Instruction of the Department of Finance on the supplementary assessment in respect of the collection of withholding taxes
|
|
- Sharyl Casey
- 5 years ago
- Views:
Transcription
1 Instruction of the Department of Finance on the supplementary assessment in respect of the collection of es (of 23 November 1998) A. Precondition for supplementary assessment 1 Foreign employees shall be subject to supplementary assessment if, in addition to their income subject to, they have additional income or property not taxed at source. 2 The following items shall be considered as supplementary taxable income: exceptionally not taxed at source from non-self-employed gainful employment (e.g. from income for non-self-employed gainful employment paid from abroad) from self-employed gainful employment OASI pensions Full old-age pensions under the IV (invalidity insurance) due to one hundred percent invalidity Full old-age pensions under accident insurances due to one hundred percent invalidity Pensions under 2nd pillar and pillar 3 a Domestic and foreign income from securities and credit from real estate Alimony the taxpayers receive for themselves or for children under their parental authority from the granting or using of copyrights or patents from lotteries or lottery-like undertakings as well as competitions from usufruct from foundations Capital benefits from pensions and lump sum cash settlements under OASI /IV. 3 A supplementary assessment shall only be applied if the taxable income not subject to es is at least CHF or if the taxable total assets are a minimum of CHF Should these limits not be met, es deducted on income from assets, lotteries, lottery and pool wins shall be reimbursed upon request. The same applies to the reimbursement of foreign es on income from securities in accordance with the relevant provisions under the double taxation agreement. 5 It is possible to do without a supplementary assessment if the preconditions for a retrospective assessment are given. B. Registration of taxpayers subject to supplementary assessment I. Local tax office 6 If the local tax office determines that a taxpayer shall be subject to supplementary assessment, the local tax authority shall enter the taxpayer under tax category 6 Q in the Cantonal Tax Register as from the respective tax period. 7 The local tax office notifies the Direct Federal Tax Division in accordance with the instruction of the Cantonal Tax Office to the local tax offices on the registration of transfers. This notification is marked with the red stamp "supplementary assessment". 8 The assessment municipality is the municipality where the taxpayers had their domicile or residence according to tax law on 1 January of the year, in case of the transfer to the Canton at the beginning of tax liability, domicile or residence. 9 Direct Federal Tax Division The Direct Federal Tax Division completes the register it keeps based upon the information of the local tax offices. 10 Upon receipt of the tax return, the Direct Federal Tax Division establishes a set of forms for the assessment record. It submits the tax return together with the sorted assessment record every month to Assessment Division 6.
2 C. Implementation of the tax return procedure I. Obligation to file a tax return 11 Taxpayers subject to supplementary assessment have to provide a complete, filled in tax return in accordance with the provisions applicable to a regular procedure of their own accord and declare their total income and assets, even if the municipality failed to forward the tax return forms. Service of the tax forms 1. In general 12 Every year, the Tax Office of the assessment municipality performs the supplementary tax return procedure until the end of liability to, or, in case the preconditions cease to exist, until revocation by the Cantonal Tax Office. 13 In addition, the provisions according to the request to file a tax return and the clearing requests and the instruction of the Department of Finance on the tax return procedure shall apply. 2. Designation of the tax return 14 The tax return shall be marked with a red stamp "supplementary assessment for " as well as in the address field with the indication "tax category 6Q". The local tax office shall also note the rates on the tax return. D. Delivery to the Cantonal Tax Office 15 The local tax office transfers the tax return received every month (in case of departure immediately) to the Direct Federal Tax Division after having checked it in accordance with the instruction of the Department of Finance on the assistance of the local tax offices regarding the preparation of the tax assessment. E. Assessment procedure I. Competence 16 The assessment shall exclusively be done by Assessment Division 6. Cantonal and municipal taxes 1. tax a) Assessment basis 17 The following items shall be identified: Taxable incomes not subject to (NW); s determining the rate. b) Determination of the taxable income not subject to The tax law shall apply mutatis mutandis for the determination of the taxable income not subject to. The supplementary income shall only be reduced by deductions directly connected with it. 20 Deductions of es already made shall not be considered for the determination of the taxable supplementary income. Such deductions no longer to be considered include support or maintenance, childcare costs, interest on loans, alimony paid for divorced or separated spouses or child support, expenses due to illness, accident or invalidity, contributions to recognised forms of
3 restricted pension provisions (pillar 3 a); cf. instruction of the Department of Finance in respect of the application of es for foreign employees, ZStB no. 28/050, margin numbers 45-50). 21 A maximum of CHF on interest rates on savings deposits (Section 31 subsection 1 lit g tax law) and the costs for asset management (Section 30 subsection 1 tax law) shall be considered in terms of asset earnings. 22 If one of the spouses is taxed on his income from gainful employment in accordance with tariff C and the income from gainful employment of the other spouse is assessed as a supplementary income, half of the insurance premiums (Section 31 subsection 1 lit. g tax law) shall be taken into account for that income. 23 The special deduction on gainful employment of both spouses (Section 31 subsection 2 tax law) shall be deducted on a pro rata basis if the income from gainful employment of the wife is subject to supplementary assessment. 24 If, on the other hand, the income from gainful employment of the husband is subject to supplementary assessment, the special deduction shall not be granted. c) Determination of the income determining the rate 25 The provisions of the tax law shall govern the determination of the income determining the rate. d) Social security deductions 26 If spouses are taxable under tariff C for their income from gainful employment and the wife's income from gainful employment is assessed as a supplementary income, no social security deductions shall be granted. 27 If, on the other hand, the husband's income from gainful employment is assessed as a supplementary income, social security deductions shall be granted on the total net income in full and on a pro rata basis in respect of the taxable net supplementary income. 28 Should es in accordance with tariff A or B be levied, no social security deductions shall be considered for the determination of the taxable income not subject to or for the income determining the rate. 29 The same applies to taxable supplementary incomes not taxable due to income from self-employed or non-self-employed gainful employment, irrespective of the tariff applied. 2. Property tax 30 The following items shall be identified: Taxable assets; Assets determining the rate. 31 I The determination of taxable assets and of the assets determining the rate shall be subject to the provisions of the tax law. Direct federal tax 1. Bases for the tax assessment 32 The following items shall be identified: Taxable income not subject to (NW); determining the rate. 2. Determination of the taxable income not subject to and of the income determining the rate 33 The provisions applicable to cantonal and municipal taxes (cf. margin numbers 18 to 29) shall apply mutatis mutandis to the determination of income not subject to and to the income determining the rate.
