Understand the wealth tax regulations in Switzerland...
Swiss cantons levy taxes on the net wealth of individuals which are subject to (limited or unlimited) taxation. In cases where the individual is resident in Switzerland, their worldwide wealth is subject to wealth taxes in Switzerland. Real estate or permanent establishments abroad are not taxed in Switzerland but considered for the determination of the applicable tax rate. In cases where the individual is taxed on his/her real estate or permanent establishments located in Switzerland, the taxation is limited to the assets located in Switzerland.
- The wealth tax in the canton of Geneva amount to approx. 0.6% of the taxable net wealth
- In the canton of Vaud the wealth tax amounts to approx. 0.3%
- The wealth tax in the canton of Zürich is based on a progressive rate and varies from 0.05% to max 0.66% of the taxable net wealth