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Swiss Bank Account and Tax?

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  • Swiss Bank Account and Tax?


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Answer #1 | 09/06 2013 03:15
There are no taxes for non resident foreign nationals, maintaining a bank account in Switzerland, except if you own a Swiss Franc (CHF) account, the 35% swiss withhold tax apply on the interest accrued in the account and this amount is automatically debited by the bank yearly. To avoid this tax, you can denominate your account in a foreign currency such as EUR or USD. http://www.swissprivacy.com/swiss-banking/
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