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  #41  
Old 26.06.2014, 04:22
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Re: Wealth Tax in Switzerland - seeking clarification, information

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Apologies for any confusion. Ronak asked a question that I thought fit better in this thread, so I merged it here even though the thread is a bit old.

In a nutshell, he is planning to marry a Swiss woman and move to CH (different thread). He plans to move some of his money from India to here and understands there may be a tax on that money. I'm pretty sure the only tax he will pay is the wealth tax. Thus the merge, as there are some helpful comments here.
Wealth tax may be payable depending on total value (if declared)
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  #42  
Old 27.06.2014, 22:12
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Re: Wealth Tax in Switzerland - seeking clarification, information

If a swiss citizen deposits 1,00,000franks in swiss bank account cash... then is swiss citizen questioned about the source of income... also is the swiss citizen taxable on that cash deposited in bank account...?

PLease let me know
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  #43  
Old 27.06.2014, 22:35
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Re: Wealth Tax in Switzerland - seeking clarification, information

A Swiss resident in Switzerland and liable to tax is likely to be asked about the source of their increase in wealth during the year as part of the review of the tax return.

You are liable to a wealth tax on all your assets, although the percentages involved are relatively small - for example in Geneva it is about 3,000 CHF per year on a fortune of 1,000,000 CHF.
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  #44  
Old 27.06.2014, 23:41
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Re: Wealth Tax in Switzerland - seeking clarification, information

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If a swiss citizen deposits 1,00,000franks in swiss bank account cash... then is swiss citizen questioned about the source of income... also is the swiss citizen taxable on that cash deposited in bank account...?

PLease let me know
The bank might ask, it depends if it's an unusual transaction on your account.
If they ask they will accept what you say, unless they have any reason to doubt you.

Depositing funds does not cause any tax liability, the liability is identical if you hold cash orbits deposited.

The Swiss tax authorities will only know what you tell them, the Swiss banks don't give info as it would be a criminal offense subject to a prison term if they even confirmed you had an account with said bank.
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  #45  
Old 30.06.2014, 22:06
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Re: Wealth Tax in Switzerland - seeking clarification, information

Hi,

Thanks a lot for the reply.

Can you please help me out with the list or let me know where i can find " taxation in different city"
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  #46  
Old 03.07.2014, 11:50
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Re: Wealth Tax in Switzerland - seeking clarification, information

Hi All,

Can you please suggest me that after the marriage I am planning to bring my savings to Switzerland, can you please let me know that how much tax i must pay and what all other charges I must pay to bring the cash from India to Switzerland.

Also I must calculate all, if its find me cheaper I can transfer otherwise I must keep the all the money over here.

Please suggest me if there is some documents to look on or share me some URL on which I can clear my doubt which I have.

Also I wanted to know that for which all City how much is the tax accordingly.

Thanks in advance.
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  #47  
Old 03.07.2014, 12:14
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Re: Wealth Tax in Switzerland - seeking clarification, information

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Hi All,

Can you please suggest me that after the marriage I am planning to bring my savings to Switzerland, can you please let me know that how much tax i must pay and what all other charges I must pay to bring the cash from India to Switzerland.

Also I must calculate all, if its find me cheaper I can transfer otherwise I must keep the all the money over here.

Please suggest me if there is some documents to look on or share me some URL on which I can clear my doubt which I have.

Also I wanted to know that for which all City how much is the tax accordingly.

Thanks in advance.
The tax liability if your a Swiss resident is identical if you leave the money in India or bring it here, so the questions are where do you plan to live & will you fully declare your wealth.
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  #48  
Old 03.07.2014, 12:18
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Re: Wealth Tax in Switzerland - seeking clarification, information

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Can you please suggest me that after the marriage I am planning to bring my savings to Switzerland, can you please let me know that how much tax i must pay and what all other charges I must pay to bring the cash from India to Switzerland.
For tax you can get ball park figures from here:
http://tools.datahouse.ch/steuervergleich/
(It was easiest I found which supports wealth tax)

Just plug in your taxable income (*) in "Steuerbares Einkommen" you can enter 0 if you are only interested in the wealth tax.
Your worldwide (**) taxable asset in "Steuerbares Vermgen".
Two Swiss towns in "Wohnort bisher" and "Wohnort neu".
Zivilstatus "verheiratet" == married. "ledig" == single.
Hit on "Vergleichen". Total tax are the bold values in the result.


(*) To guesstimate taxable income from gross income: gross income - 12% - CHF 10000.
(**) See fatmanfilms comment above.

Last edited by aSwissInTheUS; 03.07.2014 at 12:30.
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  #49  
Old 03.07.2014, 13:06
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Re: Wealth Tax in Switzerland - seeking clarification, information

Hi,

I am planning to Neauchetel.

Can you please say me.
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  #50  
Old 03.07.2014, 13:12
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Re: Wealth Tax in Switzerland - seeking clarification, information

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Hi,

I am planning to Neauchetel.

Can you please say me.

