- Swiss voters approved a plan for a 13th monthly pension payment in March 2024
- The National Council’s committee supports funding this through a 0.7 percentage point VAT increase
- The Federal Council’s draft aligns with this VAT increase proposal
- The Council of States suggested a mix of higher payroll contributions and VAT increases
- The lower-house committee prefers a temporary VAT rise until 2030
- The committee rejected reducing the federal contribution to the pension fund
- Two draft bills to finance the 13th pension were approved by a narrow vote
- The National Council will discuss the issue in the autumn session
Source: lenews.ch
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Switzerland"
- Appeal Dismissed: VAT Liability Upheld for 2020 Tax Period in Erotic Business Case
- Court Upholds Discretionary VAT Assessment for 2016-2020; Taxpayer’s Appeal Dismissed for Lack of Evidence
- Taxation and Social Security Implications for Social Media Influencers in Switzerland
- VAT Dispute: Simple Partnership and Taxable Supplies Ruling, Partial Appeal Approval, Case Referred Back
- Swiss Court Decisions Clarify VAT Exemptions for Financial Intermediation, Aligning with EU Rules
