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Tax guide for Americans in Switzerland

Tax guide for Americans in Switzerland

Switzerland, renowned for its majestic Alps, chocolates, and precision engineering, is also a hub for international business and finance. Its unique geographical location, political neutrality, and robust economy make it a sought-after destination for expatriates, including many Americans. However, when it comes to taxation, understanding the distinction between residents and non-residents is crucial. This guide sheds light on the nuances of residency for tax purposes in Switzerland.

Table of contents

  1. Resident vs. non-resident of Switzerland
  2. Who can be considered a resident of Switzerland
  3. Personal income tax rates
  4. Other types of taxation in Switzerland
  5. Types of income in Switzerland
  6. Switzerland's pension system
  7. Deductions and credits for expats in Switzerland
  8. Tax treaty between the US and Switzerland
  9. Most popular tax forms for US expats
  10. When are Switzerland's taxes due?
  11. Switzerland tax forms for US expats

Resident vs. non-resident of Switzerland

Switzerland's taxation system is based on the principle of territoriality, which means individuals are taxed based on their residence status.

  • Residents: Individuals who have their primary domicile in Switzerland or spend a significant portion of the year (typically 180 days or more) in the country are considered residents.
    Being a resident means you are subject to Swiss tax on your worldwide income and assets. This includes income from employment, investments, and other sources, both within Switzerland and abroad.
  • Non-residents: Individuals who do not meet the criteria for residency are considered non-residents. Non-residents are only taxed on income and assets sourced from Switzerland.
    This might include income from employment within Switzerland, rental income from Swiss property, or income from a Swiss bank account. However, income from outside of Switzerland is not subject to Swiss tax for non-residents.

Who can be considered a resident of Switzerland

The criteria for residency in Switzerland are twofold:

Domicile: If an individual has their primary or permanent residence in Switzerland, they are automatically considered a resident. This is determined by where a person returns to regularly, where their family lives, or where they have strong personal and economic ties.

Duration of Stay: Even if an individual does not have a permanent residence in Switzerland, they can still be considered a resident if they stay in the country for 180 days or more in a calendar year. It's important to note that short absences, such as vacations or business trips, do not interrupt this period.

Personal income tax rates

Income tax in Switzerland is levied at three levels:

  1. Federal.
  2. Cantonal.
  3. Communal.

The combination of these taxes determines the overall income tax rate for an individual.

1. Direct federal tax on income: This is the tax levied by the Swiss federal government on an individual's worldwide income. The rates are progressive, meaning they increase as income rises.

The federal tax is consistent across all cantons and is separate from cantonal and communal taxes.

Direct federal tax on income for single taxpayers (2023)

Taxable income (CHF*) Tax rate (%)
0-14,800 -
14,800-32,200 0,77
32,200-42,200 0,88
42,200-56,200 2,64
56,200-73,900 2,97
73,900-79,600 5,94
79,600-105,500 6,6
105,500-137,200 8,8
137,200-179,400 11
179,400-769,600 13,2
769,600 and above 11,5

* Swiss francs

Direct federal tax on income for married taxpayers and single taxpayers with minor children (2023)

Taxable income (CHF) Tax rate (%)
0-28,800 -
28,800-51,800 1
51,800-59,400 2
59,400-76,700 3
76,700-92,000 4
92,000-105,400 5
105,400-116,900 6
116,900-126,500 7
126,500-134,200 8
134,200-139,900 9
139,900-143,800 10
143,800-145,800 11
145,800-147,700 12
147,000-912,600 13
912,600 and above 11,5


2. Zurich cantonal tax: Zurich, as one of the major financial hubs of Switzerland, has its own set of tax rates. The cantonal tax in Zurich is based on an individual's income and wealth.

The rates can vary significantly depending on the municipality within the canton. As with other cantonal taxes, it's progressive.

Zurich cantonal tax on income for single taxpayers (2023)

Taxable income (CHF) Tax rate (%)
0-6,700 -
6,700-11,400 2
11,400-16,100 3
16,100-23,700 4
23,700-33,000 5
33,000-43,700 6
43,700-56,100 7
56,100-73,000 8
73,000-105,500 9
105,500-137,700 10
137,700-188,700 11
188,700-254,900 12
254,900 and above 13


Zurich cantonal tax on income for married taxpayers and single taxpayers with minor children (2023)

Taxable income (CHF) Tax rate (%)
0-13,500 -
13,500-19,600 2
19,600-27,300 3
27,300-36,700 4
36,700-47,400 5
47,400-61,300 6
61,300-92,100 7
92,100-122,900 8
122,900-169,300 9
169,300-224,700 10
224,700-284,800 11
284,800-354,100 12
354,100 and above 13


2.1 Geneva cantonal tax: Geneva, another significant city in Switzerland, levies its own cantonal tax. Similar to Zurich, the rates are progressive and are based on both income and wealth.