4 F. Taxation I. Cantonal and municipal taxes 34 The provisions of the tax law and its implementing provisions in respect of the levying of taxes shall apply mutatis mutandis. 35 In case of a supplementary assessment done for the first time, the local tax office shall determine the factors applicable to the provisional tax bill on the basis of the appended examples of a tax computation and according to the provisions of the present instruction Persons subject to supplementary assessment shall not be subject to poll tax. Direct federal tax The provisions of the Federal Act on direct federal tax and the implementing provisions shall apply mutatis to taxation. 38 In case of a supplementary assessment done for the first time, the local tax office shall determine the factors applicable to the provisional tax bill on the basis of the appended examples of a tax computation and according to the provisions of the present instruction and shall notify the Direct Federal Tax Division thereof on the dedicated record. G. Termination of liability to 39 Should foreign employees have obtained the permanent residence permit or if they have married a Swiss citizen or a spouse holding a permanent residence permit, the beginning of taxation in an ordinary procedure (the first day of the month following the event) shall be noted on the tax return, and as from that date the provisional taxation shall be done with the regular register. H. Final provisions 40 The instruction enters into force on 1 January The instruction of the Department of Finance on supplementary assessment in respect of the collection of es of 20 January 1995 is repealed. 42 The repealed prescriptions remain applicable to the assessment for the fiscal years up to and including Appendix I. Cantonal and municipal taxes The examples given as to the tax assessment and computation are based upon a married couple with one child subject to withholding tax. Example 1 of a tax computation ( from movable property) from non-self-employed gainful employment (net wage II in accordance with the salary certificate) is CHF Security portfolio (savings agreements) of CHF , asset earnings of CHF
5 from non-self-employed gainful employment (subject to ) Yield from securities and credit Deduction Professional expenses (3 500) 0 Contributions to personal pension provisions (pillar 3 a) (2 500) 0 Insurance premiums (5 300) (1 000) Asset management costs (750) (750) Net income Social security deduction Taxable income not subject to CHF determining the rate CHF Assets Taxable assets Zürich CHF Assets determining the rate CHF Tax rate in case of CHF = % simple cantonal tax for CHF at % CHF Property tax tariff VT: Tax rate at CHF = simple property tax of CHF at CHF Example 2 of a tax computation (Pools win) from gainful employment subject to (net wage II in accordance with salary certificate) CHF Pools win CHF Tax deductible occupational expenses amount to CHF 500. from non-self-employed gainful employment (subject to ) Sports betting win Deduction Professional expenses (3 500) 0 Contributions to personal pension provisions (pillar 3 a) (2 500) 0 Insurance premiums (5 300) 0 Sports bets (500) (500) Net income Social security deduction Taxable income not subject to CHF determining the rate CHF
6 Tax rate for CHF = % simple cantonal tax for CHF at % CHF Example of a tax computation 3 (Full old-age pensions) from gainful employment subject to (net wage II in accordance with salary certificate) of the husband totals CHF The wife receives full invalidity pension of the SUVA of CHF due to an occupational accident as well as a corresponding OASI pension of CHF She is no longer able to be gainfully employed due to the occupational accident she had suffered. of the husband from non-self-employed gainful employment (subject to in accordance with B1 tariff) IV pensions of SUVA, 100% taxable IV-OASI pensions of CHF 8 400, 100% taxable Deductions Professional expenses of husband (3 500) 0 Contributions to personal pension provisions (pillar 3 a) (2 500) 0 Insurance premiums (5 300) 0 Net income Social security deduction Taxable income not subject to CHF determining the rate CHF Tax rate for CHF = % simple cantonal tax for CHF at % CHF Example of a tax computation 4 ( from gainful employment paid from abroad) Example of a tax computation 4.1 ( from gainful employment paid from abroad of the husband) Non-self-employed income from gainful employment subject to (net wage II in accordance with salary certificate) of the wife totals CHF , the one of the husband transferred from Italy to Switzerland for work performed in Switzerland totals CHF Contributions to pillar 3 a total CHF 3 500, CHF thereof for the husband. of the wife from non-self-employed gainful employment (subject to according to tariff C) of the husband Deductions Professional expenses of the wife (3 200) 0 Professional expenses of the husband (3 700) (3 700)
