Since the beginning of the year, a new step has been added to buying fresh fruit and vegetables in Swiss supermarkets. Previously, the produce went on the scales, the relevant number was entered, a button pushed, and a price sticker produced. Now there’s an extra step: a bag choice must be made. What is going […]
Switzerland cuts low emission heating subsidies
In 2023, Swiss voters accepted a plan to provide subsidies to replace oil and basic electric heating with cleaner more efficient heating, such as electric heat pumps. The plan involved spending CHF 200 million a year on such incentives over a 10-year period starting on 1 January 2025. However, Switzerland’s federal parliament decided in December […]
Swiss central bank to share recent profits
The Swiss National Bank (SNB), Switzerland’s central bank, has a narrow role: to ensure price stability, which means managing inflation. Sometimes in the course of this task it generates a profit. For the year ended 31 December 2024, the SNB made a profit of CHF 80 billion, of which CHF 3 billion will be paid […]
Swiss tax free allowance cut from 1 January 2025
Until 31 December 2024 it was possible to enter Switzerland with CHF 300 of shopping per person per day without paying Swiss VAT. From 1 January 2025, the limit is CHF 150 per person per day. The Federal Council decided in October 2024 to cut the tax-free limit, despite negative reactions from many consumers and […]
Federal parliament approves abolition of imputed rent
After a stalemate last week, Switzerland’s federal parliament and upper house found a way forward this week on the abolition of imputed rent that both houses could agree on, reported SRF. For more than seven years, the National Council and the Council of States have been discussing how to do away with the imputed rent, […]
Health and health insurance remain top concern for Swiss
Every year, the bank UBS publishes its Worry Barometer, a poll that ranks the greatest concerns among Swiss voters. This week, it released the results for 2024. This year’s top concerns are healthcare, environmental and climate protection and retirement provision. Polling for the survey conducted from mid-August to mid-September and included the views of 2,250 […]
Reversal of higher retirement age for Swiss women rejected by top court
In 2022, Swiss voted to increase the official retirement age of women from 64 to 65, bringing it into line with the age for men. Later, an error was found in some of the numbers presented to voters to justify the change. After the error was revealed, the Socialist and Green parties asked Switzerland’s highest […]
Abolition of imputed rent gets bogged down in complexity
A project to end Switzerland’s controversial system of imputed rent was launched more than seven years ago. This week, discussions in Bern suggest the project’s chances of sucess remain narrow. In Switzerland, anyone who owns a property retained as a primary or secondary residence must add a fictional rent to their taxable income, which is […]
Swiss parliament accepts contentious budget
On Thursday, Switzerland’s federal parliament accepted a budget for 2025 by 120 versus 73 votes, reported RTS. Opposing votes came from politicians on the left, who make up a large minority in Switzerland’s lower house. Included in the budget were an increase in military spending, cuts to farm subsidies and large cuts to international aid. […]
Possible relief for the nearly half a million Swiss struggling with debt
In Switzerland, nearly half a million people are struggling with debt. This week, parliament discussed new measures that may offer relief to those unable to dig themselves out of insolvency, reported RTS. In Switzerland, personal bankruptcy does not extinguish your debts in the same way as it does across much of the rest of world. […]