Geneva's position as an international city means it has a diverse population, and the tax rates reflect the need to remain competitive and attractive to foreign professionals and businesses.

Geneva cantonal tax on income (2023)

Taxable income (CHF) Tax rate (%)
0-17,697 -
17,698-21,322 8
21,323-23,454 9
23,455-25,586 10
25,587-27,719 11
27,720-33,049 12
33,050-37,313 13
37,314-41,578 14
41,579-45,842 14,5
45,843-73,561 15
73,562-120,470 15,5
120,471-162,047 16
162,048-183,370 16,5
183,371-262,261 17
262,262-273,319 17,5
273,320-393,392 18
393,393-616,206 18,5
606,206 and above 19


3. Geneva communal tax: In addition to cantonal taxes, individuals in Geneva also pay communal taxes. These are levied by the individual municipalities within the canton. The rates can vary from one municipality to another, and they are applied to the same taxable income as the cantonal tax.

The communal tax is used to fund local services and infrastructure.

Other types of taxation in Switzerland

Switzerland's tax system is multifaceted, reflecting its federal structure. The country is divided into 26 cantons, each with its own tax laws and rates, which coexist alongside federal taxes.

This decentralized approach allows for a high degree of fiscal autonomy at the cantonal and communal levels. Let's delve into some of the primary taxes that individuals might encounter in Switzerland.

Value-added tax (VAT)

Value-added tax, commonly referred to as VAT, is a consumption tax levied on the value added to goods and services at each stage of production or distribution. In Switzerland, VAT is a significant source of federal revenue. It applies to most goods and services sold within the country, with some exceptions like medical services, educational services, and certain cultural activities.

Businesses that provide taxable goods or services in Switzerland and have an annual turnover exceeding a specific threshold are required to register for VAT. These businesses collect VAT from their customers and remit it to the federal tax authorities, deducting the VAT they have paid to other businesses.

It's worth noting that tourists who make purchases in Switzerland can often benefit from a VAT refund upon leaving the country, provided they meet certain conditions.

Net wealth tax

Net wealth tax is levied on an individual's net assets, which include real estate, savings, investments, and other valuables. The tax is calculated based on the market value of these assets, minus any liabilities or debts.

Unlike income tax, which is based on earnings, the net wealth tax focuses on accumulated wealth.

Inheritance and gift taxes

In Switzerland, inheritance and gift taxes are levied at the cantonal level, meaning each of the 26 cantons has its own set of rules and rates. These taxes are imposed on assets that are transferred upon death (inheritance) or as a gift during one's lifetime.

  • Inheritance tax: This tax is applied to the beneficiaries of an estate. The rate and exemptions often depend on the relationship between the deceased and the beneficiary. For instance, direct descendants (children, grandchildren) might benefit from lower rates or even full exemptions in some cantons.
  • Gift tax: Similar to the inheritance tax, the gift tax is levied on assets transferred during the donor's lifetime. The rate often depends on the value of the gift and the relationship between the donor and the recipient. Some cantons offer exemptions or reduced rates for gifts to direct family members.

It's worth noting that while some cantons impose both inheritance and gift taxes, others might only levy one or neither.

Property taxes

Property taxes in Switzerland are primarily levied at the cantonal and communal levels. They are imposed on the ownership of real estate, including land and buildings. The tax is typically based on the property's assessed value, which might be lower than its market value.

Rates vary widely among cantons and municipalities.

Some cantons offer tax breaks or exemptions for primary residences or agricultural properties.

Excise taxes

These are indirect taxes levied on specific goods like alcohol, tobacco, and gasoline. They are designed to either discourage the consumption of certain products or generate revenue for specific purposes, such as infrastructure development.

Turnover taxes

Unlike VAT, which is levied on the added value at each production stage, turnover taxes are imposed on the total turnover or sales of a business. In Switzerland, this type of tax is less common and is mostly replaced by VAT.

Registration taxes

These taxes are applied to specific transactions, such as the registration of a vehicle or the transfer of real estate. The rates and conditions vary among cantons.

