With the new Agreement, Switzerland retains 80 percent of the withholding tax regularly collected on the income of new cross-border workers who will work in Switzerland. The new cross-border workers will also be taxed regularly in Italy. Double taxation will be avoided. New cross-border workers are those who enter the cross-border labor market after July 17, 2023. A transitional regime applies to cross-border workers who work or have worked in the Cantons of Grisons, Ticino, or Valais between December 31, 2018, and July 17, 2023. These individuals will continue to be taxed exclusively in Switzerland, which will pay to the Italian border municipalities, until the fiscal year 2033, a financial compensation equal to 40 percent of the withholding tax collected in Switzerland.

Increase in VAT rates from January 1, 2024 – Instructions for use

The new VAT rates will come into effect on January 1, 2024. The instructions explain what to pay attention to with the new rates that can be declared for the first time respectively in the 3rd quarter of 2023, in the 2nd half of 2023, and in the month of July 2023.