UBS Swiss Financial Advisers

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Taxes? No problem
A few simple steps for easy tax filing

Good to know – Important tax information

Disclosure of non-US bank and financial accounts
The US government requires you to disclose certain details
about your accounts with non-US financial institutions. Upon
engaging UBS Swiss Financial Advisers (UBS-SFA), therefore,
you must disclose the account on IRS Form 8938 if the
account holds assets valued at more than USD 50,000. You
should attach and submit this form together with your annual
US tax return. As filing thresholds may be different in some
situations, please consult the form’s instructions.

You are also required to submit a similar form to the US

Department of the Treasury. This form – Foreign Bank Account
Report FinCEN Form 114 (commonly referred to as the
“FBAR”) – has lower filing thresholds and must be filed
directly with the Department of the Treasury. It shares the
same deadline as your individual income tax return.

Instructions and information about both forms can be found

on the IRS website www.irs.gov

Tax reporting – the timeline Tax reclaim service

• All clients will be sent a final consolidated IRS Form 1099
by February 15. This report will include a Detailed Tax
Statement for clients that have ordered the supplemental
report.
• S ome clients may also receive updated tax information in
early March to reflect additional data UBS-SFA receives
regarding US fund distributions.
• U
 BS-SFA will transmit the information found on the final
IRS Form 1099 to the Internal Revenue Service in April.
When you invest in foreign equities or fixed income products,
some countries withhold a tax on dividend and interest
payments. UBS-SFA can support you in the tax reclaim process
to recover the amount of withholding tax that is above the
relevant rate in the tax treaty between the USA and the relevant
country. Please contact your dedicated Wealth Management
Consultant if you wish to benefit from this service.
You can learn more about the tax reclaim service on the next
page.
An introduction to UBS-SFA’s tax reclaim service
UBS-SFA can help reclaim taxes deducted at source on interest Example
and dividends. We work together with tax reclaim experts with Gross Dividend 100
the aim of making this process as smooth and efficient as Net Dividend Paid Out 75% of gross dividend 75
possible.
Withholding Tax Deducted 25% of gross dividend 25

What is Tax Reclaim? Maximum tax rate under DTA 1

15% of gross dividend 15
Dividend and interest income from foreign companies is often Reclaimable withholding tax 10% of gross dividend 10
subject to withholding tax, which is deducted directly at the
Total reclaim 10
time the income is paid out. Such tax can usually be reclaimed
in whole or in part if there is a double taxation agreement Total eligible for offset (not reclaimable) 15
or other provisions applying between your country of residence
and the country of investment. The difference between the
Gross Dividend 100
withholding tax rate applied and the tax treaty rate can be
reclaimed from local tax authorities. Further, the amount which Shareholder 75 Pay out Foreign
Corporation
is not reclaimable may be eligible for offset at your country’s Net dividend
tax authority, i.e. the IRS. Power of
10
Tax 25 With-
Attorney ref holding
un
form d tax
How does it work?
UBS-SFA works together with external tax reclaim specialists to
UBS-SFA Foreign Tax
prepare and file forms with the relevant tax authorities on a
Declaration form Authority
rolling basis throughout the year.
1
DTA = Double Tax Agreement
To sign up for the service, contact your Wealth Management
Consultant to receive the appropriate forms.

Fees and Additional Information

The standard fee is CHF 500 per country per tax year. In some
cases additional fees may apply. Reclaims are only processed
when they will produce at least CHF 100 of net payment, i.e.
after fees are deducted. This ensures that each reclaim
application makes economic sense.

Contact us

UBS Swiss Financial Advisers AG

Loewenstrasse 49
8001 Zurich
Switzerland

Tel. +41-44-217 31 00 (Switzerland)

Tel. +1-855-853 4288 (USA, toll free)

sfa@ubs.com
ubs.com/ubs-sfa

Disclosure. UBS Swiss Financial Advisers AG (UBS-SFA) is a registered investment adviser with the Securities and Exchange Commission (SEC) in the United States (US) and has
a license in Switzerland from the Swiss Financial Market Supervisory Authority (FINMA) as a Wertpapierhaus (which roughly translates in English to “Securities Firm”). It is
important that you understand the ways in which we conduct business and the applicable laws and regulations that govern us. For more details regarding our investment
advisory program(s), including fees, services, features, and client suitability, please refer to our Wrap Fee Program Brochure (Form ADV Part 2A) (Brochure) which can be
obtained from one of our Wealth Management Consultants or accessed at ubs.com/ubs-sfa. Although we are licensed to provide investment advisory services in the US as an
SEC registered investment adviser, we are not licensed to provide securities broker-dealer services, banking services or CFTC-regulated derivatives services in the US. 
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