Witholding Taxes on US Shares - what documents are required for DA-1 in Zurich

Taxes
1

I’m in Zurich and the guy processing my DA-1 is really anal, and since I’ve only been at IBKR for a year, this is my first tax season having some funds with IBKR, I want to make sure my tax stuff is right from the get go (I’ve been warned about getings things right or forfeiting my right to get a DA-1 reimbursement in the past (no idea whether is really a thing, but I’m not rich or with powerful friends, so I’m assuming I don’t stand a chance against them)).

So, am I correct to assume that with IBRK, I’m in the same boat as with Degiro when it comes to US Shares - they take away 15% which I can claim back and there’s no additional 15% of ‘zusätzlicher Steuerrückbehalt USA’?

What kind of document did you give the tax man? I didn’t find a dividend report from the get go… I do have the yearly activity report which has a ‘Withholding Tax’ and ‘Dividends’ sections - am I right to assume this is what they’ll want to see? When I create my custom report including Dividends and Withholding Tax, I’m getting the same output.

So line items for Withholding Tax would look like this

2024-12-24 VT(US9220427424) Cash Dividend USD 0.8774 per Share - US Tax -3.69

Is that enough to satisfy them or what did you have to provide?

2

Just add the dividend report from the tax documents. (Available in mid March)

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3

It is enough. Because you declare income they don’t want/need other documents.

However, there is a tax dividend report as mentioned. As it usually is only available after the tax deadline I did not add it to the tax declaration the last years.

4

What about implied dividends from etfs with an accumulating dividend approach?
How doni declare them?

5

US-domiciled ETFs are never accumulating, so this is not really related to this topic. If you have accumulating ETFs (e.g., domiciled in CH, IE or LU), enter them in ZHprivateTax in the regular “Wertschriftenverzeichnis” and it should automatically calculate the dividends based on ICTax data.

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6

The ZH tax office added a comment on my withholding tax return this year. They specifically asked to attach form 1042-S or DIV-1099. Thats available in IB under tax statements.

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7

Interesting. I never attach either of these forms and have received the US WHT credit also for 2024 without a comment. I did attach an IBKR activity statement that includes the ‘Withholding Tax’ and ‘Dividends’ sections, though.

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8

Yes did that as well but they specifically asked for the other form going forward

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9

Maybe they realized that activity statement can be incorrect due to withholding refund at year N+1 (tax statement from IB is normally correct and that’s the one I attach).