In October 2021, Switzerland’s government created a law requiring online streaming services to pay money into a Swiss cinema fund. Under the law, from 2024, streaming services such as Netflix and Disney+ will need to pay a levy equivalent to 4% of their Swiss turnover into the fund, which would be spent on producing Swiss […]
Long term mortgage rates rising in Switzerland
Over the last few years mortgage interest rates have been exceptionally low in Switzerland. However, since mid-December 2021 they have risen and are at levels last seen in 2018. According to recent data collected the newspaper Finanz und Wirtschaft, Swiss mortgage interest rates are 0.25 percentage points higher than a month earlier. 10-year guide rates […]
New Swiss company tax rate set for 2024
On 12 January 2022, the Federal Council decided to implement the minimum tax rate for companies that was agreed by the OECD and G20 member states last year. The 15% minimum tax rate is to come into force on 1 January 2024. The new minimum 15% tax rate, which will apply to multinational companies with […]
No weakening expected in Swiss house prices
The Swiss housing market continues to rise with no signs of weakening, reported RTS this week. According to the real estate platform immoscout24, the average price per m2 for a family home in Switzerland has risen from CHF 6,700 to CHF 7,200 over the last 12 months, a rise of 7%. Apartment prices have risen […]
Cost of Swiss postage hiked for first time in 18 years
From 1 January 2022, the cost of posting a standard letter for next day delivery (A-class) is 10% higher and a B-class letter 6% higher. These price hikes are the first of their kind in 18 years, reported RTS. The cost of posting a standard A-class letter is now CHF 1.10, up from CHF 1.00, […]
Man must reimburse welfare payments with inheritance, rules Bern tribunal
In some parts of Switzerland, welfare payments are sometimes considered more like bridging loans to help someone through a financially difficult period rather than a one-way payment. A recent case in the canton of Bern shows this system in action. According to 20 Minutes, a man who received welfare over 20 years was asked to […]
Tax burden set to rise in 10 Swiss cantons in 2022
The tax burden is set to rise in 10 Swiss cantons and fall in 16 in 2022, according to data published this week by the Federal Finance Administration (FFA). Nationally, the tax burden in 2022 will represent 24.6% of Switzerland’s tax potential, down from 24.8% in 2021. While the national tax burden percentage offers some […]
New laws that will help Swiss consumers in 2022
On 1 January 2022, new laws aimed at helping Swiss consumers will come into force. From 1 January 2022, foreign companies and brands will no longer be able to use geographic blocking to force consumers with Swiss IP addresses to shop on local Swiss web pages with different prices. Laws aimed at ending the practice […]
Women speak out in favour of raising retirement age for Swiss women
In Switzerland, the official state pension age is 65 for men and 64 for women. Government plans to make the retirement age 65 for both men and women have met with resistance from groups fighting against gender discrimination in Switzerland. The change would not affect women about to retire, and those born between 1960 and […]
Switzerland most expensive in EU comparison but third on average income (GDP)
Switzerland might not lead Europe on average income (GDP), but it wins on cost, according to recent Eurostat data. The nations leading on per capita GDP in 2020 were Luxembourg and Ireland. Average GDP per resident was 2.63 times the EU average in Luxembourg and 2.09 times in Ireland. Switzerland, came in third with GDP […]
