The percentage of economic output demanded by the tax authorities, sometimes referred to as the misery index, is set to fall in 18 of Switzerland’s 26 cantons in 2023, according to data published by the government this week. In 2023, the misery index will fall most in the cantons of Basel-City (-1.9 percentage points), Schaffhausen […]
Swiss inflation turns negative in December 2022
Over the month of December 2022, Switzerland’s consumer price index (CPI) fell by 0.2%, bringing the annual inflation rate for 2022 to +2.8%, according to Switzerland’s Federal Statistical Office (FSO). The modest deflation during December 2022 was driven by several factors including falling prices for fuels and heating oil. The prices for fruiting vegetables also […]
One in 20 jobs unfilled in Switzerland
As the end of 2022 approached, there were more than 250,000 unfilled jobs registered in Switzerland, equivalent to nearly one in every 20 jobs1. Out of the 264,069 vacancies recorded, nurses, electricians and managers were the most sought after employees, reported SRF. Together these three categories made up 10% of vacancies. On 15 November 2022, […]
Swiss gas consumption down nearly 30% in November
Switzerland consumed significantly less gas in November 2022, according to the Swiss Federal Office of Energy (SFOE). In November 2022, Switzerland imported 3084 giga watt hours of gas, 29% less than the monthly November average of the prior five years, reported RTS. October 2022 saw a similar year on year decline (-40%). However, despite lower […]
Financial pessimism in Switzerland worst in 6 years
A survey published on 27 December 2022 shows Swiss consumer sentiment is at its lowest since 2017. More than one in four of those surveyed expects their financial situation to deteriorate. Rises in health insurance premiums and energy costs were cited as the main reasons for financial pessimism by the 27.5% of people expecting their […]
1 in 4 changed health insurer this year
Sharply rising health insurance premiums appear to be a key driver behind 27% of people changing insurance provider in 2022, according to a survey by Comparis. Average premiums for 2023 are 6.6% higher than those for 2022. This sharp rise in premiums was cited as a key factor for changing insurer by 61% of the […]
Franco-Swiss deal reached on taxing remote workers
This week, after two years of negotiating, France and Switzerland reached an agreement on the tax treatment of workers employed in one country who work remotely in the other, announced the Swiss government. From 1 January 2023, up to 40% of an employee’s annual working hours can be worked from home without having any impact […]
Date announced for start of higher Swiss VAT
On 25 September 2022, Swiss voters voted in favour of raising the rate of VAT to pay for state pensions. On 9 December 2022, the government announced the date the new higher rates will start. From 1 January 2024, the standard rate of VAT will rise from 7.7% to 8.1% and the reduced rate will […]
Sanctions reduced for overtaking in right lane in Switzerland
Passing in the right on multiple-lane roads is illegal in Switzerland and the penalties for those caught are severe. However, confusion abounds when it comes to the application of the rule. As more cases are challenged in court the definition of what is acceptable and the penalties evolve. This week, another case concluded setting a […]
An end-of-year meter reading could have a big impact on your electricity bill
Electricity prices are going up in Switzerland in 2023. For those expecting to consume less electricity in 2023 than in 2022, reading the meter at the end of 2022 could save you money. Most electricity bills are calculated by taking the difference between two meter readings and dividing total consumption by the number of days […]
