Tax declaration

Taxes
34

sorry, but I think that’s what @hedgehog said here or somewhere else.

  1. No need to send evidence/attachment to normal taxes
  2. Need to send evidence/attachment to DA-1.

I personally would send all stuff for all declarations. Less worries.

2 Likes
35

Each Canton is different, for exemple Waadt explicitly tell you not to send anything.

1 Like
36

Hey, so Canton Zug actually screwed me a bit. I wanted to be honest citizen of Zug and I decided to write an e-mail to tax authorities and inform them that even though I’m taxed at sourced and shouldn’t declare taxes, I can do it for them as I invested significant amount of money last year (and actually I’d like to submit DA-1 to reimburse US dividend tax). In response they send me forms:

  • WV
  • K
  • BA
  • LV/LV+
  • SV/BZ/VO/PB/WB/BK/UK/GZ/MZ/VZ (yes, it’s one form)
  • KDBK

I went to them and asked if I have to fill all of these papers - they didn’t respond anything and just gave me list of local tax advisors in Zug. Perfect! I asked them then if I can submit these papers electronically using eTax.zug software - and they said no.

My question to you guys is - is WV and DA-1 enough? And should I get a tax advisor or should I try to do it myself manually? What happens if I made a mistake - do I get fined?

Thanks in advance for any help!

37

I usually call them if I have a question and it works well. But maybe I only ask simple questions compared to your situation. Usually if you make a mistake and don’r really really try to cheat, they will probably or get more information from you or make you pay the extra tax or even not care at all.
You only go to jail if you falsify documents.

2 Likes
38

Thanks! I’ll try to call them, maybe they will tell me more what should I do.

39

[zg ergänzende veranlagung] → “Wann wird eine ergänzend ordentliche Veranlagung vorgenommen?
Ein ergänzendes ordentliches Veranlagungsverfahren (EOV) wird nur durchgeführt, wenn das an der
Quelle nicht unterworfene steuerbare Einkommen mindestens Fr. 2’000 oder das steuerbare Vermögen
mindestens Fr. 100’000 beträgt.”

Did you earn 2000+ Fr not-already-taxed-at-source income last year or possessed 100k+ taxable wealth as of 31.12.? If no, don’t bother, waste of time and they won’t refund anything either.

15% will stay with IRS no matter what, the question is only do you have to pay more than that to CH or not as the refund will come out of your own CH taxes.

They should have tables somewhere with the answers, ZH calls them Anrechnungstarife. not sure what’s the keyword for ZG.

If it’s a plausible honest mistake and you fully cooperate should they inquire about it, no

2 Likes
40

But now I don’t have the choice I guess? They told me that they will give me time to the end of the year and I have to send the tax declaration…

41

Email them back quoting that bit of their own instruction that I quoted above and say you’re under the limits and so don’t have to file this year, problem solved

1 Like
42

How can I prove them that I had less than 100k at 31.12.2017? Taxable wealth is only bank/borker accounts?

If I understand correctly I have to send them:

  • my PF bank account status (from 31.12.2017)
  • my Polish bank account (converted to CHF from 31.12.2017 rate)
  • my CT investments (with prices from 31.12.2017)
  • my IB investments (with prices from 31.12.2017 and converted from USD to CHF with 31.12.2017 rate)
43

You don’t need to prove anything, just assert it. Maybe state approximate number and say you can supply statements if needed, most likely they won’t bother as it’s not worth their time

They’ll get info on your foreign accounts automatically anyway thanks to AEOI, swiss accounts are protected by bank secrecy though, they have to trust what you say and banks statements if you supply them

2 Likes
44

Small update. It took very long, but the guy from the tax office finally wrote: “If your married couple’s income from assets is less than CHF 2’000 and your joint taxable assets do not exceed CHF 202’000, a supplementary assessment may be waived.”

So, yeah, I just had to confirm over e-mail that this is the case and I’m done for this year.

1 Like
45

How come that when I enter my AAPL stocks it suggests me to move them to the DA-1, while for all other funds I have who paid dividends, the suggestion does not appear and they remain in the WV form?

In fact, if I try to add the same ETFs to the DA-1 form, they are not found from the ISIN number as they were in the WV form. Anybody knows what I am doing wrong? Last year I had very little income from dividends and didn’t care, but this year I got more and would like to do it right and get the 15% paid to the US back…

46

I had the same problem (Zurich tax). When I put VT into WV, it was fine, even loaded the dividends. But in DA-1 form it wasn’t found and I needed to add it all manually. I guess that’s just how it is.

1 Like
47

Funny though because also in the DA-1 form one can search for securities and what returned results in the VW doesn’t in the DA-1

48

Hi all,

first year that I am trying to do this, so I have a question. (sorry if it’s not exactly on topic, as it’s more about reclaiming the 15% from the US)
I understand there should be a W-8BEN form available through IB in their Acc.Mgmt. > Reports > Tax area.
However, at the moment, when I go there, I don’t see anything available yet.
Also when I go to “Availability Dates”, I am unable to locate where W-8BEN should be listed.
Any tips on this part?

Thank you,
D

49

I checked the tax reports yesterday and even though they should have been available Jan 31st, they were not.

2 Likes
50

Hi @dbu, as far as I understand (see also here https://www.interactivebrokers.com/en/index.php?f=1554&p=nonus&conf=am) W8-BEN is filled as you open your account (cause IB is a qualified intermediary).

As they write:
“Forms W-8 are valid for the year in which they are signed and for the next three calendar years. For example, a Form W-8BEN signed on March 5, 2018, remains valid through December 31, 20121, and must be resubmitted to IBKR no later than January 30, 2022. Failure to update your W-8 form will result in withholding on all income including gross proceeds from securities sales.”

Moreover:
“Note: IBKR will send you an email when you are required to resubmit your Form W-8.”

So, I think you will only need to fill DA-1 together with your tax declaration.

3 Likes
52

Thanks @weirded
I do remember there were some US-related treaty details when signing up; I just thought it might have to be specific via forms.
Does that then mean that those first 15% have already been “returned” to me (or to put it better - “not kept” by US) when my dividend was paid out?

Unfortunately I am on Quellensteuer, so no DA-1 for me (in BS).

53

I think when I signed up to IB there was a page where I had to provide TIN and the page was titled something like “substitute for W8-BEN”.

You can check on the website of the provider of your ETF what is the gross dividend per piece. Then you can check at IB how much you got, and how big was the withholding tax. The tax is 15% with the form and 30% without it. So most probably there is nothing that you need to do.

1 Like
54

Indeed :slight_smile:
Just discovered the rich reports available at IB. :smiley:
15% was scraped off - all good!
Thank you,
D