{"id":9579,"date":"2026-03-12T14:36:32","date_gmt":"2026-03-12T13:36:32","guid":{"rendered":"https:\/\/schweizerfinanzblog.ch\/etf-taxes-switzerland-optimize-your-portfolio-with-these-5-tax-saving-tips\/"},"modified":"2026-03-12T15:57:55","modified_gmt":"2026-03-12T14:57:55","slug":"etf-taxes-switzerland-with-5-tax-saving-tips","status":"publish","type":"post","link":"https:\/\/schweizerfinanzblog.ch\/en\/etf-taxes-switzerland-with-5-tax-saving-tips\/","title":{"rendered":"ETF taxes Switzerland: Optimize your portfolio with these 5 tax-saving tips"},"content":{"rendered":"\n<p><strong>We are all too happy to ignore it, but at the beginning of every year it catches up with us mercilessly: the Swiss tax return. In this detailed ETF tax Switzerland report, we want to shed light on all relevant tax aspects in connection with ETFs. We also present five useful tax-saving tips that you can use to optimize the taxation of your ETF portfolio &#8211; legally, of course.  <\/strong> <\/p>\n\n<link rel=\"stylesheet\" href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/themes\/schweizerfinanzblog\/components\/post-info-component\/post-info-component.css\">\n<div class=\"post-info-component\">\n\t\t<div class=\"von-and-comments\">\n\t\t\t\t\t<a target=\"_blank\" href=\"https:\/\/schweizerfinanzblog.ch\/ueber-uns\/\">Stefan &#038; Toni<\/a>\n\t\t\t\t <span>| <a href=\"#comments\">45 Comments<\/a><\/span> \t\t\n\t<\/div>\n\t<div class=\"post-dates\">\n\t\tupdated on 12.3.2026\t<\/div>\n<\/div>\n<link rel=\"stylesheet\" href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/themes\/schweizerfinanzblog\/components\/kurz-bundig-component\/kurz-bundig-component.css?v=2\">\n\n<div  id=\"yAZrHCz\" class=\"kurz-bunding mb-3\" style='background-color:#f9f9fa'>\n\t<div class=\"d-flex kurz-bunding-title\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"kurz-bunding-icon\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2023\/01\/lifghtbulb2.png\">\n\t\t<\/div>\n\t\t<p class=''>\n\t\t\tShort &amp; sweet\t\t<\/p>\n\t<\/div>\n\n\t<div class=\"kurz-bunding-content\">\n\t\t<ul>\n<li>ETF taxes Switzerland: As tedious as the topic is, a lot of money can be saved on the tax front.<\/li>\n<li>ETF investors should consider the following <strong>five tax-saving tips<\/strong> in particular:\n<ul>\n<li><strong>ETF taxes Switzerland savings tip #1:<\/strong> Save on income tax by foregoing a <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/dividend-strategy-is-not-worth-it-3-major-disadvantages-for-swiss-investors\/\" target=\"_blank\" rel=\"noopener\">dividend strategy<\/a><\/li>\n<li><strong>ETF taxes Switzerland savings tip #2:<\/strong> Avoid stamp duty by choosing a foreign broker such as <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/interactive-brokers-switzerland-experience\/\" target=\"_blank\" rel=\"noopener\">Interactive Brokers<\/a> or <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/degiro-erfahrungen-schweiz\/degiro-review-etf-sparplan-schweiz\/\" target=\"_blank\" rel=\"noopener\">DEGIRO<\/a><\/li>\n<li><strong>ETF Taxes Switzerland Savings tip #3:<\/strong> Withholding tax refund for Swiss shares by choosing an ETF domiciled in Switzerland<\/li>\n<li><strong>ETF taxes Switzerland savings tip #4:<\/strong> Choose a tax-friendly fund location without withholding tax or with a reclaim option<\/li>\n<li><strong>ETF taxes Switzerland savings tip #5:<\/strong> Deduct the (higher) lump sum instead of the (lower) effective securities costs<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\t<\/div>\n\t\t\t\n\t<\/div>\n\n<style>\n\t#yAZrHCz .kurz-bunding-content li::marker{\n\t\tcolor: #37c392;\n\t}\n\t#yAZrHCz .kurz-bunding-call-to-action a{\n\t\tbackground-color: #1bab78;\n\t\tcolor: #FFFFFF;\n\t}\n\n<\/style>\n<div id=\"toc_container\" class=\"no_bullets\"><p class=\"toc_title\">Contents<\/p><ul class=\"toc_list\"><li><a href=\"#ETF_taxes_Switzerland_Overview\">ETF taxes Switzerland: Overview<\/a><\/li><li><a href=\"#Tax_jurisdictions_tax_objects_and_tax_types_in_connection_with_ETFs\">Tax jurisdictions, tax objects and tax types in connection with ETFs<\/a><ul><li><a href=\"#Waiver_of_capital_gains_tax\">Waiver of capital gains tax<\/a><\/li><li><a href=\"#Swiss_tax_system_characterized_by_8220cantonalism8221\">Swiss tax system characterized by &#8220;cantonalism&#8221;<\/a><\/li><\/ul><\/li><li><a href=\"#ETF_taxes_Switzerland_Detailed_analysis_of_the_relevant_tax_types\">ETF taxes Switzerland: Detailed analysis of the relevant tax types<\/a><ul><li><a href=\"#Income_tax\">Income tax<\/a><ul><li><a href=\"#Marginal_tax_rate_determines_tax_burden\">Marginal tax rate determines tax burden  <\/a><\/li><li><a href=\"#Tax-free_exception\">Tax-free exception<\/a><\/li><\/ul><\/li><li><a href=\"#Property_tax\">Property tax<\/a><\/li><li><a href=\"#Stamp_duty\">Stamp duty<\/a><\/li><li><a href=\"#Withholding_tax\">Withholding tax<\/a><ul><li><a href=\"#Tax_domicile_of_the_fund_influences_your_return\">Tax domicile of the fund influences your return<\/a><\/li><\/ul><\/li><\/ul><\/li><li><a href=\"#Tax_effects_Considerable_influence_of_ETF_domicile_on_performance\">Tax