Swiss taxes

Chapter 1 — Swiss stamp duty

This tax was introduced during the First World War — and has nothing to do with the Post Office in case you wonder ;) — to tax securities trading (shares, bonds, etc.) between persons.

There are three important rules to know about Swiss stamp duty:

  1. It amounts to 0.075% of the transaction amount for Swiss securities; example: if you buy for CHF 8'000 from Roche, you have to pay 8'000 x 0.075 / 100 = CHF 6 of stamp duty
  2. It amounts to 0.15% of your transaction amount for non-Swiss securities; example: if you buy for CHF 8'000 of Tesla, you have to pay 8'000 x 0.15 / 100 = CHF 12
  3. And the most important rule that will allow us to optimize our tax situation: this stamp duty is only applicable for Swiss brokers (like CornèrTrader or Swissquote), but not for foreign brokers

This is what I visualized in 2013 when I was told about 'stamp duty'...

Concretely, in the cases 1 and 2, it is your Swiss broker who will charge you this stamp duty each time you make a transaction. This "invoicing" is simply done via your broker who withdraws this amount from the available cash on your brokerage account.

Personally, I use point 3 to optimize my taxation. Indeed, I use Interactive Brokers, a broker based in the United States, and therefore never pay this stamp duty. The same goes for the Dutch-based brokerage account DEGIRO that I use to invest the savings of our MP children.

Let's now turn to the subject of capital gains tax in Switzerland.


Join 4'782 subscribers who get new posts for free, right to their inbox!
(no spam, unsubscribe anytime in one click)


To not miss any opportunity to grow your wealth, I recommend you to start from the first blogpost, and to read up until today using the navigation links at the bottom of each article.

You can also browse the complete list of blogposts and click on the ones that pique your interest.