Disclaimer: At Albatross, we simplify Swiss taxes—no jargon, no stress. But keep in mind, tax rules can vary based on individual circumstances. Reach out to us for tailored advice.
This article applies to residents of Canton Vaud.
Tax Season is Here—What You Need to Know
Tax season has officially begun. To make the process smoother, we’re breaking down the essential steps for filing your 2024 return. Staying prepared now will help you avoid unnecessary stress later.
Good News: A Tax Cut for Vaud
The Grand Conseil Vaudois has announced a reduction in the cantonal tax rate, which already applies for 2024. Even better, this trend is expected to continue in the coming years.
Key Deadlines
- Standard filing deadline: 15 March 2024
- Automatic grace period: Until 30 June 2024 (no need to request an extension)
- Need more time? You can request an extension, free of charge, before 30 June. The final deadline is 30 September.
Albatross Tip: If you don’t request an extension by 30 June, you could face a CHF 50 fee or even fines. It’s a simple step that can save you trouble later.
When Do You Need to Pay?
Once you submit your return, the tax office will process it within 2 to 12 months. If you owe taxes, you’ll have 30 days to settle the balance after receiving the final tax assessment.
Albatross Tip: If you expect to owe taxes, paying at the time of filing can help you avoid interest charges—especially with the rate increasing to nearly 4.5% from 1 January 2025.
What’s New for 2024?
- Childcare deduction increase:
- Canton Vaud: CHF 13,000 → 15,000
- Federal: CHF 25,500 → 25,800
- Higher travel expense deduction: CHF 3,200 → 3,300
- New rules for estimating unlisted shares (RETIF) for SME shareholders
…and more. Since tax laws evolve every year, it’s important to stay informed.
Are You Required to File?
Not everyone is automatically required to file a tax return—but it’s important to check. If your taxable wealth exceeds CHF 112,000 (for married individuals) or CHF 56,000 (for singles), you may be obligated to file, even if you don’t work in Switzerland.
Albatross Tip: This often applies to newly arrived residents living off investments. If this sounds like you, make sure you understand your obligations. For more details, check out our article.
Filing taxes in Switzerland doesn’t have to be complicated. With a little preparation, you can avoid penalties, reduce your tax bill, and make the process as smooth as possible. If you need support, Albatross is here to help.
