Leaving Switzerland - Tax refund possible?

brownie.531 · #1 20.05.2010, 11:55

Hi. I'm about to leave Switzerland in 2 weeks. I resigned from my job and will be moving to the UK.

Since coming to Zurich in 2007, I have been taxed from source as my annual income exceeded the threshold of CHF 120,000.

This year, I have been paid my regular monthly salary from January to May. In addition, I received an additional lump sum in May related to my rank in the bank. **NOTE: My bank taxed this lump sum cash even though I will be putting it into my pension account in Switzerland.

When calculating my GROSS INCOME for the year (i.e. January to May 2010 + lump sum), however, the total just slightly exceeded CHF 120,000.

Could anyone advise whether I am entitled to a tax refund for 2010? Alternatively, can I expect to pay additional taxes?

Thanks and I really appreciate constructive advise.

Goldtop · #2 22.05.2010, 21:14

	Quote:	brownie.531
	Hi. I'm about to leave Switzerland in 2 weeks. I resigned from my job and will be moving to the UK. Since coming to Zurich in 2007, I have been taxed from source as my annual income exceeded the threshold of CHF 120,000. This year, I have been paid my regular monthly salary from January to May. In addition, I received an additional lump sum in May related to my rank in the bank. **NOTE: My bank taxed this lump sum cash even though I will be putting it into my pension account in Switzerland. When calculating my GROSS INCOME for the year (i.e. January to May 2010 + lump sum), however, the total just slightly exceeded CHF 120,000. Could anyone advise whether I am entitled to a tax refund for 2010? Alternatively, can I expect to pay additional taxes? Thanks and I really appreciate constructive advise.

Use the online tax calculator to determine what your tax liability would be if you filed a formal tax return. You can consider filing if there is a substantial refund anticipated.