Just saw on reddit that there’s a new service that generates a Swiss eTax document for a IBKR account. It’s a third-party service to be clear, so you’d have to trust them with your data.
It costs CHF 50 (and CHF 30 when pre-ordering until the end of the year). Not for me, but maybe for those with lots of transactions.
From datalevel regarding accumulating etfs:
„ Bei der Erstellung eines Steuerauszuges gleichen wir die Wertpapiere und deren Ertrags-Events mit der jeweils aktuellsten Kursliste der eidgenössischen Steuerverwaltung (ESTV) ab. Als Teil dieses Prozesses werden steuerlich relevante Thesaurierungen dazu generiert, d.h. entsprechend ausgewiesen auf dem Auszug.
Unser Datenzugriff beschränkt sich auf das Lesen der Daten, korrekt.
„
I will try and let you know
I will try out their service this year. After adding their administrator account you can define roles, which would be reporting. I’m afraid for reporting correctly to the tax authorities they need some personal details. They adhere to the data protection laws of Switzerland.
They have a certificate to sign the report and it is accepted in electronic form from all Kantons in their electronic declaration solution.
I asked them about the electronic import in which Kantons and what would happen to equities that are not in the ICTax list, this is the answer:
Vielen Dank für Dein Interesse an unseren Services.
Wir produzieren einen vollumfänglich kompatiblen CH E-Steuerauszug, der von offizieller Seite zertifiziert ist, d.h. mit Barcode. Er lässt sich von den Deklarationslösungen sämtlicher Kantone einlesen.
Auch Aktien, welche sich nicht in der Kursliste der ESTV befinden, werden abgebildet. Hier wird anstelle des ESTV-Steuerkurses, der von IBKR verfügbare Kurs, oder alternativ der Mittelkurs der europäischen Zentralbank (EZB), verwendet. Die relevanten Ertrags-Events werden 1:1 von IBKR übernommen. Ein Abgleich bzgl. DA-1, d.h. besitzt die Schweiz mit dem Ursprungsland ein Doppelbesteuerungsabkommen, wird ebenfalls durchgeführt, zur Zuordnung der richtigen Kategorie auf den Steuerauszug.
Wir hoffen, Dir mit diesen Angaben gedient zu haben.
Lieber Gruss
Dein datalevel Team
So DA-1 is done, stocks not in the list are included with the values from Interactive Brokers and the resulting electronic document can be scanned in all Kantons.
Clever idea, CHF 30 just to run a program and a lot of potential clients (almost all clients of IB from SwitzerlandI’d say). I save 16 hours of work and a big source of error (myself) for that money, great!
I’ll let you know about the progress.
While writing this I already got an e-mail that the administrator link worked.
Entering to IBKR there seems to be no way to define the user rights. I suppose it is reporting by default or that it may take a day or two to be able to do so.
They will produce the report and then send a link to pay for and download it.
As they charge after creating you keep getting those links until you delete the administrator, what you can do anytime. If it is active in the first quarter the report will be produced.
In the help section of IBKR the page for administrators looks like this:
Now in my account the “settings” symbol is missing. Probably this takes a few days. Anybody has experience with that?
Anyhow, in another help page they say a newly created administrator is limited to reporting anyhow.
Also I do not have defined any user roles. Maybe that is needed to be able to configure the administrators further. No need for it if it is only reporting like in my case…
I understand the admin account cannot be customized in rights. I find Admin a „strong“ word for this as it only gives read only rights for reports.
. Ibkr has the option to create user roles which can be customized - for some reason (probably setup complexity) - data level chose not to use that concept.
I find it reasonably save and datalevel seems trustworthy (looking at certifications, their com and background). And the value is very high for me.
You probably have an IT understanding of this term, while they use more like financial and management meaning. An admin is not a boss, it’s an employee doing admin tasks.
My concern would be how good is their security? If they get hacked, they have a ready made list of high value targets up for grabs along with contact details and address and assets available to steal…
So does the tax office and your bank. To get a certificate to sign your statement datalevel has to adhere to the same standards, data protection and banking secrecy laws.
BTW: In Switzerland you can view the tax statement of anybody in most Kantons anyhow.
I’ll give it a try. Will save me 12 hours of work and then 4 hours of finding errors, every year a bit more because I’m getting old. And it will probably safe the same amount of time to the tax lady.
It is an electronically signed statement, errors are no longer my concern.
Yes, the correctness of the signed statement. If the statement is wrong for any reason… that is why it is signed. If UBS sends you a wrong statement and signs it, how are you supposed to check it, the signed statement is your source.
Anyhow, the worst source of error is eliminated… me.
For CHF 30 (last year, now 50) this company does the same for Interactive Brokers:
Have you used their services? What’s your impression?
I think it is the first year they are offering that. Will let you know how it worked.
Apparently I have to wait for an email in the first quarter of the year, then pay and then download the pdf. Quite clever, you have no subscription, just don’t pay if you don’t want it any longer.
I tried linking my IBKR account by following the steps in their onboarding guide, but it didn’t work for me.
I don’t see an option to link my existing account to an administrator, but rather Advisor/Broker. When choosing that option, and entering the information the required information, I get the following message: The supplied account does not support this type of linkage.
Open a ticket and ask how you should proceed.
I assume there is a administrative thing or two involved. They probably need a certificate for their signature. They need to adhere to the Swiss data protection and banking secrets law. And they probably need that for every Kanton.
The other posts have been split off, so I’ll just leave a link here so people know that there’s an open source tool to generate the eTax document:
https://forum.mustachianpost.com/t/programmatic-tax-return/11908/57?u=philmongoose
Today I got the datalevel pdf. Did my tax in less than an hour (instead of 15 hours). Worth every penny.
Debt in 3 currencies, 47 pages only. Did report some unneeded positions that were closed and did not pay dividends, but I don’t care.
Did not add the IB reports, lets see if they want id for DA-1.
Actually I wasn’t sure how it works, so I did ask for time extension until August already. Maybe I wait a little now, it is just pressing a button…
What is interactiveBrokers gets hacked?
How? They would need to steal his phone (verification) and cut off his face for face ID.
Probably kidnapping at gunpoint is easier, indeed.
But at that point, everyone could get kidnapped for their banking info.
