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Switzerland
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Switzerland

  #11 (permalink)
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Shark07 View Post
Hello fellow Swiss traders,

A quick question for you all, I will shortly commence trading the SP500 futures market from Switzerland as a profession. Before I sit down for a no doubt expensive conversation with a tax expert here do any of you know the tax implications of trading from here?
Are you subject to capital gains, normal income tax? - are you obliged to set up as a sole trader?.

Many thanks for any advice.

Ask in the tax thread:

https://futures.io/traders-hideout/4832-tax-thread.html

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  #12 (permalink)
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I just have to ask a certficate to my broker (based in Switzerland too) at the end of the year for all product apart from stocks (specific tax stamps). In my case, I only transfer this certificate to the tax authorities (if demanded) and note my trading account as a normal banking account.

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  #13 (permalink)
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onava View Post
Is there any traders here based in switzerland by any chance ?

Yes, me too from Switzerland :-) looks like a big enough community!

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  #14 (permalink)
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The biggest afvantage in Switzerland is that you're only taxes on your fortune and not your profit, apart from the famous tax stamp on equities.

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  #15 (permalink)
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Switzerland is a landmark for financial banks and capitalistic mentality

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  #16 (permalink)
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qwertz2021 View Post
The biggest afvantage in Switzerland is that you're only taxes on your fortune and not your profit, apart from the famous tax stamp on equities.

I think what you say is only half true. Yes you have taxes on your wealth(bank account, houses...) but you also have taxes on your income. If your income is made with trading then you will pay tax on it. The rate is progressive and based on your total income size.
This is at least what I know and what I do. If you know something different maybe I should talk better with my accountant!

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  #17 (permalink)
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montanajtt View Post
I think what you say is only half true. Yes you have taxes on your wealth(bank account, houses...) but you also have taxes on your income. If your income is made with trading then you will pay tax on it. The rate is progressive and based on your total income size.
This is at least what I know and what I do. If you know something different maybe I should talk better with my accountant!


I thought the same. When you trade professionally you need to pay taxes because it is your income, but when you trade a side and you have a day job you don't have to pay taxes.

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  #18 (permalink)
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I don't know if I am allowed to jump into that thread :-)
Although I do not live in Switzerland nowadays, my partner is Swiss, from the French Canton of Neuchatel, and we lived there for a few years in the past.

So maybe I can give you some ideas...

It is probably worth noting that sometimes you have different regulations and different taxes depending on the Canton you live in, etc... but this is minor of course.

An interesting point for a trader would be that in Switzerland you can have a special tax status if all your income comes from outside CHE. And then you would pay taxes on what you spend in the country, instead of what you earn!
This is exactly what I was doing at some point, from the government perspective I wasn't technically working and gaining my income in Switzerland, just living there; because I had setup a financial company in Luxembourg from which I do all my trading and all my income was coming from that LLC.

On a side note, and on a wider scope than Switzerland in se; if you are really serious going in that direction, you can research a company type you can form in Luxembourg, called SPF or in French ‘société de gestion de patrimoine familial’

This could be the perfect company for any trader working solely for himself and his family; as you would pay no taxes at all except for an annual participation equal to 0.25% of the total capital; and at the same there are no conditions as to the nationality of the owner, manager, or his/her country of residence.

Maybe I’ve opened a hole can of worms; maybe not ;-)
but just an idea among others for tax reduction…

http://www.loyensloeff.com/nl-nl/documents/nieuws/publicaties/brochures/lll_spf_oct08image.pdf

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  #19 (permalink)
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Fadi View Post
I don't know if I am allowed to jump into that thread :-)
Although I do not live in Switzerland nowadays, my partner is Swiss, from the French Canton of Neuchatel, and we lived there for a few years in the past.

So maybe I can give you some ideas...

It is probably worth noting that sometimes you have different regulations and different taxes depending on the Canton you live in, etc... but this is minor of course.

An interesting point for a trader would be that in Switzerland you can have a special tax status if all your income comes from outside CHE. And then you would pay taxes on what you spend in the country, instead of what you earn!
This is exactly what I was doing at some point, from the government perspective I wasn't technically working and gaining my income in Switzerland, just living there; because I had setup a financial company in Luxembourg from which I do all my trading and all my income was coming from that LLC.

On a side note, and on a wider scope than Switzerland in se; if you are really serious going in that direction, you can research a company type you can form in Luxembourg, called SPF or in French ‘société de gestion de patrimoine familial’

This could be the perfect company for any trader working solely for himself and his family; as you would pay no taxes at all except for an annual participation equal to 0.25% of the total capital; and at the same there are no conditions as to the nationality of the owner, manager, or his/her country of residence.

Maybe I’ve opened a hole can of worms; maybe not ;-)
but just an idea among others for tax reduction…

http://www.loyensloeff.com/nl-nl/documents/nieuws/publicaties/brochures/lll_spf_oct08image.pdf


Thank you, it is indeed very interesting !

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  #20 (permalink)
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PS: if you are a Swiss national, that won't work for you ;-) you have to be a foreigner living in Switzerland without working and generating income in Switzerland...

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