7 Contributions to personal pension provisions: - (Pillar 3 a) of the wife (1 500) 0 - (Pillar 3 a) of the husband (2 500) (2 500) Insurance premiums (5 300) (2 650) Special deduction (Section 31 subsection 2 tax law) (1) (5 200) 0 Net income Social security deduction (1 child) (2) (5 400) (3 356)* Taxable income not subject to CHF determining the rate CHF * Calculation of social security deductions on a pro rata basis: x : = Tax rate for CHF = % simple cantonal tax for CHF at % CHF ) 2) see instruction on supplementary assessment, margin number 24 see instruction on supplementary assessment, margin number 27 Example of a tax computation 4.2 (Wife's income from gainful employment paid from abroad) Basically the same as in example 4.1, the difference being that in this case, the wife's income is subject to supplementary assessment (please consider in particular the differences concerning special and social security deductions). of the husband from non-self-employed gainful employment (subject to in accordance with tariff C1) of the wife Deductions Professional expenses of the husband (3 200) 0 Professional expenses of the wife (3 700) (3 700) Contributions to personal pension provisions: - (Pillar 3 a) of the husband (2 500) 0 - (Pillar 3 a) of the wife (1 500) (1 500) Insurance premiums (5 300) (2 650) Special deduction (Section 31 subsection 2 tax law) (1) (5 200) (3 009)* Net income Social security deduction (1 child) (2) Taxable income not subject to CHF determining the rate CHF * Calculation of special deduction on a pro rata basis: x : = Tax rate for CHF = % simple cantonal tax von CHF at % CHF ) 2) see instruction on supplementary assessment, margin number 23 see instructions on supplementary assessment, margin number 26 Example of a tax computation 5
8 (Real estate: imputed rental value and interest on loans, asset earnings) from non-self-employed gainful employment (net wage II in accordance with salary certificate) is CHF ; security portfolio totals CHF , asset earnings total CHF The imputed rental value of the real estate after deduction of maintenance costs is CHF , property tax value CHF There is a mortgage on the house of CHF The interest on loans totals CHF from non-self-employed gainful employment (subject to ) Imputed rental value, net after deduction of maintenance costs Asset earnings Deduction Professional expenses (6 700) 0 Contributions to personal pension provisions (pillar 3 a) (5 000) 0 Interest on loans (13 500) (13 500) Insurance premiums (5 300) (1 000) Asset management costs (210) 210) Net income Social security deduction (1 child) Taxable income not subject to CHF determining the rate CHF Assets Security portfolio Property tax value for real estate /. mortgage debt ( ) Taxable assets Zürich CHF Assets determining the rate CHF Tax rate for CHF = % simple cantonal tax for CHF at % CHF Property tax tariff VT: Tax rate for CHF = simple cantonal tax for CHF at CHF 7.00 Direct federal tax The assessment examples for cantonal and municipal taxes shall also apply mutatis mutandis to the direct federal tax. For deductions, the different rates according to DFTA need to be considered.
Instruction of the Department of Finance regarding the implementation of withholding taxes for foreign
Instruction of the Department of Finance regarding the implementation of withholding taxes for foreign workers (Of 30 September 2005) Valid as of 1 January 2006 A. Subjective tax liability In accordance
More information1 on 22
Volume / Register Vol. I Reg. 3.4 Issue date June 17, 2002 DEPARTMENT OF FINANCES AND RESOURCES Cantonal Tax Office Status as at: January 31, 2013 Valid from 2001 INFORMATION SHEET Expenditure-based taxation
More informationSavings 3. Let us help you think about tomorrow today.
Savings 3 Let us help you think about tomorrow today. Select your individual path to achieve your savings objective Savings 3 with Zuger Kantonalbank is the individual savings plan that is not only an
More informationSwitzerland. Qualifying conditions. Benefit calculation. Earnings-related. Mandatory occupational. Key indicators. Switzerland: Pension system in 2012
Switzerland Switzerland: Pension system in 212 The Swiss retirement pension system has three parts. The public scheme is earnings-related but has a progressive formula. There is also a system of mandatory
More informationNon-employed contributions to Old-Age and Survivors Insurance (OASI), Disability Insurance (DI) and Income Compensation Insurance (IC)
2.03 Contributions Non-employed contributions to Old-Age and Survivors Insurance (OASI), Disability Insurance (DI) and Income Compensation Insurance (IC) Position as of 1 st January 2018 The facts at a
More informationORDINARY TAXATION OF INDIVIDUALS IN SWITZERAND, CANTON TICINO
Steimle & Partners Consulting Sagl Tax & Legal Consultants Via Dogana Vecchia 2 / Via Nassa CH-6900 Lugano Tel. +41 91 913 99 00 Fax +41 91 913 99 09 info@steimle-consulting.ch www.steimle-consulting.ch
More informationLUMP SUM TAXATION IN SWITZERLAND, CANTON TICINO
Steimle & Partners Consulting Sagl Tax & Legal Consultants Via Dogana Vecchia 2 / Via Nassa CH-6900 Lugano Tel. +41 91 913 99 00 Fax +41 91 913 99 09 info@steimle-consulting.ch www.steimle-consulting.ch
More informationPresentation by Stephen Turley March 2018
Swiss Tax and Social Security system Presentation by Stephen Turley March 2018 Agenda Introduction to the Swiss taxation system Swiss tax residency and filing obligation Swiss income taxation Swiss social
More informationFinancial Future Key Aspects of Planning for Your Retirement
Financial Future Key Aspects of Planning for Your Retirement The Swiss Pension System 5 1 Retirement, Surviving Dependants, and Disability Insurance (First Pillar) 6 1.1 General Information 6 1.2 Who
More informationTax Residency of Individuals: Switzerland
Tax Residency of Individuals: Switzerland STEP Israel Annual Conference Tel Aviv, June 20, 2017 Dr. Ruth Bloch-Riemer Bär & Karrer AG, Zürich Agenda Swiss Domestic Law - Types of Tax Liability - Tax Residency
More informationChapter 15. Taxation of Individuals
Chapter 15 Taxation of Individuals The tax system applicable to individuals This Chapter deals with the special provisions and further considerations applicable to the taxation of individuals in addition