effects: Considerable influence of ETF domicile on performance<\/a><ul><li><a href=\"#Foreign_withholding_tax\">Foreign withholding tax<\/a><ul><li><a href=\"#Relationship_1_Withholding_tax_between_company_and_fund\">Relationship 1: Withholding tax between company and fund<\/a><\/li><li><a href=\"#Relationship_2_Withholding_tax_between_fund_and_investor\">Relationship 2: Withholding tax between fund and investor<\/a><\/li><\/ul><\/li><li><a href=\"#Costs_for_the_management_of_movable_private_assets\">Costs for the management of movable private assets<\/a><\/li><\/ul><\/li><li><a href=\"#Conclusion_on_ETF_taxes_Switzerland\">Conclusion on ETF taxes Switzerland<\/a><\/li><li><a href=\"#This_might_also_interest_you\">This might also interest you<\/a><\/li><li><a href=\"#Updates\">Updates<\/a><\/li><li><a href=\"#Disclaimer\">Disclaimer<\/a><\/li><\/ul><\/div>\n<h2 class=\"wp-block-heading\"><span id=\"ETF_taxes_Switzerland_Overview\">ETF taxes Switzerland: Overview<\/span><\/h2>\n\n<p>As a person subject to tax in Switzerland, the following types of tax are applicable to your <strong>ETF portfolio<\/strong>:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>Income tax  <\/li>\n\n\n\n<li>Property tax  <\/li>\n\n\n\n<li>Stamp duty  <\/li>\n\n\n\n<li>Withholding tax  <\/li>\n\n\n\n<li>Foreign withholding tax  <\/li>\n<\/ul>\n\n<p>The following overview shows for three tax objects relevant in connection with ETF investments which type of tax is affected and which authority (tax jurisdiction) levies the tax.<\/p>\n<h2 id=\"tablepress-20-name\" class=\"tablepress-table-name tablepress-table-name-id-20\"><span id=\"Tax_jurisdictions_tax_objects_and_tax_types_in_connection_with_ETFs\">Tax jurisdictions, tax objects and tax types in connection with ETFs<\/span><\/h2>\n\n<table id=\"tablepress-20\" class=\"tablepress tablepress-id-20\" aria-labelledby=\"tablepress-20-name\" aria-describedby=\"tablepress-20-description\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Tax types \/<br \/>\nTax objects<br \/>\n <\/th><th class=\"column-2\">Income tax<\/th><th class=\"column-3\">Property tax<\/th><th class=\"column-4\">Stamp duty<\/th><th class=\"column-5\">Withholding tax<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">ETF dividends<\/td><td class=\"column-2\">Confederation\/canton\/ municipality<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">Confederation<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">ETF assets<\/td><td class=\"column-2\"><\/td><td class=\"column-3\">Canton\/municipality<\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">ETF trading<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\">Confederation<\/td><td class=\"column-5\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<span id=\"tablepress-20-description\" class=\"tablepress-table-description tablepress-table-description-id-20\">Depending on the tax object, different types of tax are levied by the municipal, cantonal and\/or federal tax authorities (source: own research).<\/span>\n<!-- #tablepress-20 from cache -->\n\n<h3 class=\"wp-block-heading\"><span id=\"Waiver_of_capital_gains_tax\">Waiver of capital gains tax<\/span><\/h3>\n\n<p>Unlike most other countries, Switzerland does not levy capital gains tax on capital gains. In return, however, capital losses are not deductible from taxable income. <\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Swiss_tax_system_characterized_by_8220cantonalism8221\">Swiss tax system characterized by &#8220;cantonalism&#8221;<\/span><\/h3>\n\n<p>Even if the table above suggests a clear and uniform ETF taxation regime, the actual tax burden varies greatly from person to person, even if income and assets are at a comparable level.<\/p>\n\n<p>The main reason for this is that <strong>all 26 Swiss cantons <\/strong>apply <strong>their own tax laws <\/strong>. The level of deductions and tax rates varies from one canton to another, and consequently so does the tax burden. <\/p>\n\n<p>In the following chapters, we take a closer look at the types of tax relevant to ETF taxation: income tax, wealth tax, stamp duty, withholding tax and foreign withholding tax.<\/p>\n\n<h2 class=\"wp-block-heading\"><span id=\"ETF_taxes_Switzerland_Detailed_analysis_of_the_relevant_tax_types\">ETF taxes Switzerland: Detailed analysis of the relevant tax types<\/span><\/h2>\n\n<h3 class=\"wp-block-heading\"><span id=\"Income_tax\">Income tax<\/span><\/h3>\n\n<p>ETF income in the form of dividends (shares) and interest (bonds) is subject to income tax. From a tax perspective, it does not matter whether dividends are distributed or reinvested (accumulating ETF). Income tax is levied by the federal government, canton and municipality.  <\/p>\n\n<p>As a <strong>progressive tax rate<\/strong> is applied to income tax, the tax increases disproportionately as income rises. (Two exceptions: The cantons of Obwalden and Uri have a so-called <strong>flat-rate tax<\/strong>, whereby income is taxed at the same percentage rate).  <\/p>\n\n<h4 class=\"wp-block-heading\"><span id=\"Marginal_tax_rate_determines_tax_burden\">Marginal tax rate determines tax burden  <\/span><\/h4>\n\n<p>The extent to which income tax is charged on dividends depends on the <strong>marginal tax rate<\/strong>. It expresses the extent to which an additional franc of income is taxed.  If the marginal tax rate is 20%, for example, CHF 200 of CHF 1,000 in dividends will go to the tax authorities, leaving you with a net amount of CHF 800. <\/p>\n\n<p>You can easily find out how high your marginal tax rate is using the tax calculator in your canton of residence by increasing your previous taxable income by CHF 1,000, for example, and then comparing the calculated tax burden with the lower initial amount. With an additional tax burden of CHF 200, your marginal tax rate is therefore 20%.   <\/p>\n\n<p>Basically, the higher your marginal tax rate, the fewer net dividends you will have left or the less worthwhile it is (also) for tax reasons to rely on an investment strategy that focuses on so-called dividend pearls.  <\/p>\n\n<p><strong><strong>ETF taxes Switzerland savings tip<\/strong> #1:<\/strong> Save on income tax by foregoing a <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/dividend-strategy-is-not-worth-it-3-major-disadvantages-for-swiss-investors\/\" target=\"_blank\" rel=\"noopener\">dividend strategy<\/a><\/p>\n\n<p>As we will see later in ETF Tax Switzerland Savings Tip #5, you can also reduce your income tax by claiming the maximum permissible securities deductions in your tax return.  <\/p>\n\n<h4 class=\"wp-block-heading\"><span id=\"Tax-free_exception\">Tax-free exception<\/span><\/h4>\n\n<p>If a Swiss company has <strong>capital contribution reserves<\/strong> (KER) in an ETF and distributes from this pot, this amount does not have to be taxed as income. This type of distribution is sometimes somewhat misleadingly referred to as &#8220;capital gains&#8221; in bank documents. <\/p>\n<div class=\"wp-block-image size-full wp-image-3171\">\n<figure class=\"alignleft\"><img decoding=\"async\" width=\"1652\" height=\"914\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_Kapitalgewinn.png\" alt=\"ETF taxes Switzerland\" class=\"wp-image-3171\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_Kapitalgewinn.png 1652w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_Kapitalgewinn-768x425.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_Kapitalgewinn-1536x850.png 1536w\" sizes=\"(max-width: 1652px) 100vw, 1652px\" \/><figcaption class=\"wp-element-caption\">Profits from capital contribution reserves (KER) are exempt from income tax (credit note from PostFinance).<\/figcaption><\/figure>\n<\/div>\n<h3 class=\"wp-block-heading\"><span id=\"Property_tax\">Property tax<\/span><\/h3>\n\n<p>Switzerland is one of the few countries that has a wealth tax for private individuals. Assets invested in ETFs are therefore subject to wealth tax. It is only levied at cantonal and municipal level &#8211; but not at federal level.  <\/p>\n\n<p>As with income tax, a <strong>progressive tax rate<\/strong> is also applied to wealth tax, although it is significantly lower. Depending on the canton, different allowances can be deducted from net assets. In the canton of Zurich, for example, only net assets of CHF 159,000 for married couples and CHF 80,000 for single persons will be taxed for the 2025 tax period.  <\/p>\n\n<p>In comparison to income tax, wealth tax is hardly significant for most taxpayers in Switzerland.  <\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Stamp_duty\">Stamp duty<\/span><\/h3>\n\n<p>Stamp duty is a transaction tax (sales tax). The federal government levies it on the purchase or sale of a security, for example when trading ETFs. It amounts to <strong>0.75 per mille<\/strong> for funds domiciled in Switzerland (recognizable by the domestic ISIN &#8220;CH&#8230;&#8221;) and double or <strong>1.5 per mille<\/strong> for funds domiciled abroad (recognizable by the foreign ISIN, e.g. &#8220;IE&#8230;&#8221; for Ireland).  <\/p>\n\n<p>The Swiss stamp duty is therefore hardly significant for small and medium transaction amounts. It is collected directly, which saves you having to make a special declaration in your tax return. <\/p>\n<div class=\"wp-block-image size-full wp-image-3172\">\n<figure class=\"alignleft\"><img decoding=\"async\" width=\"1666\" height=\"840\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_Stempelsteuer.png\" alt=\"ETF taxes Switzerland\" class=\"wp-image-3172\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_Stempelsteuer.png 1666w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_Stempelsteuer-768x387.