Custom duties

Switzerland, though not a member of the European Union, has numerous trade agreements in place. Customs duties are levied on goods imported into Switzerland, with rates depending on the type of product and its origin. These duties protect domestic industries and generate revenue for the federal government.

Capital gains tax

In Switzerland, the taxation of capital gains — the profit from the sale of assets such as stocks, bonds, or real estate — varies based on the type of asset and the duration of ownership.

  • Securities: Capital gains derived from the sale of privately held securities, such as stocks or bonds, are generally tax-free for individual investors. However, if an individual is considered a professional securities trader by tax authorities, these gains become taxable.
  • Real Estate: Capital gains from the sale of real estate are taxable in Switzerland. The tax rate is progressive and decreases the longer the property is held, incentivizing long-term ownership. The exact rate and calculation method can vary among cantons.

While capital gains on securities are often exempt, dividends and interest are subject to income tax.

Non-income taxes

Apart from the regular income taxes, Switzerland imposes several other taxes on various transactions and assets.

  1. Stamp taxes: These are federal taxes levied on certain securities transactions, such as the issuance or transfer of shares. There's also a stamp duty on insurance premiums.
  2. Transfer taxes: Transfer taxes are imposed on the transfer of certain assets, such as real estate. The rate and conditions vary among cantons.
  3. Treatment of foreign-owned real estate: Foreign nationals and entities without residency in Switzerland face certain restrictions when buying real estate.
    The "Lex Koller" legislation limits the acquisition of Swiss real estate by non-residents. However, there are exceptions, especially for properties used as a primary residence or for business purposes.
  4. Church tax: In Switzerland, recognized religious denominations have the right to levy a church tax on their members. This tax is collected by cantonal tax authorities on behalf of the religious denominations.
    The rate and conditions vary among cantons and depend on the religious affiliation of the taxpayer. While church tax is voluntary for legal entities, individuals registered with a religious denomination are usually obligated to pay.

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Types of income in Switzerland

Switzerland's comprehensive tax system encompasses various types of income, ensuring that all forms of earnings are appropriately taxed.

Employment income

Employment income is one of the most common types of income in Switzerland and refers to all remuneration received by an individual for services performed as an employee. This includes:

  • Salaries and wages: Regular payments made by employers to employees for their work.
  • Bonuses: Additional payments made to employees based on performance, achievements, or other criteria.
  • Benefits-in-kind: Non-cash benefits provided to employees, such as company cars, housing allowances, or health insurance. These are typically valued at their market value and are considered taxable income.
  • Pensions and annuities: Payments received from pension schemes or retirement plans.

Assignment related income

Assignment related income pertains to remuneration received by individuals who are on temporary assignments, often in a foreign country.

This can include expatriates sent by their employers to work in Switzerland for a limited period. Key components of assignment-related income are:

  • Cost-of-living allowances: Additional payments made to employees to cover the increased cost of living in the assignment location compared to their home country.
  • Housing allowances: Payments made to cover the cost of housing in the assignment location. This can be especially relevant in cities like Zurich or Geneva, where housing costs can be significantly higher than in other regions.
  • Education allowances: Payments made to cover the cost of schooling for the children of employees on assignment, especially if they attend international schools.
  • Home leave allowances: Payments or reimbursements made to employees for travel back to their home country during their assignment.

Equity compensation

Equity compensation refers to the practice of granting employees shares or options in the company as part of their remuneration package.

In Switzerland, this form of compensation is becoming increasingly popular, especially among startups and multinational corporations. Key aspects of equity compensation include:

  • Stock options: These give employees the right to purchase company shares at a predetermined price, usually lower than the market value. When employees exercise these options and sell the shares at a higher market price, they realize a gain, which is taxable.
  • Restricted stock units (RSUs): RSUs are company shares given to employees, but with certain restrictions, typically related to vesting periods. Once the vesting period ends, the shares are transferred to the employee and become taxable.
  • Performance shares: These are granted to employees based on the achievement of specific performance metrics. Taxation occurs when the shares are awarded.
  • The taxation of equity compensation in Switzerland depends on the type of equity and the timing of its realization. Generally, the value of the equity at the time of vesting or exercise is considered taxable employment income.

Business income

Business income in Switzerland encompasses all earnings generated from self-employed activities, whether as a sole proprietor, a partner in a partnership, or through a corporation. Key considerations include:

  • Operating income: Revenue generated from the core business activities, such as sales of products or services.
  • Investment income: Earnings from investments related to the business, such as interest, dividends, or rental income from business-owned properties.
  • Capital gains from business assets: Profits from the sale of business assets, such as property, equipment, or intellectual property.

