October 2020
In Switzerland, withholding tax is a tax levied by the federal government in addition to withholding tax on the income from movable capital assets (in particular on interest and dividends), on Swiss lottery winnings and on certain insurance benefits. It is a form of income tax.
For investors in Q-Base Capital Group AG, therefore, the part relating to interest is particularly interesting and important. Initially, for a certain period of time, withholding tax was levied on interest distributions of CHF 50 or more. However, this was adjusted.
Now a tax exemption limit of up to CHF 200 applies for all cantons. This means that interest distributions of up to CHF 200, which take place once per calendar year, will not be subject to withholding tax.
We conclude from this that the investors of Q-Base Capital Group AG can make an investment contribution of up to exactly CHF 4,705 WITHOUT a withholding tax deduction of 35%.
The investors will thus receive the full 100% of the interest of 4.25% p.a. directly paid out.
Investments made in excess of CHF 4,705 will receive a 35% withholding tax deduction. This deduction is of course refunded by simply declaring the assets and the investment income earned on them in the tax return. The amount is then repaid.
In conclusion, it can therefore be said that this is a very interesting opportunity for investors. The capital can be invested easily and conveniently at a fixed interest rate without any withholding tax being deducted.
The result is a simple payment of the full interest without the need to make a declaration in the tax return or take any action yourself.
Just invest and earn!