B permit and 1% swiss tax

Finance, Taxes, Banking, Insurance and Retirement
1
Hi

I am moving over to a B permit (EU national) from an L permit.

Does having a B permit make me liable for the 1% swiss tax? Or would that be a C permit? I am not eligible for a C yet.

I am a tax resident in another country but am nom-dom as I pay tax in Switzerland.

So I am checking if I will be liable for the additional taxation? Hopefully not!

Thanks!!

I did a search but didn't answer my question.

2
What 1% tax? First I've heard of it.

You won't be liable to additional taxation simply due to shifting from L to B.

3
I'd love to know more about this 1% tax!

4
Ok, I have phrased this badly.

If you are a tax resident in Switzerland then there is an annual tax of 1% of assets.

What I am asking is does moving from L to B classify me as a Swiss tax resident?

I already pay all my tax at source.

5
Wealth tax/Impôt pour la fortune? Well it's 1 per thousand (1 ‰) and not 1%. It tops at 2 per thousand for significantly large amounts in VS https://www.vs.ch/documents/508074/6...d-b500c11c7d56

6
Depends on your canton. Varies quite a bit.

7
B permit is also associated with tax at source, unless you earn more than 120k and maybe a couple other uncommon cases.

Assuming the choice of the B permit was already made, you have until March 2023 to figure it out. I suggest you ask the tax authority of your canton and the answer might depend on the exact country involved...

8
How can you have a B permit and not be tax resident? To maintain the permit you need to be in the country longer than you would need to be to become tax resident, no?

Wealth tax is calculated using world wide wealth to figure out the pro mille, but only charged on Swiss assets.

9
It varies.

When you are on an L permit you are living and working in Switzerland. Which means you're tax resident and are liable for wealth tax already. However, on a L and B permit, if your income is below a certain amount and a few other conditions apply, you don't have to fill in a tax return and you pay tax at source - meaning that wealth tax is taken into consideration by the tax at source rate applied.

On a C permit, you're no longer on tax at source and WILL have to fill in a tax return.

10
Everyone should fill out a tax return at least once, so they have an idea if they are paying the right amount. No need to submit it, if you like the results.