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_Stempelsteuer-1536x774.png 1536w\" sizes=\"(max-width: 1666px) 100vw, 1666px\" \/><figcaption class=\"wp-element-caption\">The federal stamp duty is levied on the purchase and sale of securities, provided that the company is a domestic financial company (ETF purchase receipt from PostFinance). <\/figcaption><\/figure>\n<\/div>\n<p><strong>Unequal playing field: <\/strong>While domestic financial service providers are required by law to charge you federal stamp duty and pass it on directly to the tax authorities, foreign brokers such as <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/interactive-brokers-switzerland-experience\/\" data-type=\"post\" data-id=\"3234\" target=\"_blank\" rel=\"noreferrer noopener\">Interactive Brokers<\/a> or <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/degiro-experience-switzerland\/\" data-type=\"post\" data-id=\"2121\" target=\"_blank\" rel=\"noreferrer noopener\">DEGIRO<\/a> do not have to pay this tax. <\/p>\n<div class=\"wp-block-image size-full wp-image-3173\">\n<figure class=\"alignleft\"><img decoding=\"async\" width=\"1244\" height=\"1790\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/03\/DEGIRO_Transaktionsbeleg_10.03.2026.png\" alt=\"\" class=\"wp-image-16051\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/03\/DEGIRO_Transaktionsbeleg_10.03.2026.png 1244w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/03\/DEGIRO_Transaktionsbeleg_10.03.2026-768x1105.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/03\/DEGIRO_Transaktionsbeleg_10.03.2026-1067x1536.png 1067w\" sizes=\"(max-width: 1244px) 100vw, 1244px\" \/><figcaption class=\"wp-element-caption\">Foreign brokers do not levy federal stamp duty. This saved around CHF 48 (0.15% of the transaction value) on this ETF purchase. The total costs for this trade amounted to only CHF 2.72 or \u20ac3 (ETF purchase receipt from DEGIRO).   <\/figcaption><\/figure>\n<\/div>\n<p><strong><strong>ETF taxes Switzerland savings tip<\/strong><\/strong> <strong>#2:<\/strong> Avoid stamp duty by choosing a foreign broker such as <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/interactive-brokers-switzerland-experience\/\" target=\"_blank\" data-type=\"post\" data-id=\"3234\" rel=\"noreferrer noopener\">Interactive Brokers<\/a> or <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/degiro-experience-switzerland\/\" target=\"_blank\" data-type=\"post\" data-id=\"2121\" rel=\"noreferrer noopener\">DEGIRO<\/a><\/p>\n\n<p class=\"has-text-align-center\"><span style=\"color: #37c392;\"><em>&#8211; Partner offer<\/em> <em>&#8211;<\/em><\/span><\/p>\n\n<p class=\"has-text-align-center\"><em>DEGIRO is known for its low fees. By clicking on the ad below, you can register directly with the European market leader. This will earn you <strong>trading credits worth CHF 100<\/strong> and support our blog at the same time.  <\/em><\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/www.degiro.ch\/?tap_a=55321-c5c085&amp;tap_s=1016265-b529be&amp;utm_source=schweizerfinanzblog&amp;utm_campaign=DEGIRO+Switzerland&amp;utm_medium=a&amp;utm_content=shares_lp\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/03\/DEGIRO_Werbebanner_breit3.png\" alt=\"\" class=\"wp-image-6721\" style=\"width:840px;height:auto\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/03\/DEGIRO_Werbebanner_breit3.png 1920w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/03\/DEGIRO_Werbebanner_breit3-768x432.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/03\/DEGIRO_Werbebanner_breit3-1536x864.png 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/a><\/figure>\n<\/div>\n<p class=\"has-text-align-center\"><span style=\"color: #37c392;\"><em>&#8211; &#8211; &#8211; &#8211; &#8211;<\/em><\/span><\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Withholding_tax\">Withholding tax<\/span><\/h3>\n\n<p>Withholding tax (VST) is levied by the federal government on <strong>Swiss investment income<\/strong> such as dividends and interest. The tax is a high <strong>35%<\/strong> and is paid directly to the federal government by the bank or broker. <\/p>\n<div class=\"wp-block-image size-full wp-image-3174\">\n<figure class=\"alignleft\"><img decoding=\"async\" width=\"1656\" height=\"968\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_Dividende_mit_VST.png\" alt=\"ETF taxes Switzerland\" class=\"wp-image-3174\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_Dividende_mit_VST.png 1656w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_Dividende_mit_VST-768x449.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_Dividende_mit_VST-1536x898.png 1536w\" sizes=\"(max-width: 1656px) 100vw, 1656px\" \/><figcaption class=\"wp-element-caption\">Withholding tax is deducted from the dividend and paid directly to the tax authorities. However, it can be reclaimed in full by declaring it in the tax return, provided the fund domicile is in Switzerland (dividend credit from PostFinance). <\/figcaption><\/figure>\n<\/div>\n<p>The primary purpose of this tax is to <strong>curb<\/strong> <strong>tax evasion<\/strong>. It is a so-called <strong>security tax<\/strong>. As a resident of Switzerland and entitled to the corresponding income, you can have the withholding tax credited back to you. In concrete terms: if you declare your dividend income correctly in your tax return, you will not pay a single franc of withholding tax!   <\/p>\n\n<p>Despite these tax advantages, we consider a <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/diversification-not-all-eggs-in-the-same-basket\/\" target=\"_blank\" rel=\"noopener\">globally diversified ETF portfolio<\/a> to be the better choice for risk\/return reasons and to avoid the <a href=\"https:\/\/de.wikipedia.org\/wiki\/Home_Bias\" target=\"_blank\" rel=\"noopener\">home bias<\/a> that is harmful from an investor&#8217;s perspective.