In Switzerland, tax is largely determined by the canton of residence. The range of tax rates is wide.
In 2017, a single person earning CHF 100,000 paid only CHF 7,592 in the canton of Zug but CHF 19,233 in the canton of Neuchâtel, more than 2.5 times as much.
Someone married with children earning the same amount paid CHF 920 in Zug and CHF 9,249 in Neuchâtel, more than 10 times as much.
The chart above shows tax rates for single and married people with two children earning CHF 100,000 by canton in 2017. Tax rates also vary slightly within cantons by municipality. The figures above are for the capital city of each canton.
The numbers come from a report published by Switzerland’s Federal Statistical Office on 11 July 2018.
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Investec is a distinctive Specialist Bank and Asset Manager.
We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies.
Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.
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