More informationRegulation of Asga Pension Fund Cooperative on the Facilitation of Home Ownership
Regulation of Asga Pension Fund Cooperative on the Facilitation of Home Ownership valid as of 1 January 2017 Regulation of Asga Pension Fund Cooperative on the Facilitation of Home Ownership A. General
More informationOverview of Individual Taxation in Switzerland
Overview of Individual Taxation in Switzerland 1. Territoriality / Competent Authority Swiss income taxes are in general regulated by federal tax law (FTL) and 26 cantonal tax laws. However, all cantonal
More informationNotice Concerning Insurance (for temporary employees)
Notice Concerning Insurance (for temporary employees) The present document contains detailed information on the most important compulsory coverage provisions of the Accident Insurance Act and the Health
More informationOvals must be filled in completely. Example RETURN WITH CHECK (PLEASE ATTACH CHECK HERE)
Form 481.0 Rev. 05.03 SHORT FORM Liquidator Reviewer Ovals must be filled in completely. Example RETURN WITH CHECK (PLEASE ATTACH CHECK HERE) 23 23 COMMONWEALTH OF PUERTO RICO DEPARTMENT OF THE TREASURY
More information(of 19 March 2013) Valid from 1 January A. Taxpayers
Leaflet. 29/460 of the Cantonal Tax Office on withholding taxes applicable to pension benefits under private law for persons without domicile or residence in Switzerland (of 19 March 2013) Valid from 1
More informationEmployee s guide to social insurance edition
Employee s guide to social insurance 2017 edition Contents Introduction...3 Changing jobs...4 Unemployment...6 Unpaid leave, vocational training, language trips, etc....8 Taking up self-employment... 10
More informationPension plan regulations Vita Plus. Vita Plus Joint Foundation of Zurich Life Insurance Company Ltd, Zurich
Pension plan regulations Vita Plus Vita Plus Joint Foundation of Zurich Life Insurance Company Ltd, Zurich Content Pension plan regulations Introduction. Which terms and abbreviations are used?. What is
More informationTHE SWISS TAX SYSTEM INDIVIDUALS / CORPORATE
THE SWISS TAX SYSTEM INDIVIDUALS / CORPORATE Seminar Swiss-American Chamber of Commerce 21 September 2010 Andrio Orler Partner Tavernier Tschanz Source: David Ryser, Seminar «Introduction to the Swiss
More informationRegulations. Stand: Für Ihre soziale Sicherheit
Regulations Stand: 01.01.2017 Für Ihre soziale Sicherheit Table of contents I Trust, purpose of the pension plan Art. 1 Trust 2 Terms of acceptance 3 Ability to work 4 External insured persons / insurance
More informationLiechtenstein Law Gazette
UNOFFICIAL TRANSLATION (V20110208) 640.0 Liechtenstein Law Gazette Year 2010 No. 340 published on 18 November 2010 Law of 23 September 2010 on National and Municipal Taxes (Tax Act) I hereby grant My consent
More informationSwitzerland. Investment basics
Switzerland Diego Weder Director Tel: +1 212 492 4432 diweder@deloitte.com Investment basics Currency Swiss Franc (CHF) Foreign exchange control restrictions are imposed on the import or export of capital.
More informationDätwyler Holding AG Pension Fund Regulations Version dated
Dätwyler Holding AG Pension Fund Regulations Version dated 1.1.2015 This is an English translation only; legally binding is the German version of these regulations. Table of contents A General provisions
More information3.03 OASI benefits OASI survivors pensions
3.03 OASI benefits OASI survivors pensions Position as of 1 st January 2018 The facts at a glance The purpose of survivors pensions is to protect surviving dependants (spouse, children) against financial
More informationSavings Plan. Regulations. Edition July 2018 edition
Regulations Edition 2007 July 2018 edition Contact Fonds de Pensions Nestlé Avenue Nestlé 55 1800 Vevey / Suisse Telephone : +41(0) 21 924 64 00 E-mail : fonds-de-pensions@nestle.com Fonds de Pensions
More informationACA Town Hall Meeting. 21 September 2015 Zurich. We Understand London Geneva Zurich
ACA Town Hall Meeting 21 September 2015 Zurich A story Max & Alice go to see their US tax advisor Max was born in Switzerland and became a US citizen in 1987. Alice was born in the US. They married in
More informationR E G U L A T I O N S
R E G U L A T I O N S I N S U R A N C E B E N E F I T S PKE E N E R G Y P E N S I O N F U N D C O O P E R A T I V E Valid from 1 October 2015 1 Table of Contents I. General provisions 3 Art. 1 General,
More informationTax System of the Czech Republic
Tax System of the Czech Republic Division of taxes direct indirect Income tax (including inheritance and gift) Road tax Real estate tax Real estate transfer tax Value added tax Excise duties Environmental
More informationPension Regulations of the Baloise Collective Foundation for Non- Compulsory Occupational Welfare Provision. January 2017 edition
Pension Regulations of the Baloise Collective Foundation for Non- Compulsory Occupational Welfare Provision January 2017 edition 2 Pension Regulations of the Baloise Collective Foundation for Non-Compulsory
More informationUnited Kingdom. I. Taxes on Corporate Income
OECD Model Tax Convention on Income and on Capital (Condensed version 2010) and Key Tax Features of Member countries 2011 United Kingdom 1. Corporate income tax I. Taxes on Corporate Income Corporate profits
More informationONLINE TAX PREPARATION TOOL
CITY OF GRAND RAPIDS 2008 RESIDENT INCOME TAX FORMS AND INSTRUCTIONS FORM GR-1040R USE OF MAILING LABEL: Do not use the label on computer prepared tax forms. Use the label on manually prepared tax forms.
