Filling in a DA-1 form will avoid double taxation, so it is often recommended.
It is possible that your dividend payout is subject to two different taxations: in the country where the company is active and in Switzerland. This is the case for American stocks, where dividend payouts are already taxed at the source in the USA. In order to avoid them being subject to Swiss tax as well, you can fill out a DA-1 form. This way, the Swiss tax authorities will deduct the taxes you would have otherwise owed them.
It is important to note that the Swiss tax authorities only consider a DA-1 request when the amount is higher than CHF 100. However, we recommend you to declare them in any case, since these can be accumulated with other tax statements, potentially bringing you over the CHF 100 minimum amount.
You can find the DA-1 relevant values in your Yova tax report on the second line of the second page. In order to fill in the DA-1 form, enter the following values into your “DA-1 securities list” under the category “Deposit/Tax directory”.
- Tax Value of DA-1 and USA values
- Gross income 2020 DA-1 and USA values
- Total recognition of foreign withholding tax
- Withholding tax USA
A complete step by step guide showing you how to declare your Yova portfolio is available here.