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  #21  
Old 15.10.2008, 16:07
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Re: 120K limit in ZH, SZ, ZG

I always wonder, in ZH you have to fill in a tax form when you earn more than like 10k a month. Why does the table for the quellensteuer extend to much much bigger numbers ? Maybe to tax people that work here only a few months would be my guess..
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  #22  
Old 15.10.2008, 16:57
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Re: 120K limit in ZH, SZ, ZG

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I always wonder, in ZH you have to fill in a tax form when you earn more than like 10k a month. Why does the table for the quellensteuer extend to much much bigger numbers ? Maybe to tax people that work here only a few months would be my guess..
Because they tax you at source AND then you complete an end of year tax declaration to work out if you owe more or less tax than you paid in Quellensteuer.
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  #23  
Old 15.10.2008, 17:01
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Re: 120K limit in ZH, SZ, ZG

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I was told that was why the millionaires try to live in Oberaegeri in Zug canton as it has the lowest taxes (it didn't seem to have much else to commend it to me). Mind you that was by a local taxi driver so I wouldn't take it as gospel! There should be a table on the Zug canton website listing the different rates for the different gemindes.
I thought the only reason people would live in Oberaegeri was to be able to afford that big house like back home.
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  #24  
Old 15.10.2008, 18:43
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Re: 120K limit in ZH, SZ, ZG

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OK 120K in Zürich then, this is what I read as well.
Unsure if any bonus paid once a year counts ? I would think so but a confirmation would be appreciated.
Pretty sure that bonus is also taxable - as is interest on overseas savings.
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  #25  
Old 15.10.2008, 19:03
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Re: 120K limit in ZH, SZ, ZG

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I thought the only reason people would live in Oberaegeri was to be able to afford that big house like back home.
Ha ha ha

Good one.
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  #26  
Old 15.10.2008, 21:29
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Re: 120K limit in ZH, SZ, ZG

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Pretty sure that bonus is also taxable - as is interest on overseas savings.
Yes, it's taxable... but does it count to the 120K limit...?
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  #27  
Old 22.10.2008, 23:40
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Re: 120K limit in ZH, SZ, ZG

Great info from everyone but I have a few questions that have not been addressed:

1. If I earn just below the 120K limit what are the chances I will actually get money back if i file a tax return and could someone provide a link to be able to calculate what your tax would be if you filed a return. So that one could check if it makes sense (i.e. will get money back) to file a tax return.

2. I arrived in September of this year so for 2008 my earnings will be much less than my full year earnings. Do you know if I am still taxed based on my full year earnings or is it based on actual wages earned during 2008 (i.e. 4/12 of my yearly salary).

3. I live in Basel-Stadt (I believe it is a high tax canton) so if I understand they tax system correctly I am assuming by paying quellensteuer I might actually be paying less than if I was paying taxes like a normal swiss citizen. Can anyone confirm this is correct.
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  #28  
Old 23.10.2008, 08:14
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Re: 120K limit in ZH, SZ, ZG

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Great info from everyone but I have a few questions that have not been addressed:

1. If I earn just below the 120K limit what are the chances I will actually get money back if i file a tax return and could someone provide a link to be able to calculate what your tax would be if you filed a return. So that one could check if it makes sense (i.e. will get money back) to file a tax return.

2. I arrived in September of this year so for 2008 my earnings will be much less than my full year earnings. Do you know if I am still taxed based on my full year earnings or is it based on actual wages earned during 2008 (i.e. 4/12 of my yearly salary).

3. I live in Basel-Stadt (I believe it is a high tax canton) so if I understand they tax system correctly I am assuming by paying quellensteuer I might actually be paying less than if I was paying taxes like a normal swiss citizen. Can anyone confirm this is correct.
1. Probably. You can also claim a "source tax adjustment" (< 120K) to claim pillar 3a etc. comparis, CS and UBS websites all have calculators.

2. Your 4 months is grossed up (here, x 3) to work out your nominal annual

3. In Zürich city (not canton), you'd usually pay less than a Swiss, resident in the city but more than a Swiss national in, say, Thalwil. I don't know how many Gemeindes BS to calculate the average.
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  #29  
Old 23.10.2008, 22:08
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Re: 120K limit in ZH, SZ, ZG

To enhance gbn's reply to BaselNewbie:

1. Your taxable income depends on permissible deductions, e.g. contribution to 3a provident fund, topping up the pension plan, expenses for traveling to work, educational expenses, excessive medical expenses, caring for dependents, etc. So a precise answer is not possible.

2. Your actual earnings are extrapolated to an annual income (in this case Multiplier 12/4) to determine the tax rate. That tax rate is then applied to the actual 4 months salary.

3. Nationality is irrelevant to taxation rates. Tax deducted at source (TDS) is deducted at the average rate of all communes in the canton. So if you live in a commune that has a higher rate than the cantonal average, then TDS may be less than filing. Of course, when you file, you may claim various deductions. But you are also obliged to divulge all assets and revenues worldwide.
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  #30  
Old 03.06.2009, 00:22
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Re: 120K limit in ZH, SZ, ZG

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1. Probably. You can also claim a "source tax adjustment" (< 120K) to claim pillar 3a etc. comparis, CS and UBS websites all have calculators.

