From atlaswealth.com: Australian expats in Switzerland face distinct tax systems as both countries implement residence-based taxation, but Switzerland’s three-tiered system allows cantonal variations in tax rates.

Unlike Australia, which taxes capital gains, Switzerland imposes an annual wealth tax regardless of asset income, affecting investment strategies for expats.

Strategic planning regarding residency, choice of canton, and understanding of tax obligations is essential for optimising tax positions when transitioning between the two countries.