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Tag Archives: Personal finance

Swiss parliament calls for more online purchases to be taxed

Since 1 January 2019, companies abroad making more than CHF 100,000 in revenue must charge Swiss VAT on sales made to anyone in Switzerland. © Panuwat Dangsungnoen | Dreamstime.com Now the Swiss government has decided to take aim at online platforms such as Aliexpress and Wish, according to the broadcaster RTS. Rather than chasing foreign companies selling products in Switzerland, Beat Vonlanthen, an MP from Fribourg, wants online platforms to charge and collect Swiss VAT on all items sold...

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Swiss health insurance deductibles to rise automatically

© Valeriya Potapova | Dreamstime.com Today, Switzerland’s parliament decided to bring in a system of regular increases in the deductibles for basic compulsory Swiss health insurance, according to the newspaper Le Matin. However, a plan to raise the the minimum deductible to CHF 500 was rejected by a clear majority. Between 1996 and 2004, the minimum deductible went from CHF 150 to CHF 300. Higher deductibles up to a...

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Swiss health insurance deductibles to rise automatically

Today, Switzerland’s parliament decided to bring in a system of regular increases in the deductibles for basic compulsory Swiss health insurance, according to the newspaper Le Matin. © Valeriya Potapova | Dreamstime.com However, a plan to raise the the minimum deductible to CHF 500 was rejected by a clear majority. Between 1996 and 2004, the minimum deductible went from CHF 150 to CHF 300. Higher deductibles up to a maximum of CHF 2,500 can be selected in return for a premium discount. The...

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Why there is so much egg pasta in Switzerland

© Teo Lay Peng | Dreamstime.com Strolling through the pasta aisle of a Swiss supermarket, someone new to Switzerland might conclude that the locals prefer egg pasta over the eggless variety. And, while that might to some extent be true, there is another reason. Every year, Swiss egg producers produce too many eggs and turn to the government for help. The Federal Office of Agriculture (OFAG) does three things. Firstly,...

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Why there is so much egg pasta in Switzerland

Strolling through the pasta aisle of a Swiss supermarket, someone new to Switzerland might conclude that the locals prefer egg pasta over the eggless variety. And, while that might to some extent be true, there is another reason. © Teo Lay Peng | Dreamstime.com Every year, Swiss egg producers produce too many eggs and turn to the government for help. The Federal Office of Agriculture (OFAG) does three things. Firstly, it funds retail egg discounts and runs a “broken egg” programme, which...

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Percentage of men in workforce declines in Switzerland

Recently published figures show a 7% decline in the percentage of men in Switzerland’s workforce between 1991 and 2018. © Volker Husberg _ Dreamstime.com The workforce figures, which include the unemployed, show a fall in male workforce participation from 81% to 74%, a 7% decline over 27 years. At the same time, the percentage of women working rose 6% from 57% to 63% between 1991 and 2018. Workforce participation for both genders combined declined 0.5% from 1991 to 2018. The largest drop for...

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Average Swiss rent barely rises over 7 years

© Sergey Novikov | Dreamstime.com Recently published data show that close to 60% of households in Switzerland rented their home at an average cost of CHF 1,329 per month in 2017. Average monthly rents ranged from CHF 752 for a studio up to CHF 2,323 for 6 rooms or more. The average household size in Switzerland was 2.23 people in 2017. 35% lived alone and a further 33% were two people. Only 19% were comprised of four...

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Average Swiss rent barely rises over 7 years

Recently published data show that close to 60% of households in Switzerland rented their home at an average cost of CHF 1,329 per month in 2017. © Sergey Novikov | Dreamstime.com Average monthly rents ranged from CHF 752 for a studio up to CHF 2,323 for 6 rooms or more. The average household size in Switzerland was 2.23 people in 2017. 35% lived alone and a further 33% were two people. Only 19% were comprised of four people or more. The highest average monthly rent was in the canton of Zug...

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Swiss unemployment rate rises

© Gunnar3000 | Dreamstime.com There are various ways to measure unemployment. Switzerland’s standard measure looks at the number of people registered with unemployment offices across the country. By this measure Switzerland’s unemployment recently reached a 10 year low of 2.6%. Today, another unemployment measure was published. It shows a 0.1% increase in unemployment over the fourth quarter of 2018 to 4.6% or 227,000...

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Swiss unemployment rate rises

There are various ways to measure unemployment. Switzerland’s standard measure looks at the number of people registered with unemployment offices across the country. By this measure Switzerland’s unemployment recently reached a 10 year low of 2.6%. © Gunnar3000 | Dreamstime.com Today, another unemployment measure was published. It shows a 0.1% increase in unemployment over the fourth quarter of 2018 to 4.6% or 227,000 people. This measure, defined by the International Labour Organisation...

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