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The Swiss government has announced that the new system of individual taxation for married couples will not come into force until January 1, 2032. This decision provides cantons with the maximum possible time to amend their tax laws and social security deductions.
12 days ago · 2 sources
Economy
The Swiss government has announced a sharp financial turnaround, now forecasting a CHF800 million budget surplus for 2026 instead of a previously expected deficit, primarily due to a surge in corporate tax revenues.
SWI swissinfo.ch
Wealth
New analysis of federal data from 2022 shows the highest density of million-franc earners reside in the cantons of Zug and Schwyz. The municipality of Wollerau in Schwyz stands out, with 4.4% of its population declaring an income of over CHF 1 million, highlighting significant wealth concentrations in specific Swiss locales.
The Local Switzerland · +1 more
Politics
The Swiss government is moving to significantly bolster national security, proposing a 0.5% VAT hike to fund increased military spending and backing a plan to merge civil defence and civilian service, making security-related service compulsory for all male conscripts. This two-pronged approach addresses both financial needs and personnel shortages in the armed forces and disaster response units.
SWI swissinfo.ch · +1 more
Politics
After prolonged debate, the Swiss parliament has confirmed a 0.4 percentage point increase in VAT to finance the voter-approved 13th annual pension payment. A compromise was reached after a proposal to also use payroll deductions was rejected, and the financing plan will now face a mandatory referendum.
Le News · +1 more
Pensions
Following the public's approval of an extra month's pension, Swiss parliamentarians are divided on how to finance it. The Senate has backed a mix of higher employee contributions and a VAT increase, setting up a clash with the House of Representatives which favored a VAT-only solution.
Le News · +1 more
Taxes
The Swiss government has confirmed its timeline to abolish the imputed rental value tax for residential property. The transition is set for 2029, a date chosen after consulting cantonal finance directors to provide adequate time for local fiscal adaptation.
Le News
Economy
Switzerland faces a complex economic picture as its unemployment rate increases more than elsewhere in Europe, driven by its export dependency. Simultaneously, a political debate is underway regarding a proposed VAT increase to provide additional funding for the army.
SWI swissinfo.ch · +1 more
Politics
A new poll indicates that over three-quarters of the Swiss populace are against a proposed increase in value-added tax (VAT) intended to either provide more funding for the army or to finance a 13th monthly pension payment.
SWI swissinfo.ch
Referendum
Swiss voters will decide on March 8th whether to replace the current system of joint taxation for married couples with individual taxation. This explainer breaks down what's at stake and how the proposed changes could impact households across the country.
The Local Switzerland · +1 more
Swiss Politics
Citing a heightened European threat landscape, the Swiss government plans to temporarily increase the value-added tax (VAT) by 0.8 percentage points from 2028 to finance a significant strengthening of the nation's defense capabilities.
SWI swissinfo.ch
Business
A new survey reveals that companies in Zurich are increasingly dissatisfied with the housing situation and tax rates, leading to fears that the city's attractiveness as a business location is declining despite a high quality of life.
SWI swissinfo.ch
