I have read the tax guide for Swiss investors several times, however there is one thing that I do not understand, maybe you can enlighten me.
Using the Degiro annual report, I have therefore just entered in Getax (I am in Geneva yes :-), each title I own.
Take the example, below, foreign title → Goodfellow CA38216R1001 / domicile of the title = Canada → 25% non resident (PWC)
In the explanatory text, they say that “il n’y a pas de remboursement accordé si le montant de l’imputation forfaitaire est inférieur à 100 CHF. Dans ce cas, le rendement brut doit être diminué de l’impôt étranger non récupérable.”
When the AFC talks about this imputation, I guess he is talking about the dividend. In my case 70 CHF <100 CHF, in this case the gross return must be reduced by the non-recoverable foreign tax.
By going to see on PWC, I saw that there is a convention against the double taxation of 15% between the CH andCANADA, the tax is reduced by 10%.
How do you proceed in this scenario? Cf image at the bottom “Pourcentage d’impôt étranger non récupérable”, suddenly no check mark for the DA-1 form and we make 70x0.10 = 7
70-7 = 63 CHF gross returns not subject to IA correct?
If let’s admit my dividend amounted to 1000 CHF
CH whithholding tax 1000x0.35 = 350 CHF
CANADA withholding tax = 1000x0.25 = 250 CHF given the agreement I simply fill in the 10% non-recoverable tax percentage Getax right?
thank you for your help