by Brought to you by Winbiz online accounting for Swiss businesses. A survey published this month shows that two thirds of Swiss companies find the administrative burden in Switzerland high or fairly high. © Ml12nan | Dreamstime.com Of the 2,042 companies surveyed in the autumn of 2018, 67.5% considered the burden of Swiss bureaucracy high or fairly high. The same percentage in 2014 was 66%. In addition, more companies felt the burden would rise. In 2018, 67% felt things would get worse, compared to 56% in 2014. Some of the most time consuming tasks were company accounts and audit, a task consuming an average of 12 hours a month at small and medium sized businesses (SME) and 38 hours per month at large companies, admin related to importing and exporting, a task consuming an average of 10
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Investec considers the following as important: Administrative burden Switzerland, Business & Economy, Company administration in Switzerland, Editor's Choice
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Brought to you by Winbiz online accounting for Swiss businesses.
A survey published this month shows that two thirds of Swiss companies find the administrative burden in Switzerland high or fairly high.
© Ml12nan | Dreamstime.com
Of the 2,042 companies surveyed in the autumn of 2018, 67.5% considered the burden of Swiss bureaucracy high or fairly high. The same percentage in 2014 was 66%. In addition, more companies felt the burden would rise. In 2018, 67% felt things would get worse, compared to 56% in 2014.
Some of the most time consuming tasks were company accounts and audit, a task consuming an average of 12 hours a month at small and medium sized businesses (SME) and 38 hours per month at large companies, admin related to importing and exporting, a task consuming an average of 10 hours a month at SMEs and 72 hours per month at large companies, dealing with VAT, a task consuming an average of 4 hours a month at SMEs and 18 hours per month at large companies, and admin related to training and apprenticeships, a task consuming an average of 5 hours a month at SMEs and 37 hours per month at large companies.
The averages for these tasks for SMEs totals 31 hours a month. The total cost of bureaucracy at all Swiss SMEs with at least three staff in Switzerland is estimated at CHF 6 billion annually.
When companies were asked for ideas on reducing the burden, the most suggested improvements related to VAT (16%) and requests for statistics (6%). The top recommendations were simpler processes (39%), fewer regulations (16%) and greater digitization (8%).
Winbiz, offers a cloud-based solution in English designed to fit the peculiarities of Swiss company administration.
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