Switzerland began updating its notes starting with the 50 franc note in April 2016. It then issued the new 20 franc note in May 2017, and the new 10 in October 2017. The newest note to grace Swiss wallets, pockets and purses is the 200 franc note, which was launched on 22 August 2018. Switzerland’s […]
Swiss health insurance companies aim to make it easier to break contracts
Swiss health insurance companies are aiming to change laws to make it easier for them to unilaterally end complementary insurance contracts, according to the newspaper Le Matin. Health insurers have managed to get this possibility included in a project aimed at revising Switzerland’s laws on insurance contracts, set for discussion by a parliamentary committee this […]
Accident and emergency patients might soon be charged a pre-treatment fee
The Swiss government is looking hard to find ways to reduce the cost of health care. One idea is to make accident and emergency patients pay a CHF 50 fee before treatment. National counsellor Thomas Weibel put forward a parliamentary initiative to levy a CHF 50 charge at the time of hospital admission. The measure […]
New initiative aims to end age discrimination on pension contributions
In Switzerland, pension rules make it more expensive to employ older workers. The amount employers must contribute to 2nd pillar contribution-based employee pensions increases with age. Workers under 35 only cost an additional 3.5% of salary. From 55, workers cost employers an additional 9% – workers aged 35 to 44 cost employers an additional 5% […]
Majority favours later retirement for women, according to survey
In Switzerland, the official retirement age for women is 64, a year earlier than it is for men. A poll by gfs.bern shows that around two thirds are in favour of raising the retirement age of women to 65. Only 16% are against the idea, with a further 18% somewhat against it. Men (78%) are […]
Switzerland’s special tax deals less attractive from 2021
Foreigners who don’t work in Switzerland can benefit from special tax deals known as lump sum taxation, or forfait fiscal in French. Instead of paying tax on their worldwide income and assets their tax is calculated based on their living expenses. When someone becomes Swiss they automatically lose eligibility. The regime, which generated CHF 767 […]
Geneva set to vote on maintaining public spending in the face of company tax reform
An initiative entitled: zero losses, was filed this week in Geneva. It aims to ring fence current public spending in the face of future company tax reform. The initiative gathered 9,147 signatures, more than the 7,840 required. Under pressure from the OECD and the EU, Switzerland is being forced to make major changes to its tax […]
The large tax differences between Swiss cantons
In Switzerland, tax is largely determined by the canton of residence. The range of tax rates is wide. In 2017, a single person earning CHF 100,000 paid only CHF 7,592 in the canton of Zug but CHF 19,233 in the canton of Neuchâtel, more than 2.5 times as much. Someone married with children earning the […]
Recording TV could be under threat in Switzerland
With TV recording there’s no need to miss programmes just because they’re on at the wrong time. And, when it’s time to watch them, it’s easy to fast forward through the adverts, something that can’t be done when watching live. In Switzerland, television recording is offered by big distributers, such as Swisscom, Sunrise and UPC. […]
Swiss VAT might rise to fund lower company tax rates
Historically, Switzerland has offered certain foreign companies special preferential tax deals in order to attract them. In response to international pressure, the current system is to be phased out replacing preferential tax rates with lower universal ones in the hope that these companies will stay. The central challenge is how to cover the tax revenue […]
