Verrechnungssteuer
Anticipatory Tax
Simple Definition
A 35% federal tax withheld on Swiss bank interest (>CHF 200) and dividends. It is designed to prevent tax evasion.
Why this matters to Expats.
This is not a "cost" if you are honest. Switzerland takes 35% of your dividends automatically. You get this **full amount back** (as a tax credit) simply by declaring the bank account in your annual tax return.
Actionable Intelligence
Foreign Shares: US Dividends have a 15-30% withholding too. Use the "DA-1" form in your Swiss tax return to claim back the US tax (Double Taxation Treaty).
Crypto: No VST on crypto gains (usually), but you must declare holdings for Wealth Tax.
Frequently Asked Questions
I forgot to declare an account. Is the money lost?
You effectively paid a 35% penalty tax. You can try to amend previous returns, but there are limits (usually 3 years).
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