Business expenses, like salaries, rent, and other operational costs, can be deducted from the gross business income to determine the taxable amount. The exact tax rate will vary based on the canton and municipality where the business operates.

Dividend income

In Switzerland, dividends are payments made by corporations to their shareholders, typically out of their profits. These payments are subject to taxation, and the key aspects include:

  • Withholding tax: Switzerland levies a 35% withholding tax on dividends. However, this tax can be reclaimed in full or in part by Swiss residents, depending on their cantonal and communal tax rates.
    For non-residents, the possibility of reclaiming this tax depends on double taxation treaties between Switzerland and their country of residence.
  • Qualified dividends: If an individual holds a significant stake (usually more than 10%) in a company, the dividends received may be considered "qualified dividends." These dividends benefit from a reduced tax rate in several cantons.
  • Foreign dividends: Dividends received from foreign sources are also taxable in Switzerland. However, the Swiss tax authorities will consider any foreign taxes paid on these dividends to avoid double taxation.

Interest income

Interest income in Switzerland refers to earnings from savings accounts, bonds, or other interest-bearing investments. The taxation of such income includes:

  • Withholding tax: Similar to dividends, interest income is subject to a 35% withholding tax. Swiss residents can reclaim this tax, while non-residents may do so based on double taxation agreements.
  • Exemptions: Interest earned on savings accounts held with Swiss banks is typically exempt from taxation up to a certain amount. However, interest from bonds or other securities is fully taxable.
  • Foreign interest: Interest earned from foreign sources is taxable in Switzerland. Any foreign taxes paid can be credited to avoid double taxation.

Rental income

Rental income pertains to earnings derived from leasing out property, whether residential, commercial, or land. In Switzerland, this income is subject to taxation, and the key points are:

  • Taxable amount: The gross rental income, minus allowable expenses such as maintenance, insurance, and interest on mortgages, forms the taxable amount.
  • Imputed rental value: Homeowners in Switzerland are subject to tax on the "imputed rental value" of their property. This is the estimated amount the owner would earn if they rented out their property. However, related expenses and mortgage interest can be deducted.
  • Cantonal variations: The exact rate and method of taxation can vary among cantons. Some cantons may offer deductions for energy-efficient renovations or for preserving historical buildings.

Intellectual property

Intellectual property (IP) in Switzerland encompasses creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce.

The country has a robust framework for protecting and monetizing IP rights, and the taxation aspects include:

  • Royalties: Income derived from licensing intellectual property, such as patents, trademarks, copyrights, and trade secrets, is considered royalty income. Royalties are generally subject to ordinary income tax rates in Switzerland.
  • Sale of IP: Profits realized from the sale of intellectual property rights are treated as capital gains. Depending on the duration of ownership and the nature of the asset, these gains may be subject to preferential tax rates.
  • R&D Incentives: Switzerland offers various tax incentives to promote research and development, including deductions for R&D expenses. Some cantons also provide tax credits or exemptions for income derived from newly developed IP.
  • Patent Box Regime: Introduced to align with international standards, the patent box regime in Switzerland allows for a reduced tax rate on qualifying patent income at the cantonal level. This regime aims to promote innovation and research within the country.

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Switzerland's pension system

Switzerland's pension system is renowned for its stability and efficiency. As mentioned, it operates on a three-pillar principle:

  1. First pillar (State Pension): The Old Age and Survivors' Insurance (AHV) is the cornerstone. It ensures basic financial coverage for retirees. The amount one receives depends on the number of years they've contributed and their average income during their working years. It's designed to cover basic living expenses.
  2. Second pillar (Occupational Pension): The Occupational Benefit Plan (BVG) complements the AHV. It's mandatory for employees and aims to ensure that retirees can maintain 60% of their last salary. The exact benefits depend on the accumulated capital and the pension fund's conversion rate at retirement.
  3. Third pillar (Private Pension): This voluntary scheme allows individuals to close gaps in their retirement provisions. There are two types: Pillar 3a (restricted pension provision) and Pillar 3b (unrestricted pension provision). The 3a accounts have annual contribution limits and offer tax advantages.

The Swiss pension system is designed to be flexible and adapt to individual needs. For instance, it's possible to draw the AHV pension earlier or later than the standard retirement age, affecting the monthly amount. Similarly, the second pillar offers options like lump-sum withdrawals or purchasing additional benefits.

