The 60-second version
Swiss brokerage wind-down needs Swissquote / UBS / Saxo CH liquidation, Verrechnungssteuer statements, broker closure letter, and CHF remittance to NRE.
Swiss withholding tax statements are mandatory for Form 67
Switzerland applies 35% Verrechnungssteuer on Swiss dividends — reclaim via DTAA if India also taxes same income in overlap year.
Swissquote / UBS / Saxo CH closes after zero balance and non-resident tax status update with W-8BEN equivalent.
Retain Jahresabrechnung and broker annual statement for Schedule FA and capital gains on sale year in India.
DACH stack: Swiss bank close guide.
Swiss account wind-down
| Account | CH tax | India reporting |
|---|---|---|
| Swiss equities | CG exempt for private investors | Schedule FA + CG in India |
| CH dividend stocks | 35% Verrechnungssteuer | DTAA reclaim + Schedule FA |
| US stocks via CH broker | CH + possible US Form | Schedule FA both sides |
| CH ETFs | Dividend withholding | CG in India on sale year |
| CHF cash | No CG | Wire to NRE |
Swiss brokerage close sequence
Residency update
Notify broker of India address + non-resident CH status.
Sell holdings
Liquidate portfolio to CHF cash.
Tax statement
Jahresabrechnung / withholding tax certificate.
Wire CHF
To NRE; retain SWIFT + FEMA trail.
Close account
Written request; keep closure PDF.
Wind-down flow
Swiss broker export kit
- Jahresabrechnung.
- Contract notes.
- Closure email.
- SWIFT receipt.
- Wealth tax exit letter if applicable.
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Broker entity
Swissquote CH vs EU entity matters for tax certs — keep entity letter at closure.
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0 of 4 checked
Keep Swiss broker as India resident?
Possible but Schedule FA every year — most close.
Form 67 for CH tax?
Yes if same income taxed in India same FY.
Wealth tax after leaving?
Departure-year CH filing may still apply to Jan–Dec portion.
US ETFs in Swissquote?
PFIC risk for US persons — separate from CH exit.
US person FBAR?
Swiss accounts count toward USD 10k aggregate.
Saxo vs Swissquote?
Same wind-down pattern — entity-specific tax certs.
Your tax year is already running.
RNOR status, exit timing, and DTAA benefits all depend on decisions you make before you land. Don't guess.