Tax declaration

Taxes
119

A question about putting in the “Vermögensverwaltungskosten”.
In BalTax (Basel) I got automatically calculated some silly number (38 CHF).
Based on what they get it, I cannot deduce (38/0.003 = 12667, which is no line item of mine in the Vermögen part…).

I understood one can write down max 0.3% of the “total managed assets”.
As you need to enter it “per account”, i.e. in a table, I was planning to add one line for IB, one for UBS, and put in the “monthly fees” (2x120).
This would still keep it all under the “0.3% rule”, so all good.
Do you also somehow add your VIAC/3rd pillar fees? (e.g. part of 0.5% total mgmt fees)

How do you handle this point yourself?

Cheers, thanks

120

0.3% is ZH guaidance. You’re in the wrong canton

121

…for a non-taxable account? :flushed:

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122

Fun statement. :smile:
I wouldn’t say so, Basel docs also mention 3 promil.

Indeed, I was not thinking from that perspective. Thank you for pointing it out. :slight_smile:

123

I don’t think Baltax calculates anything re fees anywhere, I reckon you have entered that 38 somewhere (or in multiple places) under account fees. Maybe it was copied from last year’s file?
The fees table is generated automatically from the lines in the WV which have fees.
Where I declare IB cash balance in the WV, I write the $120 fees, for example.
No, I don’t think Viac fees count.
WV = Wertschriftenverzeichnis

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124

OK I think I finally “cracked it” (for Basel, BalTax), so I am sharing my approach here - for validation. :slight_smile:

How I did it was:

  1. Find ISIN of the US ETF (e.g. VTI)
  2. Use ICTax to find Valor Nr. (e.g. 1 246 192)
  3. In BalTax, add new entry and first use Valor Nr. with search function, to get my values automatically calculated based on No of holdings
  4. Screenshot Step [3] and cancel that entry - because it classifies it automatically as “B - Ohne VSt.”, which is wrong, we need “DA-1”
  5. Add new entry - without using the search function, but fill in all things manually based on [3], classify as “DA-1”, set US as country (I also filled in the value in CHF immediately rather than using the calculator to add in USD) & Save, as in [5]

Outcome in the generated final PDF report:

  • Antrag auf pauschale Steueranrechnung (DA-1) - now has an entry
  • Antrag auf Rückerstattung des zusätzlichen Steuerrückbehaltes USA - empty

Does that approach and outcome look correct?
Thanks!

[3]

US_ETF_step1_fillwithsearch
US_ETF_step1_fillwithsearch1099×562 96.4 KB

[5]

US_ETF_step2_fillmanual
US_ETF_step2_fillmanual1104×567 84.7 KB

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125

Results looks legit to me. It’s a good idea IMO.

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126

Question to @ hedgehog or anyother that may know.
2019 I paid withholding tax partially since I had permit B and then I moved to permit C. Therefore I need to do the normal tax declaration.
Where shall I put that I had alrady paid 5 months of withholding tax so they take it into account?
Thanks

127

They already know what was paid in, and would send you a letter with the amounts paid in and orange payslips to cover the rest.
If they haven’t you can ping them via email/phone and they will.

128

Follow-up question, for Basel Stadt lot.

The software spits out a PDF report, which kind of has embedded the W/DA-1-style tables.
(“Details zu den Wertschriften 2019” and “Pauschale Steueranrechnung (DA-1) und BS
zusätzlicher Steuerrückbehalt USA (R-US164) 2019 für ausländische Dividenden und Zinsen”)
Does that mean there is no need to fill it/them in additionally?

I have both DA-1 and W paper forms alongside, but they seem to me as repeating what is already provided in the report; so I am reluctant to handwrite superfluous stuff.
If one or both of them need to be filled in - do all get sent along with the tax forms?
Some have - perhaps in other cantons (ZH) - been writing that DA-1 (which is in my understanding the one with which we request “money back” via tax treaties handling) should go somewhere else.

Thanks!

129

That pdf includes everything needed, see the totals for example - “Betrag für Berechnung pauschale Steueranrechnung” & “Zus. Steuerrückbehalt USA”.
No handwritten extras needed!
No need to send anywhere except Kt. BS (unless, you want to get the foreign withholding tax back in D, Fr etc which is a big hassle).

2 Likes
130

You made my day (night). Thanks! :beers:

Finally sending it then these days.
It’s been a struggle but I am happy I went through it, learned a lot. :smiley:
Now just fingers crossed there’s not much to fix once they receive it. :slight_smile:

1 Like
131

I need some help regarding tax declaration for 2019 (yes, pretty late). I am doing it for first time. I’m doing it on ZHPrivateTax (online portal). My german is terrible, so translating everything with google. I got my C permit in April 2019 (I was on Quellensteuer/taxed-at-source) till end of April 2019.

