Do I have to declare incidental income ?
In Switzerland, you are generally required to declare all income earned, including incidental income, on your tax return. Incidental income refers to income that is earned outside of your main source of income, such as income earned from a side job or a hobby.
The Swiss tax system operates on a self-assessment basis, which means that it is your responsibility to accurately report all of your income to the tax authorities. Failure to declare incidental income could result in penalties and interest charges.
However, there are some exceptions to the rule. For example, if your total income from all sources is below a certain threshold, you may not be required to file a tax return. The specific threshold depends on various factors, such as your residency status and your personal circumstances.
It’s best to consult with a tax professional or the Swiss tax authorities to determine your specific tax obligations regarding incidental income.
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