You can deduct payments made into the pillar 3a retirement savings account from your taxable income. The following maximum amount applies for 2021 · If you have a pension fund: CHF 6’883 · Without a pension fund: CHF 34’416 (max. 20% of net income) As the designated account requires a few days […]
There is still time to save income tax in 2021! Read More »
With salaries higher than in most countries, Switzerland seems like the dream destination where it will be easy to live a life of luxury. Unfortunately the reality is not quite so simple and the high cost of living often puts an end to people’s dreams
Cost of living in Switzerland Read More »
The government has unblocked billions of francs to help people who are facing financial hardship due to the confinement rulings put in place. We explain who is entitled to compensation and how to get it: Who is entitled to compensation? Parents of children under the
Coronavirus Financial Compensation Read More »
We know that one of the first cultural shock when moving to Switzerland is working out how to pay for things, so we thought we would explain the Swiss monetary system.
Money in Switzerland Read More »
Understanding how to run trust and foundations.
Trusts and Foundations as Instruments for Asset Management and Estate Planning Read More »
Taxes in Switzerland are levied at three levels: federal, cantonal and municipal. Due to the fact that the Swiss tax system has grown historically and reflects the federal state culture, each of the 26 cantons has its own tax law. Federal tax is calculated on
Swiss Tax Regulations in the Canton of Lucerne Read More »
We all know that Switzerland is expensive without a Swiss salary, if you haven’t managed to find your dream job (and dream salary!) yet in Switzerland, then these tips are for you! If you have any additions or other suggestions, please leave them in the
Enjoying Switzerland on a budget Read More »
The debt enforcement system in Switzerland is unique. We would like to explain the most important facts and proceedings and help you understand the regulations. The debt collection report (“Betreibungsregisterauszug”) is a document often required by third parties to evaluate your financial status (application for
Debt Collection in Switzerland Read More »
In Switzerland, sole proprietorships, partnerships and legal entities (stock corporations) have bookkeeping and accounting requirements. The scope of the documentation and auditing obligations depend on the type of company, its turnover or size. Determination of the Financial Year For accounting purposes, the financial year must
Preparing Your First Annual Financial Statements Read More »
Even the Swiss have trouble fully understanding their income tax system. The array of taxes, including tax at source, on-account payments, a safeguard tax – plus differences between almost every canton, town and village – can be more than a little confusing. First, let’s consider
Personal income & wealth tax in Switzerland Read More »
