I did a lot of research (here and elsewhere) in the last period, but I didn’t find a clear, summarized, recent discussion/guide on the preparation of the tax declaration, thus mainly documents.
A bit of context: I’m a 27 years old Swiss citizen living in Ticino. I have around 30k in bank and 5k in IB (to be invested shortly in VT and in the future adding bonds, diversifying with the 5 factors for stocks and tilting away from US; I’m very open to critics here). I’ll start working next year (income around 80k). For the Pillar 3a, I will open the classic 5 accounts with VIAC (80% world), investing the max (7k) each year and the rest of my savings in my accumulation strategy (VT, etc in IB).
Preparation for the tax declaration: I should keep expense records for what I can deduct from the taxes and prepare the following documents of the previous year:
health insurance summary
bank accounts summary
salary certificates
IB accounts summary (for this I have no experience, but I guess it will be easy to export)
DA-1 for the withholding tax with USA dividends 2022 - DC (DFE) - Repubblica e Cantone Ticino (with only accumulating ETF, I think I don’t need it, but for completeness I added it)
I have no experience with bonds (ETFs and real ones), so I don’t know which document you should prepare.
If I missed something or you have any remark/critic, please comment below; thanks!
to claim back the withholding tax there is a minimum thresold of 100 CHF - iirc - which, assuming a yield of 2%, you will reach at ca. 35k invested in VT → no reason to bother with DA-1 as of now
Yes this is exactly what I meant, thank you for the clarification
@DonCammne you find the reference in the DA-1 form from the link you posted; footnote 4 in the last page “Se le imposte estere non ricuperabili (col. 8) non superano complessivamente I 100 franchi, il computo non viene concesso”. Anyway, if you are planning to buy VWCE: that ETF is an European one which should not have any explicit Withholding tax to claim → another reason not to bother with DA-1
Thank you again for the explanation! Maybe when I’ll have more money and I’ll switch to a more distributing strategy, I’ll check for it again (probably in a FIRE future prospective)
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