2. Your 4 months is grossed up (here, x 3) to work out your nominal annual

3. In Zürich city (not canton), you'd usually pay less than a Swiss, resident in the city but more than a Swiss national in, say, Thalwil. I don't know how many Gemeindes BS to calculate the average.
Regarding #2:
I have the same issue. I arrived in September, 2008, so I didn't meet the 120K. However, I got taxed hard on moving expenses, so I was hoping for an "adjustment". I saw a tax advisor, and he said that tax was not grossed up, or pro-rated, and I would not be able to file. Not long after speaking with him, I got the papers in the mail to file taxes.

Not sure what to do... should I seek another opinion? Talk to the gemeinde? Talk to HR?
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  #31  
Old 03.06.2009, 09:29
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Re: 120K limit in ZH, SZ, ZG

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Regarding #2:
I have the same issue. I arrived in September, 2008, so I didn't meet the 120K. However, I got taxed hard on moving expenses, so I was hoping for an "adjustment". I saw a tax advisor, and he said that tax was not grossed up, or pro-rated, and I would not be able to file. Not long after speaking with him, I got the papers in the mail to file taxes.

Not sure what to do... should I seek another opinion? Talk to the gemeinde? Talk to HR?
HR is your worst option, they're clueless. Gemeinde may be somewhat helpful. Best option would be to talk to an accountant and file your 2008 taxes.
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  #32  
Old 03.06.2009, 09:35
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Re: 120K limit in ZH, SZ, ZG

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HR is your worst option, they're clueless. Gemeinde may be somewhat helpful. Best option would be to talk to an accountant and file your 2008 taxes.
I *did* meet with an accountant, but he said it was not possible to file for 2008. I guess I'll try to find another one who tells me that I can file.

Thanks.
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  #33  
Old 03.06.2009, 10:14
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Re: 120K limit in ZH, SZ, ZG

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Regarding #2:
I have the same issue. I arrived in September, 2008, so I didn't meet the 120K. However, I got taxed hard on moving expenses, so I was hoping for an "adjustment". I saw a tax advisor, and he said that tax was not grossed up, or pro-rated, and I would not be able to file. Not long after speaking with him, I got the papers in the mail to file taxes.

Not sure what to do... should I seek another opinion? Talk to the gemeinde? Talk to HR?
Same thing happened to me. Just file and you'll get a rebate. You might have to wait a bit though - I've filed another return since then. I heard from somewhere that any rebate can be credited against a future year's liability.
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  #34  
Old 03.06.2009, 13:16
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Re: 120K limit in ZH, SZ, ZG

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I *did* meet with an accountant, but he said it was not possible to file for 2008. I guess I'll try to find another one who tells me that I can file.
change your accountant! the tax liability is prorated. if you move here in 1 july and earn >60kCHF in the rest of the year you will have to make a return. if you get the forms then you HAVE to fill them in. usually it is in your interest to make a return, there are many deductions you can claim to reduce your liability.
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  #35  
Old 03.06.2009, 13:30
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Re: 120K limit in ZH, SZ, ZG

aaahhh a fellow Klotenaar... yup it is v civilised ...

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Kloten is very civilised y'know...



13th month is salary so that counts. 13 x 9800 will do it.

Bonus... er, not sure exactly
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  #36  
Old 03.06.2009, 13:32
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Re: 120K limit in ZH, SZ, ZG

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aaahhh a fellow Klotenaar... yup it is v civilised ...
I went to the Kloten Lidl yesterday, very nice, and very civilized.
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  #37  
Old 03.06.2009, 13:56
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Re: 120K limit in ZH, SZ, ZG

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Regarding #2:
I have the same issue. I arrived in September, 2008, so I didn't meet the 120K. However, I got taxed hard on moving expenses, so I was hoping for an "adjustment". I saw a tax advisor, and he said that tax was not grossed up, or pro-rated, and I would not be able to file. Not long after speaking with him, I got the papers in the mail to file taxes.

Not sure what to do... should I seek another opinion? Talk to the gemeinde? Talk to HR?
You were sent the forms to submit a tax declaration. Then you must file. No need to get any more opinions. If you do not file, then they will nag and (worst case) assess you on an unfavorable arbitrary basis.
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  #38  
Old 03.06.2009, 19:49
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Re: 120K limit in ZH, SZ, ZG

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You were sent the forms to submit a tax declaration. Then you must file. No need to get any more opinions. If you do not file, then they will nag and (worst case) assess you on an unfavorable arbitrary basis.
Agreed. You have no choice.
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  #39  
Old 05.07.2009, 20:37
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Re: 120K limit in ZH, SZ, ZG

the 120K limit for tax at source goes for the family. If you earn 80k and your wife 50k ..you are obliged to do the tax form as you are over the 120k limit
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  #40  
Old 04.04.2012, 11:28
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Re: 120K limit in ZH, SZ, ZG

Hello,
I've got a question, if you earn over the quellensteuer 120k rate (including bonuses ) + Working Partner (or without one)

When do you get "invited" to fill in this form? for someone who has been working here for almost two years and never seen this invitation form/letter sent! do i have to request it? or do they decide when you need to fill it in?

Since i live in Zurich im expecting to owe some money, but with first month relocation pay and 1.5 month salary, i was hit with a pretty hefty tax bill (so i might be owed) and my company dosent do that split up salary over several months for your bonuses, but still no letter in the post...

Help im actually now worried i either may have lost this letter, or thought it was another unimportant German letter i couldn't understand, or having some Polizei coming to my house demanding i owe them a hefty amount of cash!

Last edited by limamichelle; 04.04.2012 at 13:40. Reason: -
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