According to Deloitte, profits from foreign business are tax exempt for Swiss resident individuals.
What are considered foreign business profits? Dividends from foreign businesses?
According to Deloitte, profits from foreign business are tax exempt for Swiss resident individuals.
What are considered foreign business profits? Dividends from foreign businesses?
In order to avoid confusion and prevent daydreamers from heading for Switzerland :
According to Deloitte, profits from foreign business are tax exempt for Swiss resident individuals.
What are considered foreign business profits? Dividends from foreign businesses?
This does not apply to Individual Taxation (read the Deloitte guide from top to bottom).
I've read the whole guide top to bottom many times actually.
Could you enlight us daydreamers on why the exception does not apply to individual taxation when the exception is right under the Individual taxation paragraph so it applies to resident individuals?
Sorry I’m slow: do you mean that a Swiss resident doesn’t pay taxes on dividends received from whatever foreign company?Switzerland has no CFC rules so its logical this will be the case. However as long as the company is managed and controlled outside Switzerland and not used for tax avoidance then this is all true indeed.
Yes
do you mean that a Swiss resident doesn’t pay taxes on dividends received from whatever foreign company?
I can not tell you why these organizations publish such badly worded brochures. If you are interested in Switzerland I urge you to consult a local tax advisor and to not rely on publications in English language.Will send an email to Deloitte asking why they allow daydreamers think they can flock to Switzerland.
In Taxand Switzerland tax guide they reiterate the same exemption but only for companies so what Deloitte wrote is correct only not for individuals.
I can not tell you why these organizations publish such badly worded brochures
Otherwise every Swiss resident/citizen would have a company to cash in dividends tax free
If I lived there, this is what I would pay:Wouldn't this be awesome? Why dreaming about Florida or Texas when you can settle in Bad Ragaz? I mean how cool that name is? When somebody asks you "where do you live?" you'll answer "Dude, i'm from Bad Ragaz where the baddest guys come from"
Deloitte also published nonsense with regards to Armenia and Egypt. They are masters in that.I don't know either because those informations are thought as a gateway for attracting customers so publishing wrong informations is definitely counter productive for them.
30 years ago not much. However, we live in 2022 where green socialist ideologies have taken over.Ok and what's wrong with that? Super wealthy countries like Hong Kong and Singapore built their wealth on the backbone of territorial taxation.
Sorry I’m slow: do you mean that a Swiss resident doesn’t pay taxes on dividends received from whatever foreign company?
So for example a Swiss resident can receive whatever amounts from a BVI company tax free?
Also, are we talking of federal taxes only or also of cantonal taxes?