How long does the refund process take?

Typically 8–10 months. Claims are processed in order; no receipt confirmation. To avoid delays, include the correct refund form, a tax residency certificate, and proof of dividend payment (tax voucher or broker statement).

Are dividends from Swiss ETFs taxed?

Yes. Swiss ETFs distribute dividends subject to 35% withholding. Foreign investors can reclaim part under applicable DTTs (e.g., U.S. down to 15%) by filing a refund claim with the FTA/ESTV.

What is the minimum dividend amount for filing a refund claim?

No official minimum. Practically, investors often file when the refundable amount exceeds about CHF 100–200, as obtaining residency certificates and completing forms may outweigh smaller refunds.

What happens if I don't declare dividends (for residents)?

You forfeit the right to reclaim the 35% withholding; it becomes final tax. Non-declaration can trigger penalties for negligence or evasion, with potential audits and fines.

Can a company (legal entity) reclaim withholding tax?

Yes. Foreign companies can reclaim under DTTs with proof of corporate tax residency and beneficial ownership. Reduced rates (often 5% or 0%) may apply for holdings ≥10% and required holding periods.

What documentation do I need to prove beneficial ownership?

Individuals: tax residency certificate and proof of dividend payment. Corporates: add structure charts, shareholder registers, and a non-conduit declaration. If held via a nominee, obtain a custodian letter confirming beneficial ownership.

17.12.2025

Dividend tax in Switzerland: rates and refund

Switzerland withholds 35% tax on dividends (Verrechnungssteuer) at source, but most of this amount can be reclaimed by foreign investors through Double Taxation Treaties (DTT). This guide explains how the system works and how to recover your money.

Taxes in Switzerland

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