Tag Archives: Childcare Switzerland

Switzerland has the world’s fourth most expensive childcare according to UNICEF. The federal government is working on a package of financial subsidies costing CHF 530 million a year to reduce the cost to parents, reported RTS. Photo by Ksenia Chernaya on Pexels.comA 2021 UNCEF study of childcare in rich nations ranks Switzerland as having the fourth most unaffordable childcare, a measure that considers the cost relative to income. The only places with more unaffordable childcare are...

In Switzerland, parents can claim tax allowances for their children. Currently they can deduct CHF 6,500 for each child plus up to CHF 10,100 per child for money spent on childcare from their federal tax calculation. © Marija Starcevic | Dreamstime.comResidents of Switzerland pay three layers of tax: federal, cantonal and municipal. These particular deductions apply only to federal tax. The Federal Council and Parliament decided to increase the per child deduction from CHF 6,500 to CHF...