Deductions and credits for expats in Switzerland

Switzerland offers a range of tax deductions and credits, ensuring that taxpayers, including expatriates, are not unduly burdened.

These deductions help reduce the taxable income, leading to potential tax savings. For expatriates, understanding these deductions is crucial, especially when navigating the Swiss tax system for the first time.

Employment expenses

Expatriates working in Switzerland can claim various employment-related expenses as deductions. These expenses must be directly related to the individual's employment and not reimbursed by the employer. Some of the common employment expenses that can be deducted include:

  1. Travel costs: Expenses related to commuting between home and the workplace can be deducted. This includes costs for public transportation, such as train or bus tickets, as well as expenses related to using a private vehicle for commuting.
  2. Work-related training and education: Costs incurred for further training or education directly related to the current profession can be deducted. This includes courses, seminars, and workshops that enhance the individual's professional skills.
  3. Work equipment and tools: If an employee has to purchase specific equipment or tools for their job and these are not reimbursed by the employer, the costs can be deducted. This might include specialized software, safety gear, or other necessary tools.
  4. Home office expenses: Due to the increasing trend of remote work, expenses related to setting up and maintaining a home office can be deducted. This includes a portion of rent, utilities, and office supplies, provided the home office is exclusively used for work purposes.
  5. Professional association fees: Membership fees for professional associations or unions that are relevant to the individual's job can be deducted.
  6. Job search expenses: Costs related to searching for a new job, such as application fees, travel expenses for interviews, or consultancy fees, can be deducted, provided they are not reimbursed by the new employer.

Personal deductions

Switzerland's tax system allows for a variety of personal deductions, which can significantly reduce an individual's taxable income. These deductions are designed to account for specific personal expenses that can impact an individual's financial situation. Here's a closer look at some of these deductions:

  1. Alimony: Payments made as alimony to a former spouse can be deducted from taxable income. It's essential to have a formal agreement or court order specifying the alimony amount and ensure that the payments are made as stipulated.
  2. Charitable contributions: Donations made to recognized charitable organizations within Switzerland can be deducted. There's usually a minimum and maximum limit on the amount that can be deducted, and it's crucial to retain receipts or proof of donation.
  3. Day-care expenses: Costs incurred for the care of children, such as fees for nurseries, day-care centers, or babysitters, can be deducted. This deduction aims to support working parents and ensure that child care costs don't become a prohibitive expense.
  4. Life insurance premiums: Premiums paid for life insurance policies can be deducted up to a certain limit. This deduction encourages individuals to secure their family's financial future.
  5. Mortgage deduction: Interest paid on mortgages for a primary residence can be deducted from taxable income. This deduction supports homeownership and acknowledges the significant financial commitment involved.
  6. Real estate costs: Maintenance costs related to a primary residence, such as repairs, renovations, or utility charges, can be deducted. However, costs related to value-enhancing improvements are typically not deductible.
  7. Bank charges: Fees and charges related to maintaining a bank account, such as account management fees or transaction charges, can be deducted. This deduction acknowledges the essential role of banking services in modern life.
  8. Medical expenses: Unreimbursed medical expenses that exceed a certain threshold can be deducted. This includes costs for treatments, medications, therapies, and other medical services. The deduction recognizes the financial burden that significant medical expenses can place on individuals.

Personal allowances

In Switzerland, personal allowances play a crucial role in reducing the taxable income of individuals. These allowances are predetermined amounts set by tax authorities to account for the basic living expenses of taxpayers and their dependents.

The primary purpose is to ensure that individuals have enough income left after taxation to cover essential living costs.

The allowances can vary based on factors like marital status, number of dependents, and age. It's essential to check the specific allowances applicable in each canton, as there might be variations.

Business deductions

For individuals engaged in business activities or self-employment in Switzerland, there are several business-related deductions available to reduce taxable profit.

These deductions account for the costs of doing business and ensure that only the net profit is taxed. Some of the key business deductions include:

  • Accrued expenses: These are expenses that have been incurred but not yet paid by the end of the tax year. Businesses can deduct these expenses in the year they are incurred, even if the payment is made in a subsequent year. Examples include unpaid invoices or salaries.
  • Contingent liabilities: These are potential liabilities that may arise due to past events, but their occurrence is uncertain. If a business can reasonably estimate a contingent liability and it's more likely than not to occur, it can be deducted.
  • Depreciation of fixed assets: Fixed assets, such as machinery, vehicles, or buildings, lose value over time. Businesses can deduct this loss in value, known as depreciation, over the asset's useful life.
  • The deduction amount each year is determined based on the asset's cost and its expected lifespan.
  • Amortization of intangibles: Intangible assets, like patents, copyrights, or goodwill, also lose value over time. This reduction in value, known as amortization, can be deducted from the intangible asset's useful life.
  • The method and rate of amortization can vary based on the nature of the asset and local regulations.

