The statutory rate of Swiss WHT is 35%.

The statutory rate of Swiss WHT is 35%. Relief, if any, is generally granted by refund. With respect to dividends between qualifying related companies, a mere notification/reporting procedure may be requested for the fraction of the Swiss WHT exceeding the residual WHT (which is 0% in many cases).

Statute of limitations The right to assess a filed tax return by the authorities in general lapses five years after the tax period in question has elapsed.

Ordinary dividend distributions are subject to a 15% U.S. withholding tax. Long-term capital gain distributions are not subject to U.S. withholding tax.

For example, a Swiss bank will have to apply a 35% withholding tax on interest paid to an individual resident in Switzerland only if this client makes an interest-bearing deposit at the Swiss bank of more than e.g. USD 200,000 over one year, assuming a favorable interest rate of 0.1% or higher.

To reclaim excess paid withholding tax, a reclaim request needs to be submitted to the tax authorities in the source country. The complexity of the reclaim process varies per country. Each country adopted its own reclaim procedure.

Under certain conditions, the anticipatory tax levied in Switzerland on certain income can be reclaimed – even if you have your tax residence abroad. In this article, we explain everything you need to know about anticipatory tax and how to reclaim it.

Many investors assume they do not need to reclaim their excess foreign taxes and can instead take a foreign tax credit or deduction on their U.S. tax return. However, the IRS only allows investors to claim foreign tax credits or deductions on withholdings that are not eligible for recovery.