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Tag Archives: Childcare tax deductions Switzerland

Higher tax deductions for parents in Switzerland starting in 2023

This week, Switzerland’s government set a date for the introduction of more generous tax deductions for childcare. © Zsv3207 | Dreamstime.comFrom 1 January 2023, parents will be able to deduct up to CHF 25,000 per child in childcare costs from their annual taxable income, reported RTS. Currently, the maximum is CHF 10,100 per child. The change is the result of a new law that was created in autumn last year. Only external expenses incurred for the care of children under 14 years old...

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