Figures based upon 1 CHF = 1 CHF.
In Switzerland, an income of 96,000.00 CHF / 96,000.00 CHF is more than the lowest average advertised salary of 33,400.00 CHF / 33,400.00 CHF and less than the country's average income of 96,000.00 CHF / 96,000.00 CHF.
Why not compare the taxation and buying power of Switzerland with another country? click here.
Here are how much some common purchases cost in Switzerland:
Water Bottle (1.5L) : 1.23 CHF / 1.23 CHF (Price in Switzerland converted to CHF)
Milk Bottle (1L) : 1.59 CHF / 1.59 CHF (Price in Switzerland converted to CHF)
Pint of Beer : 7.00 CHF / 7.00 CHF (Price in Switzerland converted to CHF)
Bread (500g) : 2.63 CHF / 2.63 CHF (Price in Switzerland converted to CHF)
Chicken Breasts (1kg) : 25.22 CHF / 25.22 CHF (Price in Switzerland converted to CHF)
Petrol UK Gallon : 7.36 CHF / 7.36 CHF (Price in Switzerland converted to CHF)
Volkswagen Golf or Equivalent : 24,000.00 CHF / 24,000.00 CHF (Price in Switzerland converted to CHF)
Broadband Internet Monthly : 59.83 CHF / 59.83 CHF (Price in Switzerland converted to CHF)
Rent One Bedroom Apt. In City (Monthly) : 1,398.76 CHF / 1,398.76 CHF (Price in Switzerland converted to CHF)
Purchase One Bedroom Apt. In City : 386,872.15 CHF / 386,872.15 CHF (Price in Switzerland converted to CHF)
Part of Europe, Switzerland covers an area of 39,524 square kilometers.
Switzerland has a Gross Domestic Product (PPP) of 494.30 ($ Billion) from a population of 8,454,083.
Three types of taxes are levied - Federal, Cantonal and Municipal with a progressive tax system aside from a few cantons.
Tax bands are as follow:
Below 14500 CHF - 0%
Between 14500 CHF and 31600 CHF - 0.77%.
Between 31600 CHF and 41400 CHF - 0.88%.
Between 41400 CHF and 55200 CHF - 2.64%.
Between 55200 CHF and 72500 CHF - 2.97%.
Between 72500 CHF and 78100 CHF - 5.94%.
Between 78100 CHF and 103600 CHF - 6.6%.
Between 103600 CHF and 134600 CHF - 8.8%.
Between 134600 CHF and 176000 CHF - 11%.
Between 176000 CHF and 755200 CHF - 13.2%.
Above 755200 CHF - 11.5%.
Here we use Zurich at Canton and Municipal level for comparative purposes (City of Zurich with a 1.17% municipal tax factor).
Below 6700 CHF - 0%
Between 6700 CHF and 11400 CHF - 2.38%.
Between 11400 CHF and 16100 CHF - 3.57%.
Between 16100 CHF and 23700 CHF - 4.76%.
Between 23700 CHF and 33000 CHF - 5.95%.
Between 33000 CHF and 43700 CHF - 7.14%.
Between 43700 CHF and 56100 CHF - 8.33%.
Between 56100 CHF and 73000 CHF - 9.52%.
Between 73000 CHF and 105500 CHF - 10.71%.
Between 105500 CHF and 137700 CHF - 11.9%.
Between 137700 CHF and 188700 CHF - 13.09%.
Between 188700 CHF and 254900 CHF - 14.28%.
Above 254900 CHF - 15.47%.
Social security contributions (7%) are deductible from gross income for tax purposes.
Mandatory health insurance deduction of 1,700 CHF applied and added as a Social contribution in lieu of health contribution.
Commuting costs and work meal costs are deductible. We will use a flat amount of 2,000 CHF.
Source: https://www.estv.admin.ch/estv/en/home.html.
Source: XE.com (Currency Conversion).
Source: SalaryExplorer.com (Averages from average salaries in major job categories).
Source: Numbeo.com (Cost of living).
This calculator allows you to calculate income taxes and social contributions equivalent for Switzerland. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose CHF as your preferred currency, then the income entered will be converted to Switzerland's native currency for the calculation so that correct income equivalent is used. The results will then be shown in CHF and your chosen currency.
We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.
We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.
Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.
It is quick and easy to use and you can get a detailed result at the click/tap of a button!
We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!
You can also compare tax using these examples:
Source: https://www.impots.gouv.fr/portail/international
Source: http://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/how_your_tax_is_calculated.html
Source: http://www1.agenziaentrate.gov.it/english/revenue_agency/index_revenue.htm
Source: http://www.impotsdirects.public.lu/fr.html
Source: http://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio.shtml
Source: https://www.estv.admin.ch/estv/en/home.html.
Source: https://www.gov.uk/government/organisations/hm-revenue-customs.
Source: http://www.bundesfinanzministerium.de/Web/EN/Issues/Taxation/taxation.html.
Source: https://www.irs.gov/tax-professionals/tax-code-regulations-and-official-guidance.
Source: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html
Source: https://www.ato.gov.au.
Source: http://www.ird.govt.nz/how-to/taxrates-codes/rates/itaxsalaryandwage-incometaxrates.html.
Source: https://www.nta.go.jp/foreign_language/.
Source: http://www.chinatax.gov.cn/2013/n2925/.
* calculations are currently based on the 2019 tax rules, rates and allowances for comparable single individuals in each country.