Ads
related to: pwc tax summary switzerland pdf free file compressor over 50mb
Search results
Results From The WOW.Com Content Network
Total tax revenue as a percentage of GDP for Switzerland over the past several decades compared to other highly developed states. All people resident in Switzerland are liable for the taxation of their worldwide income and assets, except on the income and wealth from foreign business or real estate, [10] or where tax treaties limit double taxation.
The Federal Direct Tax (FTA) is a Swiss direct income tax. It is the main source of revenue for the federal government, followed by the value-added tax (VAT), which represent respectively 34.3% and 32.1% of the total tax receipts as of 2022. [1] There is no wealth tax at the federal level; it is levied only by the cantons and municipalities.
It is reimbursed by the Federal Tax Administration to legal entities domiciled in Switzerland, as long as they regularly declare the income concerned as yield. [2] Persons domiciled abroad may claim reimbursement of withholding tax if their country of residence has concluded a double taxation agreement with the country levying the tax. [1]
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Donate
Over all, the revenue from these federal taxes in Switzerland is equal to approximately 10.5% of its GDP. [14] Some of the non fiscal revenues of the federal budget are for example its share in the profits of the Swiss national bank (1.3%), revenues from different payments (2%) or revenues from investments (0.5%).
the value added tax (VAT) the federal direct tax (FDT) the withholding tax; the stamp duty; the military service substitute tax; Subdivisions of the FTA also take care of the application and enforcement of tax law, provide information on tax issues, further develop the tax system and help resolve international tax issues (e.g., double taxation ...
A new income tax law, passed in 1997 and effective 1998, determined residence as the basis for taxation of worldwide income. [169] The Philippines used to tax the foreign income of nonresident citizens at reduced rates of 1 to 3% (income tax rates for residents were 1 to 35% at the time). [170]
Main page; Contents; Current events; Random article; About Wikipedia; Contact us