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Old 21.06.2021, 09:25
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US mutual funds - swiss taxation

if i own US mutual funds (via US or UK-based) brokerage - and i am not a US person (not citizen or resident), but a citizen/resident of Switzerland: how the capital gains are tax in Switzerland? and is there any US tax liability (any taxes automatically taken and have to be reclaimed)?

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Old 21.06.2021, 09:43
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Re: US mutual funds - swiss taxation

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if i own US mutual funds (via US or UK-based) brokerage - and i am not a US person (not citizen or resident), but a citizen/resident of Switzerland: how the capital gains are tax in Switzerland? and is there any US tax liability (any taxes automatically taken and have to be reclaimed)?

Thank you!
If you have correctly filed in the paperwork W10 BEN there will be no UH CGT & dividends should be taxed at 15%, that can be reclaimed with your tax return, you then pay Swiss tax at your marginal rate .
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Old 21.06.2021, 09:58
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Re: US mutual funds - swiss taxation

This is a very well done overview IMO: https://www.mypersonalfinance.ch/tax...etf-portfolio/
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Old 23.06.2021, 19:00
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Re: US mutual funds - swiss taxation

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If you have correctly filed in the paperwork W10 BEN there will be no UH CGT & dividends should be taxed at 15%, that can be reclaimed with your tax return, you then pay Swiss tax at your marginal rate .
The 15% you pay to the US can be reclaimed partly, at least in Zurich -- as far as I know the law has changed this year.
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Old 23.06.2021, 19:13
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Re: US mutual funds - swiss taxation

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The 15% you pay to the US can be reclaimed partly, at least in Zurich -- as far as I know the law has changed this year.
Depending on the level of taxable earnings, potentially all is refunded, however it becomes taxable at your marginal rate, which would need to be above 15% to get a full refund. I always got a credit to my bank account within 2 weeks of submitting a tax return.
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Old 24.06.2021, 08:54
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Re: US mutual funds - swiss taxation

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Depending on the level of taxable earnings, potentially all is refunded, however it becomes taxable at your marginal rate, which would need to be above 15% to get a full refund. I always got a credit to my bank account within 2 weeks of submitting a tax return.
It does not depend on the level of taxable earnings.
Starting from this year it depends on the deductions you make (i.e., the 0.3% on your assets).
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Old 24.06.2021, 09:32
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Re: US mutual funds - swiss taxation

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It does not depend on the level of taxable earnings.
Starting from this year it depends on the deductions you make (i.e., the 0.3% on your assets).
So the old rule for low taxable earnings no longer applies? IIRC you needed to earn about 85K in ZH to get a full refund at 40K very little or possibly zero refund. I suspect at the point your marginal rate is below 15% this cuts in.
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