<\/p>\n\n<p>In the case of ETFs that cover several countries or entire regions, the withholding tax could only be reclaimed for the Swiss shares contained in the ETF. In addition, the fund would have to be domiciled in Switzerland. We are not aware of any such combination.    <\/p>\n\n<p>However, our fundamentally skeptical stance in connection with the home bias does not rule out having one or two ETFs based on a Swiss index in the portfolio, especially for larger investment sums.<\/p>\n\n<h4 class=\"wp-block-heading\"><span id=\"Tax_domicile_of_the_fund_influences_your_return\">Tax domicile of the fund influences your return<\/span><\/h4>\n\n<p>But beware: if you choose a Swiss equity ETF with a foreign domicile, you will not be entitled to reclaim withholding tax. This tax effect has a direct impact on performance, as a long-term comparison of four Swiss equity ETFs, all based on the <a href=\"https:\/\/www.six-group.com\/de\/products-services\/the-swiss-stock-exchange\/market-data\/indices\/equity-indices\/sli.html\" target=\"_blank\" rel=\"noopener\">Swiss Leader Index (SLI)<\/a>, clearly shows. <\/p>\n<div class=\"wp-block-image size-full wp-image-3175\">\n<figure class=\"alignleft\"><img decoding=\"async\" width=\"2560\" height=\"1377\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/03\/ETFs_SLI_im_Vergleich_2026-scaled.png\" alt=\"Withholding taxes\" class=\"wp-image-16053\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/03\/ETFs_SLI_im_Vergleich_2026-scaled.png 2560w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/03\/ETFs_SLI_im_Vergleich_2026-768x413.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/03\/ETFs_SLI_im_Vergleich_2026-1536x826.png 1536w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2025\/03\/ETFs_SLI_im_Vergleich_2026-2048x1101.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><figcaption class=\"wp-element-caption\">Performance comparison (incl. dividends) of four ETFs, all of which track the Swiss Leader Index (SLI). Among ETFs covering the Swiss market, those domiciled in Switzerland (orange and blue) outperform their foreign-domiciled counterparts (red and gray) for tax reasons (Chart: justETF). <\/figcaption><\/figure>\n<\/div>\n<p>The following comparison also shows that the tax effect has an even greater impact on performance than the ongoing product costs (TER).<\/p>\n<h2 id=\"tablepress-19-name\" class=\"tablepress-table-name tablepress-table-name-id-19\"><span id=\"Tax_effects_Considerable_influence_of_ETF_domicile_on_performance\">Tax effects: Considerable influence of ETF domicile on performance<\/span><\/h2>\n\n<table id=\"tablepress-19\" class=\"tablepress tablepress-id-19\" aria-labelledby=\"tablepress-19-name\" aria-describedby=\"tablepress-19-description\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">ETF designation<\/th><th class=\"column-2\">ISIN<\/th><th class=\"column-3\">Domicile<\/th><th class=\"column-4\">Costs (TER)<\/th><th class=\"column-5\">Performance (25.1.2008 \u2013 10.3.2026)<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">UBS ETF SLI A-dis<\/td><td class=\"column-2\">CH0032912732<\/td><td class=\"column-3\">Switzerland<\/td><td class=\"column-4\">0,20%<\/td><td class=\"column-5\">+186%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">iShares SLI<\/td><td class=\"column-2\">CH0031768937<\/td><td class=\"column-3\">Switzerland<\/td><td class=\"column-4\">0,35%<\/td><td class=\"column-5\">+172%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">iShares SLI UCITS ETF<\/td><td class=\"column-2\">DE0005933964<\/td><td class=\"column-3\">Germany<\/td><td class=\"column-4\">0,51%<\/td><td class=\"column-5\">+154%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Xtrackers SLI UCITS ETF 1D<\/td><td class=\"column-2\">LU0322248146<\/td><td class=\"column-3\">Luxembourg<\/td><td class=\"column-4\">0,25%<\/td><td class=\"column-5\">+150%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<span id=\"tablepress-19-description\" class=\"tablepress-table-description tablepress-table-description-id-19\">Tax optimisation thanks to reclaiming withholding tax as a result of choosing a suitable fund domicile: funds that cover the Swiss market (e.g. SLI) perform significantly better with a Swiss domicile than with a foreign fund domicile (Data source: justETF).<\/span>\n<!-- #tablepress-19 from cache -->\n\n<p>In an 18-year comparison, the more expensive iShares product with a TER of 0.35% and Swiss fund domicile performed around 22 percentage points better than the cheaper Xtrackers ETF with a TER of just 0.25% but Luxembourg fund domicile. The UBS product with CH fund domicile stands out as the first choice in terms of costs and performance. <\/p>\n\n<p>ETFs without a Swiss domicile that track a Swiss equity index such as the &#8220;SLI&#8221; are therefore only likely to be suitable from a tax perspective for investors who are <strong>not<\/strong> subject to tax in Switzerland.