I work in an international organization in Geneva, which means I don’t pay taxes on my salary. I also have included a pension, so I know nothing about pillars and tax declarations (lucky me).
The idea is to stay working here for some years and if I’m lucky and I can FI, then go somewhere else (Italy, Spain, Greece, Malta, Portugal…).
As from a year ago, I opened an account with Interactive Brokers (UK branch) and I’ve been buying VTI, VWO, VGK and VPL (I thought about VT but I decided to do the allocation myself).
Although my salary is free of taxes, there are some limits. e.g. if I buy a house I would need to pay taxes on it. Which brings me to the question, what should I do with the taxes on my dividends?
So far I’ve filled the W-8BEN form with IB so I’m being withheld “only” 15% from the US.
I have gone to the tax office here in Geneva, but they didn’t know what to tell me. They said an expert would call me later, they took my phone number… and they never called (more than a year since).
I don’t have to pay taxes on the dividends. I could even think of filling the DA1 and take back the 15%?
I have to pay taxes on my dividends. Then I suppose it’s a total of 30%. I need to declare and probably use the DA1 to avoid double imposition. Then pay another 15% to Switzerland (15% were already held in the US).
Legal limbo. I don’t say anything and stay as I am now, only paying 15% to the US and see what happens. Probably not the smartest and might blow in my face eventually.
I’m planning on going again to the tax office and ask, but I wanted to know if there are others in my situation or that might know what to do.