More informationPension Fund of Credit Suisse Group (Switzerland) Retirement Savings Plan Regulations January 2015
Pension Fund of Credit Suisse Group (Switzerland) Retirement Savings Plan Regulations January 2015 Contents 1 1.1 1.2 1.3 1.3.1 1.3.2 2 2.1 2.2 2.2.1 2.2.2 2.2.3 2.3 2.3.1 2.3.2 2.3.3 2.4 2.4.1 2.4.2 2.4.3
More informationNYS BOARD OF REAL PROPERTY SERVICES RP-467-Ins (8/06)
NYS BOARD OF REAL PROPERTY SERVICES RP-467-Ins (8/06) INSTRUCTIONS FOR THE APPLICATION FOR THE PARTIAL REAL PROPERTY TAX EXEMPTION FOR SENIOR CITIZENS EXEMPTION (AND FOR ENHANCED SCHOOL TAX RELIEF [STAR]
More informationNYS BOARD OF REAL PROPERTY SERVICES
NYS BOARD OF REAL PROPERTY SERVICES RP-467-Ins (9/08) LP INSTRUCTIONS FOR THE APPLICATION FOR THE PARTIAL REAL PROPERTY TAX EXEMPTION FOR SENIOR CITIZENS EXEMPTION (AND FOR ENHANCED SCHOOL TAX RELIEF [STAR]
More informationPension plan regulations Vita Plus. Vita Plus Joint Foundation of Zurich Life Insurance Company Ltd, Zurich
Pension plan regulations Vita Plus Vita Plus Joint Foundation of Zurich Life Insurance Company Ltd, Zurich Content Pension plan regulations 3 1 Introduction 3 1.1 Which terms and abbreviations are used?
More informationA Definitions 05. C Financing 10 Art. 06 Obligation to pay contributions Art. 07 Assets, financial equilibrium
Schindler Foundation Rules Version of January 1, 2012 Table of contents A Definitions 05 B Foundation, basis of insurance 06 Art. 01 Name and purpose of the foundation Art. 02 Group of insured persons
More informationUS Tax Information for Diplomatic Families at the Swiss Embassy
US Tax Information for Diplomatic Families at the Swiss Rick Ward LLC October 18, 2018 Disclosure This presentation has been prepared by LLC. The information in this presentation is current as of October
More informationSwiss Taxation - Update 2012
Swiss Taxation - Update 2012 IFMA January 31, 2013 Daniel Spitz Partner Certified Tax Expert TAX CONSULTING. INDIVIDUALS. COMPANIES. REAL ESTATE INDEX 1. Introduction 2. Exchange of information 3. Special
More informationExpat Client Questionnaire
Expat Client Questionnaire The tax professionals at Williams and Parsons, PC are dedicated to serving the American expatriate community. Filling out this organizer will help with gathering the information
More informationPension Regulations of the Baloise Collective Foundation for Compulsory Occupational Welfare Provision
Pension Regulations of the Baloise Collective Foundation for Compulsory Occupational Welfare Provision January 2015 edition Making you safer. Contents I. General information 1. Legal basis 3 2. Obligation
More informationSwiss Lump Sum Taxation
Geneva, December 1 st, 2016 Swiss Lump Sum Taxation Ali Kanani Tax Partner MBL & LL.M. in International Taxation 1 INTRODUCTION 1. History 2. Current situation in Switzerland 3. Numbers 4. How does it
More informationGermany Taxable income. Introduction. 1. Income Tax Taxable persons. This chapter is based on information available up to 11 March 2010.
This chapter is based on information available up to 11 March 2010. Introduction Individuals are subject to income tax, which is increased by a solidarity surcharge. Individuals carrying on a trade or
More informationPension Regulations 2018
Pension Regulations 2018 Zusatzkasse of SR Technics Switzerland Adopted on 20 April 2018 Valid as of 1 May 2018 Contents Abbreviations 1 Introduction 2 Art. 1 Name and purpose 2 Art. 2 Relationship to
More informationPension Fund Regulations Duoprimat
com Plan Pension Fund Regulations Duoprimat Valid from 1 July 2017 These regulations are also available in German, French and Italian. Contents Key terms 2 Abbreviations 3 General information 4 Art. 1
More informationUpdate for lump sum tax payers in Canton Ticino
TAX CHAPTER SEMINAR Lugano, 16 th June 2015 Update for lump sum tax payers in Canton Ticino Peter Steimle Steimle & Partners Consulting Sagl www.steimle-consulting.ch Expenditure-based taxation: a special
More informationIncome & Sales Tax Department. Income Tax Law. Law No. 57 of 1985 as amended by : Law No. ( 4 ) of 1992 Effective from Jan.
