Switzerland income tax law for 2023 Switzerland Income Tax Rates for 2023

Switzerland Income Tax Brackets

Tax Bracket (yearly earnings) Tax Rate (%)
€0 - €13,600 0.00%
€13,600 - €29,800 0.77%
€29,800 - €39,000 0.88%
€39,000 - €52,000 2.64%
€52,000 - €68,300 2.97%
€68,300 - €73,600 5.94%
€73,600 - €97,700 6.60%
€97,700 - €127,100 8.80%
€127,100 - €166,200 11.00%
€166,200 and up 13.20%

Switzerland has a bracketed income tax system with ten income tax brackets, ranging from a low of 0.00% for those earning under €13,600 to a high of 13.20% for those earning more then €166,200 a year.

How does the Switzerland Income Tax compare to the rest of the world?

Switzerland has one of the lowest income taxes in the world, charging a maximum income tax of 13.20%. Countries with similar tax brackets include Czech Republic with a maximum tax bracket of 15.00%, Denmark with a maximum tax bracket of 18.67% and Slovak Republic with a maximum tax bracket of 19.00%. Keep in mind that our ranking measures only nationwide income taxes, and does not account for local income taxes at state, province, or municipal levels.

Switzerland Income Taxes
Maximum Income Tax Income Tax Allowance World Tax Rank
13.20% €0 ($0 USD) 34th of 34

What is the Switzerland Income Tax?

Switzerland's personal income tax is a bracketed income tax that must be paid yearly by all citizens to the government of Switzerland. Failure to pay, or underpayment of, the Switzerland income tax can result in high fees, fines, or jail time.

In addition to Switzerland's income tax, other taxes may apply to wages or profits earned, including social services, medical care, and capital gains taxes.

Switzerland Income Tax Allowance

Switzerland provides most taxpayers with an income tax allowance of €0, which can be kept as a tax-free personal allowance. Switzerland's tax credit is a

A tax credit is a fixed amount of money that may be kept by taxpayers without paying any income taxes. Generally, a tax credit is subtracted from your gross income before your taxable income is calculated.

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