Withholding tax (Switzerland)

Withholding tax (German: Verrechnungssteuer, Italian: imposta preventiva, French: impôt anticipé) is a tax levied at source in Switzerland since 1944 on capital income (particularly interest and dividends), lottery winnings and certain insurance benefits.

Withheld at a rate of 35% by the company (in particular the bank) providing the taxable benefit, and refundable to taxpayers domiciled in Switzerland who regularly declare their income and assets, it is intended to encourage fiscal probity.

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