Switzerland: Personal Taxation

Wealth Tax

Wealth tax is annual and is levied at the cantonal level. The basis of assessment is as follows:

• Residents pay annual wealth tax on the value of all assets located in Switzerland;
• Non-residents pay an annual wealth tax on assets derived from enterprises and real estate situate in Switzerland.

The tax payable varies between canton to canton. Individuals whose wealth is below a certain threshold are exempted from the tax. By way of an example, the annual wealth tax in canton Zurich is levied at rates of up to 0.3%.

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