<\/p>\n\n<p><strong><strong>ETF taxes Switzerland savings tip<\/strong> #3:<\/strong> Withholding tax refund for a Swiss equity ETF by choosing a CH fund domicile  <\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Foreign_withholding_tax\">Foreign withholding tax<\/span><\/h3>\n\n<p>Let&#8217;s move on to what is probably the most complex and least transparent tax. In order to understand withholding tax, we must first distinguish between two relationships:   <\/p>\n\n<ul class=\"wp-block-list\">\n<li>Withholding tax between companies and funds<\/li>\n\n\n\n<li>Withholding tax between fund and investor<\/li>\n<\/ul>\n\n<h4 class=\"wp-block-heading\"><span id=\"Relationship_1_Withholding_tax_between_company_and_fund\">Relationship 1: Withholding tax between company and fund<\/span><\/h4>\n\n<p>This tax depends on the domicile of the company (e.g. USA for Apple) and the fund (e.g. Ireland). So if a fund is domiciled in Ireland, then the relevant double taxation treaties between Ireland and the domiciles of the relevant companies in the fund are decisive. For an MSCI World ETF, in which companies from 23 different countries including Ireland are represented, there are therefore 22 double taxation agreements. The corresponding withholding tax rate varies from country to country.     <\/p>\n\n<p>Before an ETF provider launches a fund, it will therefore carry out an overall tax assessment on a country-by-country basis, depending on the targeted region (world, Europe, eurozone, emerging markets, etc.), and select the most attractive fund tax domicile for the target group (e.g. private investors from Switzerland) on this basis. This is usually Ireland, which has apparently concluded comparatively attractive tax agreements with the company locations represented in the ETF.   <\/p>\n\n<p>Practical: The fund takes over the maximum possible reclaim of withholding tax, which means that you as an investor are relieved of the administrative burden. Two examples: In the case of US companies, the fund domiciled in Ireland reclaims 15% of the US withholding tax directly thanks to the double taxation agreement with the USA. The other 15% is not distributed or remains with the US tax authorities.    <\/p>\n\n<p>You are even better off with a fund dominated by US companies, such as an ETF that tracks the popular MSCI World Index, if the fund is domiciled in the USA. This is because there is no withholding tax between US companies and the fund domiciled in the USA. <\/p>\n\n<h4 class=\"wp-block-heading\"><span id=\"Relationship_2_Withholding_tax_between_fund_and_investor\">Relationship 2: Withholding tax between fund and investor<\/span><\/h4>\n\n<p>This tax depends on the domicile of the fund (e.g. Ireland or USA) and the investor (CH).  <\/p>\n\n<p><strong>Thanks to numerous double taxation agreements with Switzerland<\/strong>, depending on the ETF domicile, <strong>no withholding taxes <\/strong>are levied (e.g. Ireland) or these can be at least partially <strong>reclaimed <\/strong>(e.g. USA).<\/p>\n\n<p>The <strong>fund domicile Ireland<\/strong> has a tax treaty with Switzerland, which currently does not provide for withholding tax on dividends. Therefore, no reclaim by the Swiss investor is possible\/necessary. From the perspective of the Swiss investor, the fund domicile Ireland can therefore be described as both <strong>tax-friendly <\/strong>(favorable) and <strong>tax-simple<\/strong> (no effort required).  <\/p>\n\n<p>The situation is different &#8211; at least as far as tax simplicity is concerned &#8211; in the case of <strong>funds domiciled in the USA<\/strong>, for example: There is also a double taxation agreement between Switzerland and the USA, which allows a manual reclaim by the person liable for tax in Switzerland.  <\/p>\n\n<p>For funds domiciled in the USA, it is therefore advisable to submit a <strong>manual reclaim request<\/strong> using <strong>tax form DA-1<\/strong>. The corresponding reclaim amounts can be taken from your bank&#8217;s dividend statement. <\/p>\n<div class=\"wp-block-image size-full wp-image-3177\">\n<figure class=\"alignleft\"><img decoding=\"async\" width=\"1654\" height=\"1128\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_US-Quellensteuer-1.png\" alt=\"ETF taxes Switzerland\" class=\"wp-image-3177\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_US-Quellensteuer-1.png 1654w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_US-Quellensteuer-1-768x524.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Auszug_PF_US-Quellensteuer-1-1536x1048.png 1536w\" sizes=\"(max-width: 1654px) 100vw, 1654px\" \/><figcaption class=\"wp-element-caption\">For US funds, withholding tax and additional withholding tax of 15% each are deducted from the gross dividend. These deductions can be partially reclaimed by means of a tax return (dividend credit from PostFinance). <\/figcaption><\/figure>\n<\/div>\n<p>From my own experience, 15% is refunded in this way, albeit with a delay of a few months. For the other 15%, at least a partial refund is possible, based on a rather complex calculation key used by the tax authorities. <\/p>\n\n<p>In addition to the additional administrative work, it should be noted that funds domiciled in the US may be subject to <strong>inheritance tax<\/strong> in the event of death.  <\/p>\n\n<p><strong><strong>ETF taxes Switzerland savings tip<\/strong> #4:<\/strong> Choose a tax-friendly fund location without withholding tax or with a reclaim option<\/p>\n\n<p>We would like to take this opportunity to say that you can generally assume that the ETF providers select the most attractive fund domicile for their products and their target group in terms of tax. This is often <strong>Ireland<\/strong>, but depending on the regional focus of the ETF, <strong>Luxembourg<\/strong> or other domiciles, such as <strong>Switzerland<\/strong>, may also be the first choice for an ETF that tracks the Swiss market. <\/p>\n\n<h3 class=\"wp-block-heading\"><span id=\"Costs_for_the_management_of_movable_private_assets\">Costs for the management of movable private assets<\/span><\/h3>\n\n<p>The previous four tax tips relate to the broker or the ETF product. Savings tip #5, on the other hand, can be implemented directly when completing your tax return &#8211; regardless of where and what you trade. <\/p>\n\n<p>The following explanations refer to the <strong>canton of Zurich<\/strong>, but should apply analogously in most other cantons.<\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"2308\" height=\"1188\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Wegleitung_2024_Pauschalabzug.png\" alt=\"ETF taxes Switzerland\" class=\"wp-image-6461\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Wegleitung_2024_Pauschalabzug.png 2308w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Wegleitung_2024_Pauschalabzug-768x395.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Wegleitung_2024_Pauschalabzug-1536x791.png 1536w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2022\/02\/Wegleitung_2024_Pauschalabzug-2048x1054.png 2048w\" sizes=\"(max-width: 2308px) 100vw, 2308px\" \/><figcaption class=\"wp-element-caption\">Passive ETF investors with an online broker generally only incur low costs, which is why in most cases the lump-sum deduction is more worthwhile for tax purposes than the deduction of the actual securities costs (source: Guide to the 2025 tax return of the Canton of Zurich).<\/figcaption><\/figure>\n\n<p>Specifically, this concerns the flat-rate deduction for the management of the securities portfolio by third parties. Important: According to tax practice in the canton of Zurich, the mere <strong>safekeeping<\/strong> of ETF positions by a broker is also considered &#8220;management by third parties&#8221;. <strong>The lump-sum deduction can therefore be claimed even if you trade your ETFs yourself.<\/strong> <\/p>\n\n<p>Alternatively, the actual costs can be deducted &#8211; but this is administratively more complex and hardly worthwhile. All purchase and sales costs as well as the TER are not deductible, as the tax office of the Canton of Zurich confirmed to us on request. Ultimately, passive ETF investors are only left with any custody account fees &#8211; and even these are not even incurred with most of our <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/our-recommendations\/\" target=\"_blank\" rel=\"noreferrer noopener\">recommended providers<\/a>.  <\/p>\n\n<p>The lump-sum deduction in the Canton of Zurich is <strong>3\u2030, up to a maximum of CHF 6,000<\/strong> (from securities assets of CHF 2 million).<\/p>\n\n<p><strong><strong>ETF taxes Switzerland savings tip<\/strong> #5:<\/strong> Deduct the (higher) lump sum instead of the (lower) effective securities costs<\/p>\n\n<h2 class=\"wp-block-heading\"><span id=\"Conclusion_on_ETF_taxes_Switzerland\">Conclusion on ETF taxes Switzerland<\/span><\/h2>\n\n<p>As tedious as the topic of &#8220;ETF taxes Switzerland&#8221; may be, a lot of money can be saved on the tax front. We have summarized the <strong>five most important tax-saving tips<\/strong> for your ETF investment below: <\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>ETF taxes Switzerland savings tip #1:<\/strong> Save on income tax by foregoing a dividend strategy<\/li>\n\n\n\n<li><strong><strong>ETF taxes Switzerland savings tip<\/strong> #2:<\/strong> Avoid stamp duty by choosing a foreign broker such as <a href=\"https:\/\/schweizerfinanzblog.ch\/en\/interactive-brokers-switzerland-experience\/\" target=\"_blank\" rel=\"noopener\">Interactive Brokers<\/a> or <a href=\"https:\/\/schweizerfinanzblog.ch\/degiro-review-etf-sparplan-schweiz\/\" target=\"_blank\" rel=\"noopener\">DEGIRO<\/a><\/li>\n\n\n\n<li><strong><strong>ETF taxes Switzerland savings tip<\/strong> #3:<\/strong> Withholding tax refund for a Swiss equity ETF by choosing a CH fund domicile  <\/li>\n\n\n\n<li><strong><strong>ETF taxes Switzerland savings tip<\/strong> #4:<\/strong> Choose a tax-friendly fund location without withholding tax or with a reclaim option<\/li>\n\n\n\n<li><strong><strong>ETF taxes Switzerland savings tip<\/strong> #5:<\/strong> Deduct the (higher) lump sum instead of the (lower) effective securities costs<\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\"><span