In practice, it ought to be observed that taxable individuals
are repeatedly confronted with the same difficulties when it comes
to the correct completion of the Securities Directory
(Wertschriftenverzeichnisses, SD). Four problem areas can thereby
be identified which raise the most questions in practice.
Withholding tax (WHT) on the earnings of the movable capital
assets (in particular on interest and dividends) as well as on
Swiss lottery winnings can only be refunded to the taxpayers
resident in Switzerland if the earnings have been declared
correctly. The declaration is carried out in the SD in the column
for values with the WHT deduction. It is essential that the gross
income (amount before deduction of WHT) is always declared in the
appropriate column. Otherwise, the WHT credit is calculated
incorrectly. On the other hand, the dividend payments of reserves
from capital contributions are not to be declared as income. These
are tax-free for the recipient.
