeframe for the government to refund the portion of withholding tax one overpays following filing of the tax return? Does it make any difference if the accountant is average (meaning is it a vanilla process or a top one is needed?)

@eyebeebe - when I was using this calculator https://www.lohncomputer.ch/de/ergebnis/ the result was not too far off from my net pay. In fact it seems I am getting more: 200k - 7% for company's pension: 186k/annum or 15.5/month. The calculator gives 11'237.33 net, or 134.8k.
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  #31  
Old 26.11.2020, 23:50
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Re: Taxes in Switzerland

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Is there a timeframe for the government to refund the portion of withholding tax one overpays following filing of the tax return?

Does it make any difference if the accountant is average (meaning is it a vanilla process or a top one is needed?)
The timeframe is for you to do a proper tax filing. If you just got here and will not hit 120k in 2020, call the tax office (cantonal) and tell them that you expect to be above 120k annualized and therefore would like "normal taxation". Worked for us when we got back here in Q3 18 and immediately (i.e. early 2019) got to do proper tax filing.
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  #32  
Old 27.11.2020, 00:20
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Re: Taxes in Switzerland

Got it! So no accountant needed. Thank you

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The timeframe is for you to do a proper tax filing. If you just got here and will not hit 120k in 2020, call the tax office (cantonal) and tell them that you expect to be above 120k annualized and therefore would like "normal taxation". Worked for us when we got back here in Q3 18 and immediately (i.e. early 2019) got to do proper tax filing.
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  #33  
Old 27.11.2020, 00:30
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Re: Taxes in Switzerland

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It will be exactly that I'm afraid. This is my second month in Canton Schwyz. The first payment was for a month and a bit so not representative.

I received my payment the other day for the month of November. Our details couldn't be more similar. Has my boss hired someone to replace me?!

Permit B, similar age, Christian Orthodox (so no religion for CH), not married, no kids, same salary, same pension deduction, live in the area you are considering (not much happening here btw!).

11’526.75 to be precise.

From my payslip and also put in excel and created a screenshot as the below might not be visible when I post it.

Lohnart Bezeichnung Anzahl Ansatz Betrag Total
5100 Monatslohn 16’666.65
Total Zulagen / Bruttolohn 16’666.65

101 AHV-Beitrag 16’666.65 5.28% -879.15
201 ALV-Beitrag 12’350.00 1.10% -135.85
202 ALVZ-Beitrag 4’316.65 0.50% -21.6
1410 BVG-Beitrag -1’166.65
1710 Quellensteuer in % (Tarifcode='A0N') 16’666.65 17.62% -2’936.65
Total Abzüge -5’139.90
Nettolohn 11’526.75
I guess having a (stay at home) wife and daughter reduces the tax rate and claws in some extra child benefit!
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  #34  
Old 27.11.2020, 01:29
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Re: Taxes in Switzerland

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It will be exactly that I'm afraid. This is my second month in Canton Schwyz. The first payment was for a month and a bit so not representative.

I received my payment the other day for the month of November. Our details couldn't be more similar. Has my boss hired someone to replace me?!

Permit B, similar age, Christian Orthodox (so no religion for CH), not married, no kids, same salary, same pension deduction, live in the area you are considering (not much happening here btw!).

11’526.75 to be precise.

From my payslip and also put in excel and created a screenshot as the below might not be visible when I post it.

Lohnart Bezeichnung Anzahl Ansatz Betrag Total
5100 Monatslohn 16’666.65
Total Zulagen / Bruttolohn 16’666.65

101 AHV-Beitrag 16’666.65 5.28% -879.15
201 ALV-Beitrag 12’350.00 1.10% -135.85
202 ALVZ-Beitrag 4’316.65 0.50% -21.6
1410 BVG-Beitrag -1’166.65
1710 Quellensteuer in % (Tarifcode='A0N') 16’666.65 17.62% -2’936.65
Total Abzüge -5’139.90
Nettolohn 11’526.75
Very helpful thanks. I can see you have not made a pullar 2 pension contribution have you?
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  #35  
Old 27.11.2020, 01:47
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Re: Taxes in Switzerland

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Frankly, if I was 33 and single with 200k, I would pay the tax and live in Zurich. Enge or Wiedikon maybe. Going to cost also for rent and commute, but still plenty left of that salary.
That's quite feasible for the Zurich end of Schwyz, yes. With a high salary it would be easily affordable and much more interesting for most young guys. But the OP seems more interested in the money than the lifestyle (as he's perfectly free to be).
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  #36  
Old 27.11.2020, 08:40
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Re: Taxes in Switzerland

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True, but SZ is generally quite cheap. So not sure the difference (which is only on municipal level) is that huge. I am in Lachen and get a bit, but not tons of pre-paid tax back. But I am also in C2N and Lachen is a bit more expensive than Freienbach.

I think the canton needs to tax these 200k singles way more to give families relief
That’s not 100% correct. The municipality of Höfe (Gemeinden Freienbach, Wollerau and Schindellegi-Feusisberg) are super low, parts of municipality March are as you say a bit higher - Altendorf and Lachen, but check out the difference between you and eg Galgenen. The rest of the canton isn’t so great. Take a look at Einsiedeln. So overall it can make quite a difference.

I looked back at when I earned around that much and can confirm that 150k is indeed the right ball park. I’ve always been on a c permit in Schwyz though, so can’t comment on any refund of withholding tax.
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  #37  
Old 27.11.2020, 09:11
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Re: Taxes in Switzerland

For illustration rather than calculation, but still interesting. Rates are from 2015, so will have changed a bit, and note that this does not include federal tax which is obviously the same everywhere.

https://interaktiv.tagesanzeiger.ch/...euerbelastung/
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  #38  
Old 27.11.2020, 10:12
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Re: Taxes in Switzerland

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Got it! So no accountant needed. Thank you
My advice to you would be to get an accountant to do it with you the first year. Then he can explain all possible deductions etc. I find it is pretty traightforward and there is not that many "fancy things" to do to lower taxation.

Then the years after you can do yourself.

Or read the forum, plenty of tips here too

K
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  #39  
Old 27.11.2020, 11:05
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Re: Taxes in Switzerland

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My advice to you would be to get an accountant to do it with you the first year. Then he can explain all possible deductions etc. I find it is pretty traightforward and there is not that many "fancy things" to do to lower taxation.
I went to the tax office in Lugano, and a guy there helped me fill it out (and spoke fluent English, as my Italian sucked 30 years ago), cost 0.

Tom
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Old 30.11.2020, 00:34
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Re: Taxes in Switzerland

Not sure what is going on, but Quote is not working well..


About this reply the payslip is describes is stated:


101 AHV-Beitrag 16’666.65 5.28% -879.15
201 ALV-Beitrag 12’350.00 1.10% -135.85
202 ALVZ-Beitrag 4’316.65 0.50% -21.6
1410 BVG-Beitrag -1’166.65
1710 Quellensteuer in % (Tarifcode='A0N') 16’666.65 17.62% -2’936.65
Total Abzüge -5’139.90
Nettolohn 11’526.75





If I check the withholding tax amount reported vs the official one in posted before:


https://www.sz.ch/unternehmen/auslae...3-441-439-4667

Tarif A0N with no church taxes, and for the amount range between 16,651 to 16,700 I can get 2,142 deduction (12.85 %)


Here is stated a 17.62% - What am I doing wrong to get a different result?
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