id=\"This_might_also_interest_you\">This might also interest you<\/span><\/h2>\n\n<link rel=\"stylesheet\" href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/themes\/schweizerfinanzblog\/components\/post-list-component\/post-list-component.css\">\n\n<div class=\"post-list-componenet pt-2 pb-4\">\n\t<div class=\"row\">\n\t\t\t\t\t\t\n\t\t <div class=\"col-xl-6\">\n\t\t\t <a class=\"text-decoration-none\" href=\"https:\/\/schweizerfinanzblog.ch\/en\/interactive-brokers-switzerland-experience\/\">\n\t\t\t\t<div class=\"d-flex post-list-card\">\n\t\t\t\t\t<div class=\"post-list-image \">\n\t\t\t\t\t\t<div class=\"image-wrapper\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1324\" height=\"760\" 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class=\"image-wrapper\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1834\" height=\"1297\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2023\/02\/Titelbild_Dividendenartikel_neu.png\" class=\"attachment-1920x1297 size-1920x1297 wp-post-image\" alt=\"\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2023\/02\/Titelbild_Dividendenartikel_neu.png 2048w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2023\/02\/Titelbild_Dividendenartikel_neu-768x543.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2023\/02\/Titelbild_Dividendenartikel_neu-1536x1086.png 1536w\" sizes=\"(max-width: 1834px) 100vw, 1834px\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"post-list-title px-2 d-flex align-items-center\">\n\t\t\t\t\t\t<p class=\"\">Dividend strategy does not pay off! 3 major disadvantages for Swiss investors<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t\n\t\t <div class=\"col-xl-6\">\n\t\t\t <a class=\"text-decoration-none\" href=\"https:\/\/schweizerfinanzblog.ch\/en\/long-term-investment-these-7-principles-are-very-important-to-us\/\">\n\t\t\t\t<div class=\"d-flex post-list-card\">\n\t\t\t\t\t<div class=\"post-list-image \">\n\t\t\t\t\t\t<div class=\"image-wrapper\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1200\" height=\"779\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2023\/06\/Titelbild_Frame_6_heller.jpeg\" class=\"attachment-1920x1297 size-1920x1297 wp-post-image\" alt=\"\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2023\/06\/Titelbild_Frame_6_heller.jpeg 1200w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2023\/06\/Titelbild_Frame_6_heller-768x499.jpeg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"post-list-title px-2 d-flex align-items-center\">\n\t\t\t\t\t\t<p class=\"\">Long-term investment: These 7 principles are (very) important to us!<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\"><span id=\"Updates\">Updates<\/span><\/h2>\n\n<p>2026-03-12: Text, documents and tables updated.<\/p>\n\n<p>2025-03-13: All documents and tables updated. The connection between tax burden and marginal tax rate has been pointed out. <\/p>\n\n<p>2024-02-08: Note added that funds domiciled in the USA may be subject to inheritance tax.  <\/p>\n\n<p>2024-02-02: Tax saving tips #5 added. Text on withholding tax clarified.   <\/p>\n\n<p>2023-02-17: Text block &#8220;Short &amp; sweet&#8221; added.<\/p>\n\n<h2 class=\"wp-block-heading\"><span id=\"Disclaimer\">Disclaimer<\/span><\/h2>\n\n<p><strong>Disclaimer: <\/strong>Investing involves risks of loss. You must decide for yourself whether you want to bear these risks or not. <\/p>\n\n<p><strong>Errors excepted:<\/strong> We have written this article on ETF taxes in Switzerland to the best of our knowledge and belief. Our aim is to provide you as a private investor with the most objective and meaningful financial information possible. However, should we have made any errors, forgotten important aspects and\/or no longer have up-to-date information, we would be grateful if you could let us know.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>We are all too happy to ignore it, but at the beginning of every year it catches up with us mercilessly: the Swiss tax return. In this detailed ETF tax Switzerland report, we want to shed light on all relevant tax aspects in connection with ETFs. We also present five useful tax-saving tips that you [&hellip;]<\/p>","protected":false},"author":1,"featured_media":16072,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[177,210],"tags":[],"class_list":["post-9579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etfs-en","category-taxes"],"acf":[],"_links":{"self":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts\/9579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/comments?post=9579"}],"version-history":[{"count":15,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts\/9579\/revisions"}],"predecessor-version":[{"id":16083,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts\/9579\/revisions\/16083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/media\/16072"}],"wp:attachment":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/media?parent=9579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/categories?post=9579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/tags?post=9579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}