Income & Sales Tax Department Income Tax Law Law No. 57 of 1985 as amended by : Law No. ( 4 ) of 1992 Effective from Jan. 1 st 1991 Law No. ( 14 ) of 1995 Effective from Jan. 1 st 1996 Law No. (25) of
More informationRules Basic Pension Fund. Stand: Für Ihre soziale Sicherheit
Rules Basic Pension Fund Stand: 01.01.2015 Für Ihre soziale Sicherheit Rules l Sulzer Pension Plan Table of contents I Trust, purpose of the pension plan Article 1 Trust 2 Terms of acceptance 3 Ability
More informationStaff Regulations Appendix V
Appendix V Pension Scheme rules 1 Chapter I General provisions Article 1 - Scope 1. The Pension Scheme established by these Rules applies to the permanent staff, holding indefinite term or definite or
More informationDescription of Pension Certificate
Description of Pension Certificate 1a 1b 2 3 4 5 6 7 8 2 1. January 2015 Description of the PKG Pension Fund pension certificate The following list describes the individual features of the PKG Pension
More informationDescription of Pension Certificate
Description of Pension Certificate 1a 1b 2 3 4 5 6 7 8 2 1. January 2017 Description of the PKG Pension Fund pension certificate The following list describes the individual features of the PKG Pension
More informationTAX RETURN FORM A Income tax Premiums A.O.V./A.W.W./A.V.B.Z.
2016 TAX RETURN FORM A Income tax Premiums A.O.V./A.W.W./A.V.B.Z. I. Issue: January 1 st, 2017 For tax payers living on Sint Maarten Date of: Fiscal year January 1 st, 2016 to December 31 st, 2016 II.
More informationTaxation of individuals
Taxation of individuals Luxembourg 2018 kpmg.lu Tax year The tax year corresponds to the calendar year. Tax rates Progressive tax rates ranging from 0% to 45.78% apply to taxable income not exceeding 200,004
More informationSOCIAL INSURANCE IN SWITZERLAND
SOCIAL INSURANCE IN SWITZERLAND Social security. Your statutory cover in Switzerland. (Status January 2018) BECAUSE HEALTH IS EVERYTHING Who is insured and how? Loss-of-income insurance (EL) Group of persons
More informationTaxation of individuals
Taxation of individuals Luxembourg 2016 kpmg.lu Tax year The tax year corresponds to the calendar year. Tax rates Progressive tax rates ranging from 0% to 42.8% apply to taxable income not exceeding 150,000
More informationThis act shall be known and may be cited as the "Senior Citizens Rebate and Assistance Act."
4751-1. Short title This act shall be known and may be cited as the "Senior Citizens Rebate and Assistance Act." 4751-2. Declaration of policy In recognition of the severe economic plight of certain senior
More informationFOR INFORMATION DO NOT USE FOR FILING.
Form 480 Liquidator Postal Address UNIQUE M Reviewer R G RO V1 V2 P1 P2 N D1 D2 E A M Taxpayer's Name Initial Last Name Second Last Name GOVERNMENT OF PUERTO RICO DEPARTMENT OF THE TREASURY INDIVIDUAL
More informationFAMILY MEMBERSHIP OPTIONS OPTION I OPTION II OPTION III. TENURE 15 years 20 years Life
FAMILY MEMBERSHIP OPTIONS OPTION I OPTION II OPTION III 15 years 20 years Life MEMBERSHIP Husband, Wife + 2 Children below 18 Husband, Wife + 2 children below 18 Husband, Wife + 2 children below 18 on
More informationNovartis Pension Funds. Novartis Pension Fund 1. Regulations
Novartis Pension Funds Novartis Pension Fund 1 Regulations 2017 Novartis Pension Fund 1 Regulations Editor: Novartis Pension Funds effective 1 January 2017 REGULATIONS OF NOVARTIS PENSION FUND 1 3 Summary
More informationPension Fund of F. Hoffmann-La Roche Ltd. Pension Rules. Effective from 1 January 2018
Pension Fund of F. Hoffmann-La Roche Ltd Pension Rules Effective from 1 January 2018 Translated from the original German, which is the sole legally binding version of these Rules. Table of contents Page
More informationValid from 1 January A. Taxpayers
Leaflet. 29/410 of the Cantonal Tax Office on withholding taxes applicable to pension benefits under public law for persons without domicile or in Switzerland (of 19 March 2013) Valid from 1 January 2013
More informationPension plan regulations Vita Plus. Vita Plus Joint Foundation of Zurich Life Insurance Company Ltd, Zurich
Pension plan regulations Vita Plus Vita Plus Joint Foundation of Zurich Life Insurance Company Ltd, Zurich Content Pension plan regulations 3 1 Introduction 3 1.1 Which terms and abbreviations are used?
More informationRULE C8 Limitation where spouses or civil partners living apart
Rule C8 explains a limitation on death benefits if husband and wife, or civil partners were living apart at the date of death. Part V of Schedule 3 shows how a minimum level of pension should be calculated.
More informationFLAT-RATE TAXATION IN SWITZERLAND
FLAT-RATE TAXATION IN SWITZERLAND The new Federal Law on Expenditure Taxation: The Swiss parliament ratified the new Federal Law on Expenditure Taxation on 28 September 2012, which will regulate flat-rate
More informationWelcome to our first issue of Taxing Issues 2017.
