Categories
Tax filing Taxes

Tax declaration guide (6/6): Abschluss

Almost there! This is the closing theme of the tax declaration guide (and of the tax filing process). It literally deals with ‘closing’ (Abschluss). Most likely you won’t have much to do here. Overseas taxesSteuerausscheidung Let’s first clarify the title of this form. Ausscheidung seems to be a technical term that describes the tax split…Continue readingTax declaration guide (6/6): Abschluss

Categories
Tax filing Taxes

Tax declaration guide (5/6): Vermögen

This entry of the tax declaration guide covers property and capital (Vermögen). This is the fifth theme of the tax filing process. I encourage you (again) to check this out if you want to know more about wealth taxes in Switzerland. Real estateLiegenschaften You must declare the value of all your properties, including those in…Continue readingTax declaration guide (5/6): Vermögen

Categories
Tax filing Taxes

Tax declaration guide (4/6): Wertschriften

The fourth theme in the tax filing process deals with securities (Wertschriften). Both securities and cash in bank accounts belong here. So pretty much everybody has something to declare in this theme. We’ll cover the different forms in detail as part of the tax declaration guide. Both income and wealth taxes derive from Wertschriften. I’d…Continue readingTax declaration guide (4/6): Wertschriften

Categories
Tax filing Taxes

Tax declaration guide (3/6): Abzüge [3/3]

This is the third and final entry of the tax declaration guide on tax deductions. We’ll cover all forms in ‘other deductions’ (Sonstige Abzüge). These are: Charitable donationsGemeinnützige Zuwendungen Illness and accident costsKrankheits- und Unfallkosten Disability related costsBehinderungsbedingte Kosten Additional deductionsWeitere Abzüge Charitable donationsGemeinnützige Zuwendungen You can deduct donations if they exceed CHF 100. My…Continue readingTax declaration guide (3/6): Abzüge [3/3]

Categories
Tax filing Taxes

Tax declaration guide (3/6): Abzüge [2/3]

This is the second out of three entries of the tax declaration guide on tax deductions. We’ll cover: Out-of-pocket expenses for part-time jobsNebenerwerbskosten Interests on debtSchuldzinsen Alimonies and pensions to othersUnterhalt und renten Pillar 3aSäule 3a Insurance premiumsVersicherungsprämien Work-oriented education/coursesBerufsorientierte Aus- und Weiterbildung Expenses for part-time jobsNebenerwerbskosten You can use this form to deduct out-of-pocket…Continue readingTax declaration guide (3/6): Abzüge [2/3]

Categories
Tax filing Taxes

Tax declaration guide (3/6): Abzüge [1/3]

The third theme in the tax declaration process gives you the option to list tax deductions. Tax deductions (Abzüge) bring down your taxable income, effectively helping you pay less taxes. If you’re not familiar with how tax deductions work, I encourage you to have a look at this post. This tax declaration guide will cover…Continue readingTax declaration guide (3/6): Abzüge [1/3]

Categories
Tax filing Taxes

Tax declaration guide (2/6): Einkünfte

The second theme in the tax declaration process has to do with Einkünfte (income). Remember you were asked for sources of income in Persönliches? The boxes you ticked then will determine which forms pop up for you now. This tax declaration guide covers all possible forms. But not all might apply to you. However, you…Continue readingTax declaration guide (2/6): Einkünfte

Categories
Tax filing Taxes

Tax declaration guide (1/6): Persönliches

The first theme in the tax filing process deals with generic personal data (Persönliches). It’s arguably the most important step. Why? Because the input you provide in this theme will decide which forms to navigate you through the rest of the process. We’ll cover all forms as part of the tax declaration guide. Personal detailsPersonalien…Continue readingTax declaration guide (1/6): Persönliches

Categories
Tax filing Taxes

Tax declaration guide (0/6): Intro

About this guide Welcome to the tax declaration guide! This entry is an introduction to a complete, step-by-step, English guide on how to file taxes in Switzerland. The focus of this tax declaration guide is on canton Zurich. Most concepts and steps can be generalized to other cantons. Official guidelines and disclaimer The tax declaration…Continue readingTax declaration guide (0/6): Intro

Categories
ETF investing Investing Tax optimization Taxes

Why invest in US domiciled ETFs

For most Swiss investors, it’s best to invest in US domiciled ETFs. At least to invest in equities. This entry will try to convince you of this statement. We’ll see why US domiciled funds are arguably a better alternative than Irish, Luxembourgish or Swiss counterparts. Five arguments for US domiciled ETFs Broadly speaking, there are…Continue readingWhy invest in US domiciled ETFs