Hi Ronak,

Just some advice, since you are getting married:
In Switzerland, if you ever divorce, all money /fortune /houses bought after marriage are split 50%/50% between the two. Any money you had before is yours. So, if I were you, it's in your interest to declare all you have anywhere in the world, now (before marriage), as otherwise you risk your wife taking 50% of it, if things turn bad...

Tax on fortune is really, really small. Foreign properties are not taxed, but still need to be declared (for reasons I said earlier). Otherwise, why would all these millionnaires live here?
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  #51  
Old 03.07.2014, 15:03
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Re: Wealth Tax in Switzerland - seeking clarification, information

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Hi Ronak,

Just some advice, since you are getting married:
In Switzerland, if you ever divorce, all money /fortune /houses bought after marriage are split 50%/50% between the two. Any money you had before is yours. So, if I were you, it's in your interest to declare all you have anywhere in the world, now (before marriage), as otherwise you risk your wife taking 50% of it, if things turn bad...
Sorry, but this is so not true. Fortunes are NEVER EVER split 50/50.
Also previous assets may or may not be split 50/50. Likewise a house bought from funds of previous assets or fortune is normally not split 50/50.

Please read the Swiss law before you say anything more.
http://www.admin.ch/opc/en/classifie...ndex.html#a181

It all depends on the chosen marital property regime:
Participation in Acquired Property (Default)
Community of property.
Separation of property.

Last edited by aSwissInTheUS; 03.07.2014 at 15:07. Reason: fixed quoting
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  #52  
Old 03.07.2014, 15:16
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Re: Wealth Tax in Switzerland - seeking clarification, information

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Can you please say me.
Me.
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  #53  
Old 03.07.2014, 15:36
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Re: Wealth Tax in Switzerland - seeking clarification, information

:-)
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  #54  
Old 03.07.2014, 17:32
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Re: Wealth Tax in Switzerland - seeking clarification, information

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:-)
Yearly wealth tax for a married couple in Neuchtel City (Note in a marriage, assets of wife and husband are added up and taxed together).

Total net assets - Yearly tax.
Bellow 91k - This is officially considered as poor. Wealth tax is zero.
CHF 91k - CHF 0.50
CHF 100k - CHF 52
CHF 125k - CHF 196
CHF 150k - CHF 340
CHF 200k - CHF 628
CHF 300k - CHF 1.2k
CHF 400k - CHF 1.85k
CHF 500k - CHF 2.6k
CHF 600k - CHF 3.4k
CHF 700k - CHF 4.3k
CHF 800k - CHF 5.2k
CHF 900k - CHF 6.2k
CHF 1M - CHF 6.9k
CHF 10M - CHF 69k
CHF 100M - CHF 691k
CHF 1000M - CHF 6.91M
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Old 03.07.2014, 17:36
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Re: Wealth Tax in Switzerland - seeking clarification, information

aSwissInTheUS

Thanks, but can you please tell me from where did you get all these information from,

I want also to know about Geneva, Bern, Zurich and all the cantons.
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  #56  
Old 03.07.2014, 17:45
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Re: Wealth Tax in Switzerland - seeking clarification, information

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aSwissInTheUS

Thanks, but can you please tell me from where did you get all these information from,

I want also to know about Geneva, Bern, Zurich and all the cantons.
All explained in this post.

You have to enter French or German town names. Geneva would be Geneve or Genf. Google Maps displays all town names in local language. Hint: you can write just a for , , ; e for , , ; o for ; u for etc.
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  #57  
Old 09.05.2018, 15:41
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Re: Wealth Tax in Switzerland - seekign clarification, information

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Lets put the wealth tax in real numbers:

Example Kanton Zurich:
1 million CHF in CH bank accounts
House overseas value 250k CHF
Total wealth 1.25m CHF
Tax rate applicable for 1.25m = 1.016%
Tax charged only on CH assets ie only on 1m = total wealth tax of CHF 1016.-

Same example with lower figures:
200k CHF in CH bank accounts
House overseas value 250k CHF
Total wealth 450k CHF
Tax rate applicable for 200k = 0.445%
Tax charged on CH assets = total wealth tax of CHF 89.-

Hello All

Is the money in overseas bank taxed too ?

Like : 200k CHF in CH bank accounts
200k CHF in Overseas bank accounts

what will be tax charges and on what amount ?
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  #58  
Old 09.05.2018, 15:48
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Re: Wealth Tax in Switzerland - seeking clarification, information

Yes, depends on your cantonal wealth tax rates and all of it.
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  #59  
Old 09.05.2018, 15:53
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Re: Wealth Tax in Switzerland - seeking clarification, information

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Yes, depends on your cantonal wealth tax rates and all of it.
HI

This is for Kanton Zurich. Wanted to know what will be taxed wealth amount
200k or 400k

Like : 200k CHF in CH bank accounts
200k CHF in Overseas bank accounts
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  #60  
Old 09.05.2018, 15:55
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Re: Wealth Tax in Switzerland - seeking clarification, information

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HI

This is for Kanton Zurich. Wanted to know what will be taxed wealth amount
200k or 400k

Like : 200k CHF in CH bank accounts
200k CHF in Overseas bank accounts
400k
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