I have following questions/confusions:

  1. I bought 350 units of KBA ETF (US domiciled) on IB in Aug 2019. And received dividends in Dec 2019 (USD 0.4987 per unit). I filled in W8-BEN while opening account at IB. In the section “Wertschriften” of tax declaration portal, I try to enter KBA in list of securities (Wertschriftenverzeichnis) but it is not found! I check ICtax and it is not there either. How do I list my KBA units? And also fill in DA-1?

  2. I am from India and own some mutual funds there. (no transaction done in 2019, no dividends received). I have their ISIN (no valoren numbers as far as I know). Also, India has ~10% capital gains tax (if and when I sell them). Where do I declare them in Tax declaration here in Switzerland? In Vermögen > Übriges Vermögen > Bewegliches Vermögen > Übrige Vermögenswerte, nähere Bezeichnung?

  3. In the entire form I did not find a place to report on the year end balances of my bank accounts. Am I missing something?

Thanks a lot for help.

132

This is also in the Wertschriftenverzeichnis. Instead of choosing e.g. “Aktie” in the category, you choose “Konto”.

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133

I see an “!” (error/warning) in one of the DA-1 sections:

DA-1 Vertreter/in
Vertreter/in, bevollmächtigt zur Entgegennahme von Auflagen und Entscheiden
Vertreterdaten von der Steuererklärung übernehmen
Treuhänder-ID CHE-..-
(Nur vom Kantonalen Steueramt Zürich aufgrund eines TH-Registerantrages individuell zugeteilte Treuhänder-ID eingeben)

What could this mean?

134

I received a report from “special forces” :slight_smile: (Abteilung Spezialsteuern, BS).

All seems mostly well and understandable - they approved (bewilligt) the amount that my tax declaration claimed for the WHT part.

Only one subitem is confusing me, as I cannot find a related number anywhere in my declaration, nor infer it from other numbers somehow:
Under “Ermittlung der anzurechnenden Spesen” (eng. Determination of expenses to be charged) there are 4 parts:

  • Total Wertschriftenerträgnisse
  • Steueranrechnungsberechtigte Wertschriftenerträgnisse (generated by the DA-1 listed items)
  • Prozentualer Spesenanteil (ratio of the 2 above) --> these 3 I get where they come from
  • Anzurechnende Spesen --> Now this is the amount which I cannot match to anything

It is “close” to my claimed WHT (182.50 vs. 177.00), but not really there.
It is then further used in the following section to determine the “max allowable amount” combined with my tax rate.
I would love to understand its source. Any ideas?

Edit: I think I got it!
I specified my Vermögensverwaltungskosten as 278, and this amount 182.50 corresponds to 278 * Prozentualer Spesenanteil (65.64%). :slight_smile:

135

EDIT: Whoops, didn’t notice that the question was months old

Using the ISIN, as a unique identifier used by much of developed Europe.

Unless it’s something that can be exploited for financial gains, the U.S. just prefers their own prehistoric way of identifying things rather than adopting international standard (see also: measurements, bank account numbers, etc.).

The ETF should have an ISIN though.

I think they should (preferably) be declared as mutual funds or investment funds (unless you’re technically prohibited from doing so).

I assume they are irrelevant to your Swiss tax declaration.
I don’t know how and when CGT is charge, but I assume the correct declaration would be declaring gross amounts for the sale of these securities. E.g., you sell 1000 fund units at a price of 1000 INR, you declare sale of securities for one million INR (even if your broker withheld Indian CGT at the time of sale).

136

Thanks anyways, I just listed KBA and mutual fundswith their ISIN numbers and dividends (very small last year) and it all went through fine.

1 Like
137

Hey there,
Im a complete noob in tax declaration (I just got my C permit last year), and also a noob in investing :slight_smile:
I own some ETF, and a few actions too

In canton de Vaud, it seems they made a new version of VaudTax (2.1), but according to what I understand, I cannot use it because of that:
Les situations suivantes ne permettent pas l’utilisation de VaudTax 2.1 et nécessitent l’utilisation de VaudTax 2020 ou un autre logiciel agréé :
3.Revenu ou fortune provenant d’actions, obligations, prêts ou créances, fonds de placement, parts sociales, relevé fiscal bancaire, gain ou mises de loterie, participation qualifiée, comptes et titres commerciaux.

Can anyone confirm me ?

Thank you !

138

You must use VaudTax 2020, then download VaudTax 2021, 2022 etc. every year. VaudTax 2.0 and now 2.1 were recently created to simplify the life of young people who only have a salary and a savings account.

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