Funds tax reporting explained
Why is fund tax reporting important?
Individuals resident in Switzerland who hold investment funds must declare their taxable income in their tax return and report it to the cantonal tax administration.
However, the calculation of taxable income is complicated and is based, on the one hand, on the Federal Law on Direct Taxes and, on the other hand, on circulars 15, 24 and 25.
If the taxpayer does not know his basis of assessment, the cantonal tax administration must estimate the income at its discretion. In this context, the estimates are regularly set too high.
Thus, the investor ultimately pays too much tax, which is why these investment funds are unattractive and avoided by investors from Switzerland.
We at BS Consulting GmbH offer you a professional calculation of taxable income taking into account Swiss tax laws and circulars.
It does not matter whether the investment funds have multiple share classes or feeder funds, or whether they are a fund of funds.
We are experts in dealing with complex structures.
Having taken all distributions into account, we calculate and report accurate taxable income to the Swiss Federal Tax Administration who first verfies them and after publish the result on the course list on the internet.
This means that they are not only available to the cantonal tax administrations, but also to the banks that prepare the tax statements for their clients and, of course, to the investors for whom these funds have now become attractive again because they no longer have to pay too much tax.
