Anticipated tax and dual taxation agreements

Philippe FRESARD, notary and lawyer in Berne and Olivier JACOPIN, notary and lawyer in St-Aubin

Anticipated tax

Anticipated tax is a federal tax deducted at source on the yield of movable capital. Interest on bank credits and obligations, dividends and all pecuniary services or monies paid (in Swiss Francs) to shareholders are subjected to anticipated tax. The anticipated tax rate is 35%. Beneficiaries of capital products living in Switzerland can ask for a refund of anticipated tax insofar as they pay their taxes on capital, income or profits. For people residing abroad, anticipated tax is only refunded (fully or partly) if a dual taxation agreement has been signed between Switzerland and the country of residence.

Dual taxation agreements

Within the framework of relations with our French neighbour, it goes without saying that there is such an agreement that erases the damaging effects of dual taxation between Switzerland and France, both concerning natural and legal persons (agreement dated 9th September 1966 between the Swiss Confederation and the French Republic with a view to avoid dual income and capital taxation, including the rider dated 22nd July 1997).

Bern/St-Aubin, 10.02.2015