Showing posts with label not reading the fine print. Show all posts
Showing posts with label not reading the fine print. Show all posts

Thursday, October 01, 2009

Everybody Makes Misteaks!

We paid some of our Swiss taxes this week. Unfortunately, it happens every year around this time.

There's a reason why I said "some" of our Swiss taxes. You see, for the first time ever, I actually read the footnote on the tax statement from our accountant. Here's what it says:

Cantonal taxes are payable by 30.09.2009
Community taxes are payable by 30.09.2009
Federal taxes are payable by 01.03.2010

Wait a second!

Federal taxes aren't payable until March 1, 2010?????

You mean to tell me??? Doh!!!!

I came to find out that I've been paying our federal taxes (31% of our tax liability) FIVE MONTHS EARLY EVERY YEAR FOR THE PAST FOUR YEARS!!!!!

According to our accountant, the federal tax authority pays us interest on early payments. But when I asked him how I could verify that they had actually done so, he pretty much just shrugged his shoulders. Oh well...

I won't make that mistake again.