News

Withholding tax from 2021 onward

The withholding tax has been revised as of January 1, 2021 in Switzerland and this new tax collection system will be rolled out and harmonized at the country level.

From now on, Swiss residents are subject to a subsequent ordinary taxation (TOU) instead of withholding tax if one of the following conditions is met by the taxpayer:
  1. He has been subject to an ordinary subsequent taxation (mandatory or on request) in the previous year;
  2. He owns real estate in the canton;
  3. He has a gross annual income of more than CHF 120’000.00 (in case of a tax liability of less than 12 months, the threshold is calculated by annualizing the periodic income). And for a married couple, if one of the spouses has an annual income of more than CHF 120’000.00;
  4. He has taxable assets;
  5. He receives income that is not subject to withholding tax (alimony, income from assets, housing allowances, income from real estate or rental value, etc.);
  6. He has requested a subsequent ordinary taxation within the legal time limits.

As soon as the resident is subject to subsequent ordinary taxation, either compulsory or on request, the latter applies for all subsequent tax periods until the end of the tax liability at source, even if the conditions of the TOU are no longer met. The same applies to married couples in case of separation or divorce.

Non-resident taxpayers (cross-border commuters) may also apply for subsequent ordinary taxation, provided that at least 90% of their gross income for the tax period is taxable in Switzerland (quasi-resident status). These taxpayers have to renew the request for subsequent ordinary taxation for each tax year.

If the conditions for the mandatory subsequent ordinary taxation are met, or if the taxpayer wishes to benefit from the TOU, the notification must be made by March 31 of the year following the taxation year.

Finally, as of the 2021 tax period, it is no longer possible to file an application for a withholding tax adjustment to claim deductions such as 3rd Pillar payments, pension extra contributions, childcare costs and alimony payments, as it was the case until the 2020 tax period. However, the adjustment request remains applicable to allow for the consideration of family expenses and adjusted scales for couples.

Our specialists are at your disposal to answer your questions and assist you in these new procedures.

Contact us to book an appointment

Restriction of the travel expenses deductions

Restriction of the travel expenses deductions

As of January 1st 2016, the travel expenses from home to work will be limited at CHF 3'000.00 for federal taxes (IFD).

On February 9th 2014, the Swiss people voted for the railway financing and procuring infrastructure which has been widely accepted (62%).

One of the financing methods was to limit the travel expenses deductions at CHF 3’000.00.

As per the article 9 subparagraph 1 from LHID, the Cantons are free to determine this limit. In Geneva, the parliament has decided to limit these deductions at CHF 500.00, for cantonal and communal taxes (ICC).

The PLR Geneva has announced by press release on January 22nd 2016 that they have called for a referendum against this wide decrease.

To be continued…





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E: info@gsass.ch

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Tax return 2015 – do not forget the deductions!

Salerno & Associés Accountant Office in Geneva provides tax return services and helps you to save on taxes for 2015.

There are different tax deduction possibilities which may decrease the amount of tax you have to pay!

The check-list of the deductions 2015 that you should not forget is the following:

  • 3rd pillar contribution up to a maximum of CHF 6’786.00
  • Child care (crèche, nanny,…) up to a maximum of CHF 4’031.00 (per child) for cantonal and communal taxes (ICC taxes) and up to a maximum of CHF 10’100.00 (per child) for federal taxes (IFD taxes).
  • Health insurance premium up to a maximum of CHF 12'000.00 (from 26) for the cantonal and communal taxes (ICC taxes).
  • Property owners in Geneva: do you know that most of expenses you pay are deductible (for instance: insurance premium, refurbishment, new washing machine, new heating system, gardener’s expenses, and many more)? You have the choice between the effective costs (by providing the invoice to the tax authorities) or fixed costs which are 10% of your rental value (for properties that are less than 10 years old) and 20% of your rental value (for properties that are more than 10 years old). You can chose the effective or the fixed cost every year, which means that if one year you had a few effective cost and the next less or none, the first one you will deduct these effective costs and the next year the fixed costs. We would be pleased to help you sort out maintenance cost deductible or not.

Typical cantonal tax rates are 14-20%, while typical federal tax rates are 1-3%.

For a couple with 2 small children, you could save up 3’000.00 to 6’000.00 CHF. Our team is made of experienced tax consultants, tax advisors in Geneva – we will file your tax return and maximise your tax savings. We will also give you advice on how you can save more in the coming years.

Do not miss the deadline which is March 31st, call us or email us, using the below form, we will get back to you in one working day.





Contact us

G. Salerno & Associes SA

4 route de Florissant
Case Postale 431
CH-1211 Geneve 12

T: 41 (0)22 839 42 42
F: 41 (0)22 839 42 43
E: info@gsass.ch

You can send us an email by filling in the form below:





News VAT: online return

As per the message from the Tax authorities in Bern dated September 15th, 2015, the companies can henceforth fill their VAT return online.

You can sign in by following this notice from the Tax authorities (in French)

Of course you can give an access to your fiduciary so that it can fill the returns for you.





Contact us

G. Salerno & Associes SA

4 route de Florissant
Case Postale 431
CH-1211 Geneve 12

T: 41 (0)22 839 42 42
F: 41 (0)22 839 42 43
E: info@gsass.ch

You can send us an email by filling in the form below:





Your tax return 2015: maximum deduction 3rd pilar

If the conditions of affiliation at a 2nd pillar are filled, the maximum amount for the deduction of 3rd pillar is CHF 6'768.00 in 2015 instead of CHF 6'739.00 in 2014.

For the self-employed without a 2nd pillar, the maximum amount will be CHF 33’840.00 in 2015 but 20% of the determining income at maximum, instead of CHF 33’69600 in 2014.





Contact us

G. Salerno & Associes SA

4 route de Florissant
Case Postale 431
CH-1211 Geneve 12

T: 41 (0)22 839 42 42
F: 41 (0)22 839 42 43
E: info@gsass.ch

You can send us an email by filling in the form below:





News 2016: loss of earnings allowance (APG) rate

From January 1st, 2016 and for a period of 5 years (up to the end of 2020), the APG rate will be 0.45% instead of 0.5%.

The AVS/AI/APG rate will not be 10.3% but 10.25%, of which 5.125% will be charged to the employee.





Contact us

G. Salerno & Associes SA

4 route de Florissant
Case Postale 431
CH-1211 Geneve 12

T: 41 (0)22 839 42 42
F: 41 (0)22 839 42 43
E: info@gsass.ch

You can send us an email by filling in the form below:





News 2016: unemployment insurance

The unemployment insurance having a direct link with the accident insurance, the maximum amount of the insured earnings for the unemployment insurance will also be increased to CHF 148’200.00 instead of CHF 126’000.00.





Contact us

G. Salerno & Associes SA

4 route de Florissant
Case Postale 431
CH-1211 Geneve 12

T: 41 (0)22 839 42 42
F: 41 (0)22 839 42 43
E: info@gsass.ch

You can send us an email by filling in the form below:





News 2016: accident insurance – LAA

From January 1st, 2016, the maximum amount of insured earnings in case of accident will be CHF 148'200.00 instead of CHF 126'000.00.

This augmentation will have no impact on the rate of the insurance.





Contact us

G. Salerno & Associes SA

4 route de Florissant
Case Postale 431
CH-1211 Geneve 12

T: 41 (0)22 839 42 42
F: 41 (0)22 839 42 43
E: info@gsass.ch

You can send us an email by filling in the form below: