Expat Tax in Switzerland
Senior executives and specialists with special professional qualifications who are temporarily posted to Switzerland by their foreign employer (expatriates) can pay direct federal tax in addition to professional costs according to the Swiss Professional Costs Regulation. A temporary employment is considered to be temporary for a maximum period of five years. The deductibility of special […]
New US income tax rates under Trump’s Tax Cuts & Jobs Act affect already the 2018 U.S. tax payment
Introduction: The U.S. tax system applies the ‘pay-as-you-earn’. Therefore, there is a direct withholding system set up by American companies to meet this tax withholding requirement. If one works in the U.S., the American employer is required to withholding taxes and submit these withholdings to the Internal Revenue Services. As most of our clients work […]
When does a person become tax eligible from the first day in Switzerland?
A short stay in Switzerland, for example, for one week, doesn’t mean that it falls under the 183 days rule and is automatically tax exempt. Short stays for work in Switzerland are only tax exempt when all the following questions can be answered by a NO: Does the nature of the service / work rendered […]
NEW Swiss VAT rule for suppliers based abroad
Businesses whose entire annual turnover from taxable supplies on Swiss territory AND abroad is less than CHF 100,000 (CHF 150,000 for charitable institutions and non-profit-oriented sports and cultural associations), are exempt from VAT liability. CONCLUSION; Small businesses with an annual turnover of about 88’800 Euros worldwide (or just in the country where they are based) […]
Work abroad which doesn’t need to be taxed abroad
Income of employees working abroad needs to be taxed, but from where and when? Companies are rather unsure when the work from their employees needs to be taxed abroad. Income needs to be taxed in the country where the work is physically executed, so theoretically every day working abroad would need to be taxed. To […]
Changes in the Double Tax Agreement AUS / Switzerland
Article 4; Definition RESIDENT ‘1. For the purposes of this Convention, the term “resident of a Contracting State” means any person who, under the laws of that State, is liable to tax therein by reason of his domicile, residence, place of management or any other criterion of a similar nature, and also includes that State […]