The advance tax is a tax levied at the source by the Confederation on various returns of capital movableas well as certain insurance benefits. It is primarily a means of tax technique to fight against tax evasion, by encouraging the taxpayer to report to direct taxes his income taxed anticipatory tax and the wealth from which these revenues come.
Reimbursable under certain conditions (by charging the cantonal and communal taxes, or in cash), the withholding tax does not therefore constitute a definitive charge for taxpayers domiciled who meet their tax obligations. You can have the support of the Income tax Consultant Watson there.
The advance tax mechanism can be represented graphically as follows:
The advance tax mechanism
Real tax, the withholding tax is levied without taking into account the financial capacity of the beneficiary of the taxable benefit.
The tax rate is
The Swiss debtors of the taxable benefits are liable to tax (= taxpayers). They must pay the tax on the taxable benefit and transfer it to the recipient of the taxable benefit by deducting it from the amount they must pay.
The tax debtor must spontaneously advertise to the Federal Tax Administration, submit the required statements and vouchers, and at the same time pay the tax (so-called "self-tax" system).
A default interest is due, without summation, on the amounts of taxes still unpaid at maturity.
As a result of this, the advance tax will be refunded , under certain conditions, to taxpayers domiciled who receive the benefits imposed, who correctly fulfill their tax obligations.
The refund is in particular granted :
To legal entities with their registered office, provided that they regularly record as income the income subject to withholding tax (reimbursement made by the Confederation, more exactly by the Federal Tax Administration).
The beneficiary must submit an application for a refund of the withholding tax within three years after the end of the calendar year in which the taxable benefit is due.
Reimbursable under certain conditions (by charging the cantonal and communal taxes, or in cash), the withholding tax does not therefore constitute a definitive charge for taxpayers domiciled who meet their tax obligations. You can have the support of the Income tax Consultant Watson there.
The advance tax mechanism can be represented graphically as follows:
The advance tax mechanism
Real tax, the withholding tax is levied without taking into account the financial capacity of the beneficiary of the taxable benefit.
The tax rate is
- 35% for investment returns and winnings in lotteries;
- 15% on life annuities and pensions; and
- 8% for other insurance benefits.
The Swiss debtors of the taxable benefits are liable to tax (= taxpayers). They must pay the tax on the taxable benefit and transfer it to the recipient of the taxable benefit by deducting it from the amount they must pay.
The tax debtor must spontaneously advertise to the Federal Tax Administration, submit the required statements and vouchers, and at the same time pay the tax (so-called "self-tax" system).
A default interest is due, without summation, on the amounts of taxes still unpaid at maturity.
As a result of this, the advance tax will be refunded , under certain conditions, to taxpayers domiciled who receive the benefits imposed, who correctly fulfill their tax obligations.
The refund is in particular granted :
To legal entities with their registered office, provided that they regularly record as income the income subject to withholding tax (reimbursement made by the Confederation, more exactly by the Federal Tax Administration).
The beneficiary must submit an application for a refund of the withholding tax within three years after the end of the calendar year in which the taxable benefit is due.
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