Nevertheless,
Taxes: administrative complexity makes billions:
Investments abroad
When administrative complexity makes you lose billions to Swiss investors – Taxes: administrative complexity makes billions
Tax degree automatically on Swiss investments abroad can sometimes be reimbursed. Furthermore, But you have to solve an administrative puzzle for this.
Administrative procedures to recover part of the dividends of foreign investments are so complex that individuals. institutions often do not do them.
KEYSTONE
- Swiss investors lose billions because discouraged by too complex administrative procedures.
- International tax authorities retain up to 30% of dividends at source.
- The double taxation conventions theoretically make it possible to recover part of the samples.
Swiss investors taken from administrative phobia? Some in any case, which would abandon billions taxes: administrative complexity makes billions to foreign tax people, reports “Blick».
Explanations: When the Swiss invest in international actions. the tax authorities of foreign countries take a share of dividends and interests. Up to 30% can thus be retained at the source, the media specifies.
These taxes are also called “guarantee taxes”. And for good reason: they work as a security deposit. Part of the money is automatically deducted (as with source tax. for example), but taxpayers can recover part (or more) in some cases. However, of course, that they declare their income correctly and that they take the necessary steps.
Too complex steps
In the case of Swiss investors. the double taxation agreements concluded with certain countries also come to play a role in certain cases. However. to manage to recover your taxes: administrative complexity makes billions money, it is necessary to take an administrative step that few private but also institutional investors make, because they are considered far too complex.
Result: nearly 4 billion would be abandoned to foreign tax people, explains “Blick”, taking up estimates published in the “NZZ” in 2022.
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