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Gifts and inheritances are also exempt from the income tax, but are subject to separate cantonal taxes. [15] Non-working foreigners resident in Switzerland may choose to pay a lump-sum tax instead of the normal income tax. The tax, which is generally much lower than the normal income tax, is nominally levied on the taxpayer's living expenses ...
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
The rates of value added tax are laid down in Art. 130 of the Federal Constitution. There, the Confederation is granted the right to levy value-added tax on supplies of goods and services, including own consumption, and on imports at a standard rate of no more than 6.5 percent and at a reduced rate of no less than 2.0 percent.
This is the map and list of European countries by monthly average wage (annual divided by 12 months), gross and net income (after taxes) for full-time employees in their local currency and in euros. The chart below reflects the average (mean) wage as reported by various data providers, like Eurostat . [ 1 ]
Median church, local and cantonal tax rate (2011) by family status and pre-tax income [121] Population under 20 as a percentage of total population aged 20–64 2007 National income per person in CHF 2005 Change in national income per person 2003-2005 Unmarried Married with 2 children 80,000 CHF 150,000 CHF 80,000 CHF 150,000 CHF Switzerland: 100
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The withholding rate has been 35% since 1976, except for life insurance benefits, which are taxed at 8%, and life annuities and pensions, which are taxed at 15%. [4] Initially set at 15% in 1944, the rate rose to 25% in 1945, then to 27% in 1958 and 30% in 1967. [1]
There was a net immigration of foreigners taking permanent residence in Switzerland of 83,200 in 2007, and of 103,400 in 2008. Net immigration fell moderately in 2009, to 79,000, and continued to fall to 51,190 in 2012. [19] Today, one of the economic reasons for immigration is a low income tax.