Withholding tax explained: 7 things you need to know
Most swiss residents are subject to the principle of self-assessment when it comes to paying their taxes. Anyone who lives or works in this country files a tax return and is required to pay the income and wealth tax based on the data provided. However, this system does not apply to people who are subject to the withholding tax, such as foreigners without a settlement permit and cross-border commuters. But what exactly is the withholding tax? We will tell you the 7 most important things you need to know about it.