Tag Archives: Taxation Switzerland

Now that inflation has returned, so has bracket creep, a situation where inflation pushes taxable income into higher tax brackets and reduces the tax busting value of deductions. To compensate, Switzerland’s federal government announced higher deductions and higher tax brackets this week. Photo by Pixabay on Pexels.comFrom the 2023 tax year couples with two wage earners will be able to deduct a maximum of CHF 13,600 (previously CHF 13,400) each from their taxable income. For married...

In 2022, under the national financial equalisation mechanism, 6 cantons will transfer some of their tax revenue to Switzerland’s 20 other cantons. © Swisshippo | Dreamstime.comSwitzerland’s cantons have very different tax bases, costs and tax rates. Taxes in Switzerland are comprised of federal taxes, cantonal taxes and municipal taxes. Federal taxes are the same across all of Switzerland. However, cantonal and municipal taxes range significantly. Before 2008, all of the cantonal...