New Swiss Legislation: Four Potential Changes Affecting Taxes and Emergency Alerts
Loosen the Grip: Changes in Swiss Housing and Identity Laws
In the recent parliamentary session, a handful of bills were approved, shaking up the Swiss real estate and identity landscape. Here's a lowdown on these changes:
Scrapping the Rental Income Tax? Not So Fast!
The rental value tax, levied on the theoretical rental income of a property owner, is set to be abolished, at least in theory. However, the fine print might not be so favorable for owners of second homes. With significant revenue losses foreseen in tourist cantons, the Economic Affairs and Fees Committee proposes maintaining the rental value tax for secondary residences. This proposal garnered support from both chambers, potentially setting the stage for higher taxes on second homes.
On a related note, the cantons will now have the freedom to impose a higher tax on non-residents residing in their territories.
Bringing Identity into the Digital Age: e-ID
The introduction of the electronic identity system has sparked privacy concerns but has been given the green light by the parliament. Expect the state e-ID to land on smartphone apps by 2026.
Construction Defects: More Time to Report
Purchasers of new properties will now have a 60-day window to report any construction defects, up from the current seven days.
Alarm Management: Upgrading Sirens for Better Safety
With around 5,050 remote-controlled sirens in service, the parliament voted to approve a higher flat rate for maintaining the existing alarm infrastructure, increasing from 400 francs to a maximum of 600 francs per year and per siren.
When Will These Changes Take Effect?
While these decisions are a step closer to becoming law, they might still be subject to a referendum, leaving the final say to Swiss voters.
For more details about Switzerland's referendums and how they work, stay tuned!
- The Economic Affairs and Feas Committee is proposing to maintain the rental value tax for second homes due to anticipated revenue losses in tourist cantons.
- The cantons will now have the freedom to impose a higher tax on non-residents residing in their territories.
- The parliament has approved the introduction of the electronic identity system, which is expected to be available on smartphone apps by 2026, despite privacy concerns.
- Purchasers of new properties will now have a 60-day window to report any construction defects, an extension from the current seven days.
