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Swiss FDF Announces Tax Bracket Adjustments Effective 2027
1 report, 1 independent
Updated Thu 00:00
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What happened
The Federal Department of Finance announced adjustments to the tax brackets and deductions for direct federal tax, effective from 2027, to compensate for a 0.47-percent increase in the cost of living since the last adjustment. The deduction for childcare increases to a maximum of 25,900 francs, while the deduction for vocational training rises to 13,100 francs. For married couples, the income threshold for entering the tax system is raised to 29,900 francs.
From thelocal.ch
Why it matters
The maximum tax rate will now apply only to taxable income of 946,000 francs or more, up from the previous 941,000 francs. The department noted that the deduction for professional expenses remains unchanged.
From thelocal.ch
Who's involved
- Federal Department of FinanceSwiss governmental department responsible for announcing tax law changes.