Anticipatory tax (Verrechnungssteuer) explained in 3 simple steps
The anticipatory tax is an object tax levied on the gross amount of certain income components such as bank interest. As it levied mostly for security purposes Swiss taxpayers can reclaim the anticipatory tax in full. But why is it levied in the first place and how do you get your money back? We will answer these questions by explaining the anticipatory tax to you in 3 simple steps.