Here you will find the right answers
The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.
Show categories
I recently won a relatively small sum (a 5-figure number) through a lottery in my home country. Do I have to declare the money as income. If so, how much must I pay in tax?
Hi there,
Lottery winnings paid out to residents of Switzerland are taxable as income in Switzerland, regardless of whether they originate in Switzerland or abroad. For federal tax purposes, only winnings above 1000 Swiss francs must be declared as taxable income. A tax deduction equal to 5% of taxable winning applies (to account for your investment in lottery tickets), up to a maximum deduction of 5000 francs.
In all cantons, lottery winnings are counted as taxable income. Cantonal income taxes vary between cantons, as do cantonal tax brackets and tax deductions. For this reason, getting advise from a qualified tax advisor as soon as you discover that you have won a lottery is recommended.
Best regards from Moneyguru
More on this topic:
Using Credit Cards for Casino, Lottery and Betting Payments
Cheap bank accounts with card
Cheap bank accounts with card
Bank WIR Bankpaket Top
Free account & card
No exchange fees for foreign payments (interbank exchange rates)
24 ATM withdrawals worldwide per year free of charge
Radicant
High interest on your everyday account
Best exchange rates
Up to 1% of card spending as saveback in the investment portfolio
Yuh
No account fees
Banking partner: Swissquote & Postfinance
CHF 20 trading credit with code «YUHMONEYLAND»
Alpian
CHF 100 welcome bonus
Favorable foreign exchange rates
Multi-currency account with Visa card (CHF, EUR, USD, GBP)
UBS key4
50 KeyClub points as a welcome gift
Online private account with debit card
Deal of the Day 
Swiss Bank
Bank WIR Bankpaket Top
Free account & card
