stupid, stupid question. Does withholding tax is the same as income tax ?Exactly. As someone with 8 figure wealth I would not even bother with Switzerland. The 35% dividend is outrageous. It can be reduced under treaty to as low as 10% for an individual but why bother with Swiss bureaucracy.
https://incometax.ch/
Around 2,000 CHF. A 5,000 CHF salary is quite common in Switzerland and most people can live on this comfortably if you don't get sick as like ambulance is 800chf and Rega air ambulance like 3,000chf. In Switzerland the unknowns are very high and Krankenkasse (Health insurance) does not cover everything sadly.
stupid, stupid question. Does withholding tax is the same as income tax ?
I mean, I get 8700 CHF every months (assume I relocate there) so what this calculater shows is what I get legally out every months after I have paid all taxes right?
I recently met a guy from Liechtenstein who told me of what is probably the best loophole with Switzerland:
If you live in Switzerland, but you register your company in Liechtenstein and you have an office in Liechtenstein (could even be in a co-working space) and there is no permanent establishment in Switzerland (=you don't work from Switzerland), then you only pay 12.5% corporate income tax in Liechtenstein and no tax on the dividends the company pays you.