I liquidated my entire pillar 2 before leaving Switzerland. How do I report this on my Swiss (VD) tax return for 2014? Pillar 2 seems to be covered as code 250 but I'm not sure if a distribution of the entire account is handled differently from ordinary distributions.
Global Forums > General > Canton VD tax return: How to report a 2eme pilier "cash out?"
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Canton VD tax return: How to report a 2eme pilier "cash out?"
Aug 4, 2015 @ 00:11
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I liquidated my entire pillar 2 before leaving Switzerland. How do I report this on my Swiss (VD) tax return for 2014? Pillar 2 seems to be covered as code 250 but I'm not sure if a distribution of the entire account is handled differently from ordinary distributions.
richardmAug 4, 2015 @ 00:11
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Re: Canton VD tax return: How to report a 2eme pilier "cash out?"
Post 1
Aug 4, 2015 @ 02:20
normally upon drawing out the 2nd pillar amount, you are supposed to receive soon afterwards, a bill from the tax office for roughly 10% of the total amount received. this is a one time payment.
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normally upon drawing out the 2nd pillar amount, you are supposed to receive soon afterwards, a bill from the tax office for roughly 10% of the total amount received. this is a one time payment.
epicure, Aug 4, 2015 @ 02:20
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Re: Canton VD tax return: How to report a 2eme pilier "cash out?"
Post 2
Aug 4, 2015 @ 08:23
They did withold about 6% from the distribution..
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Re: Canton VD tax return: How to report a 2eme pilier "cash out?"
Post 3
Aug 4, 2015 @ 09:12
ok well that's it. the only amount you need to declare for swiss tax in your case, is the amount you have in your swiss bank account, which is under the "fortune" section. (and of course your earnings from salary the previous year.)
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ok well that's it. the only amount you need to declare for swiss tax in your case, is the amount you have in your swiss bank account, which is under the "fortune" section. (and of course your earnings from salary the previous year.)
epicure, Aug 4, 2015 @ 09:12
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Re: Canton VD tax return: How to report a 2eme pilier "cash out?"
Post 4
Aug 4, 2015 @ 14:22
Hi,
I confirm that you don't need to declare the amount received from your 2nd pillar as a revenue. It is a different taxation.
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Hi,
I confirm that you don't need to declare the amount received from your 2nd pillar as a revenue. It is a different taxation.
Giliane M, Aug 4, 2015 @ 14:22
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Re: Canton VD tax return: How to report a 2eme pilier "cash out?"
Post 5
Aug 4, 2015 @ 18:11
Excellent... I have another question... What "fortune" is declared, the amount on the exact day of "depart definitif?" The highest amount prior to the departure (high watermark)?
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Excellent... I have another question... What "fortune" is declared, the amount on the exact day of "depart definitif?" The highest amount prior to the departure (high watermark)?
richardm, Aug 4, 2015 @ 18:11
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Re: Canton VD tax return: How to report a 2eme pilier "cash out?"
Post 6
Aug 4, 2015 @ 19:46
the amount in your account on the last day of the tax year. or most likely in your case, the amount on the day of your departure.
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the amount in your account on the last day of the tax year. or most likely in your case, the amount on the day of your departure.
epicure, Aug 4, 2015 @ 19:46
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Re: Canton VD tax return: How to report a 2eme pilier "cash out?"
Post 7
Aug 6, 2015 @ 07:22
I just went through the Vaudtax2014 process... If I enter a bank account closure date within 2014 then it won't allow me to specify a balance. The printed form specifies 31.12.2014. I'm about to submit a return full of zeroes.. Zero income, zero witholding, zero fortune. But they can't say that I didn't file.
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I just went through the Vaudtax2014 process... If I enter a bank account closure date within 2014 then it won't allow me to specify a balance. The printed form specifies 31.12.2014. I'm about to submit a return full of zeroes.. Zero income, zero witholding, zero fortune. But they can't say that I didn't file.
richardm, Aug 6, 2015 @ 07:22
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Re: Canton VD tax return: How to report a 2eme pilier "cash out?"
Post 8
Aug 7, 2015 @ 16:00
You have to enter a bank account closure date only if you cancelled it before your departure. everytime it's mentioned 31.12.2014 it means, in your case, "date of departure" :)
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You have to enter a bank account closure date only if you cancelled it before your departure. everytime it's mentioned 31.12.2014 it means, in your case, "date of departure" :)
Giliane M, Aug 7, 2015 @ 16:00
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