News
On the 25 September 2022, the Swiss electorate voted on
the Supplementary financing of OASI ("OASI 21")
by increasing Value Added Tax (VAT) and amending
the Federal Act on Old-Age and Survivors' Insurance
The financial stability of OASI is at risk because baby boomers are reaching retirement age and life expectancy is rising. In a few years, OASI's revenue will no longer be sufficient to finance all its pension payments.
The reform to stabilise OASI (OASI 21) is intended to guarantee OASI pensions for the next ten years or so. It provides for both savings and additional revenue. A uniform retirement age of 65 will now apply for both women and men. The retirement age for women will be gradually increased from 64 to 65. This increase will be cushioned by taking compensatory measures: If the reform comes into force as planned in 2024, women born between 1961 and 1969 will be able to retire early under better conditions or receive a higher OASI pension if they work until they are 65.
Additional revenue will come from an increase in VAT: the reduced tax rate will be increased from 2.5% to 2.6%, the standard rate from 7.7% to 8.1%.
The reform also brings more flexibility: People will be free to choose a
transition to retirement between 63 and 70 and to gradually reduce working hours while claiming a partial pension. Those who work after the age of 65 may now in certain cases close contribution gaps and thereby increase their pension. This creates an incentive to work for longer.
Entry into force will be on January 1, 2024. Swiss Government will decide on the modalities in December 2022
Our firm is awarded in the top of
the 100 best accountant and tax experts in Switzerland
We are thrilled to inform you that our firm Abcys Business & Consulting Sàrl was awarded in the top of the 100 best accountant and tax experts in Switzerland, out of some 10,000 fiduciary offices across our country.
The classification was published in the Swiss newspaper Le Temps, dated November 5, 2020.
These awards are the most prestigious in the accountant and tax industry and our inclusion on the shortlist is testimony to the high quality of work delivered by Abcys Business & Consulting Sàrl to clients throughout the years and to our renowned expertise
We stay at your disposal to give you the best of ourselves.
For more information, download the attached PDF.
Best Tax and Accountant Advisers of Switzerland
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