Welcome to our first issue of Taxing Issues 2017. We take this opportunity to wish you all a healthy and prosperous New Year and we trust you will find this year's first edition informative. Starting with
More informationPension Fund of the Siemens Companies in Switzerland
Pension Fund of the Siemens Companies in Switzerland Overview of the 2017 Pension Fund Regulations Useful information in brief valid from 1 July 2017 Points to note: This abridged version of the 2017 Regulations
More informationOECD Model Tax Convention on Income and on Capital (Condensed version 2010) and Key Tax Features of Member countries 2010
OECD Model Tax Convention on Income and on Capital (Condensed version 2010) and Key Tax Features of Member countries 2010 Sample excerpt United Kingdom 1. Corporate income tax I. Taxes on Corporate Income
More informationSwiss-American Chamber of Commerce Special Taxes* 21 September 2010
Swiss-American Chamber of Commerce * 21 *connectedthinking PwC Agenda/Contents Real Estate Transfer Tax Real Estate Capital Gains Tax Inheritance and Gift Tax Tax on Pension Capital Distribution Real Estate
More informationINSTRUCTIONS FOR 2017 PIT-RC NEW MEXICO REBATE AND CREDIT SCHEDULE
INSTRUCTIONS FOR 2017 PIT-RC NEW MEXICO REBATE AND CREDIT SCHEDULE GENERAL INFORMATION You can find general information about Form PIT RC, New Mexico Rebate and Credit Schedule, on this page and the next
More informationEXCEPTION TO ELECTRONIC FILING INDIVIDUAL INCOME TAX RETURN
Form 483.20 Rev. Mar 15 18 Rev. 4 nov 15 GOVERNMENT OF PUERTO RICO DEPARTMENT OF THE TREASURY EXCEPTION TO ELECTRONIC FILING INDIVIDUAL INCOME TAX RETURN Serial Number Receipt Stamp Taxable year beginning
More informationTax Memento Luxembourg 2018
Tax Memento Luxembourg 2018 Corporate Main taxes Corporate Income Tax (CIT) Taxable Income Rate Less than 25,000 15% Between 25,000 and 30,000 Exceeding 30,000 18% 3,750 + 33% of the income exceeding 25,000
More informationTHE DELTA COLLEGE FLEXIBLE SPENDING PLAN (Amendment Effective January 1, 2013)
THE DELTA COLLEGE FLEXIBLE SPENDING PLAN (Amendment Effective January 1, 2013) TABLE OF CONTENTS TABLE OF CONTENTS 1-3 ARTICLE I DEFINITIONS 1.0 DEFINITIONS.....4-6 ARTICLE II PARTICIPATION 2.1 ELIGIBILITY...6
More informationGlobal Mobility Services: Taxation of International Assignees Country Thailand
http://www.pwc.com/th/en Global Mobility Services: Taxation of International Assignees Country Thailand People and Organisation Global Mobility Country Guide 2016 Last updated: December 2016 This document
More informationCZECH REPUBLIC Overview of the tax-benefit system
CZECH REPUBLIC 2005 1. Overview of the tax-benefit system Czech citizens are secured (protected) by three social security systems, i.e. by the social insurance, state social support and social assistance.
More informationIntroduction to Swiss Tax Law
Introduction to Swiss Tax Law Prof. Dr. iur. Madeleine Simonek Chair of Swiss and International Tax Law (Homepage: www.rwi.uzh.ch/simonek) Fiscal Sovereignty in Switzerland: 3 Levels of Taxation Confederation:
More informationCHG COMPANIES, INC. STAFF FLEXIBLE BENEFITS PLAN Plan Document
CHG COMPANIES, INC. STAFF FLEXIBLE BENEFITS PLAN Plan Document January 1, 2006 TABLE OF CONTENTS TABLE OF CONTENTS...i SECTION I INTRODUCTION...1 SECTION II ELIGIBILITY...1 A. Effective Date of Participation...1
More informationCapital Gains Tax Introduction
Capital Gains Tax Introduction Capital gains tax applies whenever an asset is sold for a profit. A capital gain is the sale price minus the taxpayer s adjusted basis. The basis starts at the price paid
More informationFonds de Pensions Nestlé. Practical Guide 2018
Fonds de Pensions Nestlé Practical Guide 2018 This text is a translation. In case of discrepancy or differences in interpretation, the French version takes precedence over the English and German versions.
More informationALSA PK, unabhängige Sammelstiftung. Brief regulations
ALSA PK, unabhängige Sammelstiftung Brief regulations Your employee pension plan at a glance The following summary provides an overview of the most important provisions of your employee pension plan. The
More informationUS Tax Information for Diplomatic Families at the British Embassy
US Tax Information for Diplomatic Families at the British Rick Ward LLC February 22, 2018 Disclosure This presentation has been prepared by LLC. The information in this presentation is current as of February
More informationDEPARTMENT OF FINANCE AND RESOURCES Cantonal Tax Administration LEAFLET. Taxation of Companies. Table of contents
Date of issue 1 st January 2016 DEPARTMENT OF FINANCE AND RESOURCES Cantonal Tax Administration Valid as of 2016 Table of contents 1. Ordinary... 2 a) Calculation of Taxable Income... 2 b) Tax Rates...