Tax treaty between the US and Switzerland

The tax treaty between the United States and Switzerland is a bilateral agreement designed to prevent double taxation of income and promote economic cooperation between the two countries.

This treaty ensures that citizens and residents of one country aren't taxed by both countries on the same income. Key provisions of the treaty include:

  1. Dividends, interest, and royalties: The treaty provides reduced tax rates or exemptions for dividends, interest, and royalties paid by a company of one country to a resident of another country.
  2. Capital gains: The treaty outlines the taxation rights of each country concerning capital gains derived from the sale of property, shares, or other assets.
  3. Employment income: Income earned by a resident of one country from employment in the other country is generally taxable only in the country of residence unless specific conditions are met.
  4. Pensions and Social Security: The treaty provides guidelines for the taxation of pensions, annuities, and social security payments to ensure that retirees aren't subject to double taxation.
  5. Information exchange: The treaty facilitates the exchange of tax-related information between the tax authorities of both countries, promoting transparency and combating tax evasion.

    The tax treaty also provides mechanisms for resolving disputes and clarifying ambiguous tax situations. Individuals and businesses operating in both countries should be aware of the treaty's provisions to ensure they benefit from the available tax advantages.

Most popular tax forms for US expats

US expatriates, regardless of where they reside, are required to file US tax returns and report their worldwide income. Several tax forms are particularly relevant for US expats, including:

  1. Form 1040: The standard US individual income tax return form. All US citizens and residents must file this form, detailing their income and claiming any deductions and credits.
  2. Form 2555: Foreign Earned Income Exclusion (FEIE). This form allows qualifying US expats to exclude a certain amount of their foreign-earned income from US taxation.
  3. Form 1116: Foreign Tax Credit. If a US expat pays taxes to a foreign government, they may be eligible to claim a credit for these taxes against their US tax liability using this form.
  4. Form 8938: Statement of Specified Foreign Financial Assets. US expats with significant foreign financial assets must report them using this form.
  5. FBAR (FinCEN Form 114): Report of Foreign Bank and Financial Accounts. US persons with foreign bank accounts whose aggregate value exceeds a certain threshold must file this report.
  6. Form 8833: Treaty-Based Return Position Disclosure. If a US expat takes a tax position based on a treaty provision, they may need to disclose it using this form.

When are Switzerland's taxes due?

In Switzerland, the tax year corresponds to the calendar year, running from January 1st to December 31st. The deadlines for filing tax returns and making payments vary depending on the canton of residence, as Switzerland has a decentralized tax system with federal, cantonal, and communal levels of taxation. Some general guidelines are:

  • Federal taxes: The deadline for filing federal tax returns is typically the end of March of the following year. However, taxpayers can request an extension, which, if granted, can extend the deadline to September.
  • Cantonal and communal taxes: The deadlines for cantonal and communal taxes can differ from one canton to another. In many cantons, the deadline for filing is between March and April, but extensions are often available upon request.
  • Payment deadlines: Once the tax assessment is received, taxpayers usually have 30 days to make the payment. Some cantons offer the option of paying taxes in installments.

Switzerland tax forms for US expats

US expatriates residing in Switzerland have dual tax obligations – to the US and Switzerland. While they must file US tax returns reporting their worldwide income, they also have to fulfill their tax obligations in Switzerland. Some of the relevant Swiss tax forms for US expats include:

  1. Tax return form: Depending on the canton of residence, US expats will need to complete the appropriate cantonal tax return form. This form covers income, wealth, and other relevant tax matters.
  2. Wealth tax form: In cantons that levy a wealth tax, US expats will need to declare their worldwide assets, including real estate, bank accounts, securities, and other valuables.
  3. Rental income form: If a US expat earns rental income from property in Switzerland, they must declare this income using the specific form provided by the cantonal tax authorities.
  4. Self-employment form: US expats who are self-employed in Switzerland must complete a form detailing their business income and expenses.
  5. Foreign assets and income declaration: US expats must declare their foreign (non-Swiss) assets and income, ensuring transparency and avoiding double taxation.