Taxes in Switzerland
As legal consultants, we get lots of questions about Switzerland’s taxes from some of our audience and clients.
Just like in every other country, all Swiss citizens and residents are liable to vary of taxes. From income tax to wealth and canton taxes, residents of Switzerland are all accountable to a structured taxation system.
Taxes in Switzerland can be very complicated and confusing. If you need help with taxes, we recommend talking to our tax advisors before your arrival.
Tax solutions in Switzerland
The Swiss tax system can be pretty complicated, and the entire registration process is strenuous, especially if you’re new to the country.
We have a team of specialists and advisors that will ensure you have a stress-free process from tax filing and payment procedures whether you’re a student, businessman, tourist, resident, or intern immigrating to Switzerland.
Tax optimization
We have a tax optimization system that is perfect for expats and residents. This system can relax all the burdens and complex procedures why may face when filing or registering as a taxpayer in the country.
Tax consultation
Over the years, our company have become one of the most reliable companies for managing and fixing all tax and financial issues. In addition, we have a team of experts and accountants that will help relieve the burden of making wrong decisions concerning your finances and filing your taxes.
VAT registration
Since Switzerland is not an EU member state, Switzerland sets its VAT rates and does not follow the standard 15% or above standard rate accepted by most European countries.
Every individual or business that sells goods or services must register and charge the appropriate VAT rate per sale. The vat should be collected and sent to the Swiss tax authorities through a VAT filling.
Bookkeeping
Our company can also provide a comprehensive solution to all your accounting operations and financial report. In addition, our Bookkeeping services offer can support companies and individual businesses with complex daily tasks like auditing, budget preparation, financial management, and business analysis.
Applying for tax return
Tax returns are documents that allow individuals, companies, and businesses to estimate their payable levies and schedule payments. It also allows you to request a refund in cases where taxes are overpaid.
Tax returns show the payable taxes from income, wages, and other applicable profits. Applying for Tax returns cannot be easier with our smooth and precise service procedures.
Register as a taxpayer
Expats planning to reside in the Swiss territory permanently are obliged to pay taxes. The tax payable differs from relationship status (Married/single) to the number of children, religion, wealth, income, businesses, and other applicable profits.
System of taxes and fees in Switzerland
Switzerland’s taxation system is a complex structure that forms a fundamental part of the country’s economic strategy, striking a balance between generating revenue and promoting growth and investment. This system includes various taxes, each subject to an intricate array of regulations and rates. For businesses, investors, and individuals, a comprehensive grasp of this environment is crucial for effective financial management and compliance.
Tax rates
The table below includes several of the most prevalent types of taxes along with their corresponding rates.
| Tax | Tax Rate |
|---|---|
| VAT | 8.1% |
| Corporate income tax | 8.5% (Federal); 12% – 22% (Combined) |
| Personal income tax | 0% – 11.5% (Federal); Up to 36% (Combined) |
| Dividend tax | 35% |
| Capital Gains tax | 0% – 24% (under wealth, profits and trading tax) |
| Property tax | 0.001% – 0.5% |
| Inheritance tax | Varies by Canton |
| International tax | 0% to 35% (treaty dependent) |
| Cryptocurrency tax | 0% (private investors) 7.8%+ (businesses) |
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Bookkeeping
Update records and accounting ledgers are crucial files required by the Swiss tax authorities to ensure transparency. Our company offers solutions that can ease your burden by providing accurate records for both individuals and businesses.
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