More informationTaxation of: U.S. Foreign Nationals
Taxation of: U.S. Foreign Nationals 2017 Edition ZanderSterling.com 1 The information contained in this publication is provided for general informational purposes only and is based on U.S. income tax law
More informationAGREEMENT BETWEEN JAPAN AND THE SWISS CONFEDERATION ON SOCIAL SECURITY
AGREEMENT BETWEEN JAPAN AND THE SWISS CONFEDERATION ON SOCIAL SECURITY Japan and the Swiss Confederation, Being desirous of regulating the relationship between them in the area of social security, Have
More informationMarried? Husband's name Wife's name Mailing Address:
DATE COMPLETED: Date of Birth U.S. Citizen? Married? Husband's name Wife's name Mailing Address: email address Date and place of marriage Children Child's Date of Birth Married? Grandchildren Parent Grandchild's
More informationPension fund and residential property/
Promotion of home ownership Pension fund and residential property/ Withdrawing or pledging Pillar 2 assets for purchasing residential property Contents Raising capital to purchase a home 3 Own capital
More informationGlobal Mobility Services: Taxation of International Assignees - Ghana
www.pwc.com/gh/en Global Mobility Services: Taxation of International Assignees - Ghana Taxation issues & related matters for employers & employees 2017 Last Updated: March 2017 This document was not intended
More informationPERSONALVORSORGESTIFTUNG DER FELDSCHLÖSSCHEN-GETRÄNKEGRUPPE 2017 REGULATIONS
PERSONALVORSORGESTIFTUNG DER FELDSCHLÖSSCHEN-GETRÄNKEGRUPPE 2017 REGULATIONS Valid from 1 January 2017 AHVG Federal Law on Old Age and Survivors' Insurance, dated 20 December 1946 ATSG Swiss General Provisions
More informationTable of contents. Your contacts 36. Tax 2012 Vaud Ernst & Young SA 2
Tax 2012 Vaud t Table of contents Individuals 4... 1 Income 5 1.1 Rates 5 1.2 Municipal percentages 7 1.3 Deductions 8 1.4 Sample calculations 10 1.5 Source tax 11... 2 Wealth 14... 3 Social security and
More informationU.S. taxation of foreign citizens
U.S. taxation of foreign citizens Global Mobility Services 2019 kpmg.com U.S. taxation of foreign citizens The following information is not intended to be written advice concerning one or more Federal
More informationA Guide to. Korean Taxation
A Guide to Korean Taxation 2015 PREFACE This brochure is designed to provide broad knowledge and insight into Korean Taxation so that readers can see the forest of Korean taxation. Each year the Korean
More information30 June Vol. I Reg DEPARTMENT FINANCE AND RESOURCES Cantonal Tax Administration LEAFLET. Expatriates. Contents
Vol. / Reg. Vol. I Reg. 5.1 Date of issue 30 June 2008 DEPARTMENT FINANCE AND RESOURCES Cantonal Tax Administration Modifications Valid as of 2007 Contents 1. Subject...2 2. Legal Bases...2 3. Area of
More informationFYI General 7 Property Tax Rebates and Deferrals for the Elderly and Disabled
Colorado Department of Revenue Taxpayer Service Division 12/10 FYI General 7 Property Tax Rebates and Deferrals for the Elderly and Disabled PROPERTY TAX/RENT/HEAT REBATE If you are a full-year Colorado
More informationInternal Revenue Code Section 62(a)(1) Adjusted gross income defined.
CLICK HERE to return to the home page Note: This document has been updated to reflect amendments by the TCJA, Pub. L. No. 115-97. Internal Revenue Code Section 62(a)(1) Adjusted gross income defined. (a)
More informationOVERVIEW OF THE SWISS TAX SYSTEM
OVERVIEW OF THE SWISS TAX SYSTEM 10.1 Taxation of Corporate Taxpayers... 109 10.2 Tax Charge Rate in International Comparison... 112 10.3 Taxation of Individual Taxpayers... 113 10.4 Withholding Tax...
More informationTax System of the Czech Republic
Tax System of the Czech Republic Division of taxes direct indirect Income tax Road tax Real estate tax Inheritance and gift tax, real estate transfer tax Value added tax Excise duties Environmental protection
More informationThis Notice requires you by law to send me
Tax Return for the year ended 5 April 1997 Official use Tax reference Employer reference Issue address Date Tax Office address Officer in Charge Telephone Please read this page first The green arrows and
More informationTaxation of Trusts on Divorce: Interception of Section 682 in Divorce. Presented to ABA RPTE Section Meeting. May 12, Boston, Massachusetts
Taxation of Trusts on Divorce: Interception of Section 682 in Divorce Presented to ABA RPTE Section Meeting May 12, 2016 Boston, Massachusetts By Leigh-Alexandra Basha Partner/Private Client Group McDermott
More informationTable of contents. Fondation BCV deuxième pilier. Chapter I Definitions 5
Occupational pension fund regulations last updated on 1 January 2013 2 Fondation BCV deuxième pilier Table of contents Chapter I Definitions 5 Chapter II General provisions 6 Article 1 Fund Statutes 6
More informationLuxembourg income tax 2018 Guide for individuals
Luxembourg income tax 2018 Guide for individuals www.pwc.lu 2 Table of Contents Basic principles Employment income Directors fees Dividend and interest income 1 2 3 4 5 Capital gains p4 p8 p9 p9 p10 Real
More informationINSTRUCTIONS FOR 2009 PIT-RC SCHEDULE NEW MEXICO REBATE AND CREDIT SCHEDULE
INSTRUCTIONS FOR 2009 PIT-RC SCHEDULE NEW MEXICO REBATE AND CREDIT SCHEDULE GENERAL INFORMATION SECTION I The questions in SECTION I must be answered to claim any of the rebates or credits reported in
More informationInternal Revenue Code Section 179(b)(6) Election to expense certain depreciable business assets
Internal Revenue Code Section 179(b)(6) Election to expense certain depreciable business assets CLICK HERE to return to the home page (a) Treatment as expenses. A taxpayer may elect to treat the cost of
More information