Payroll and HR in Switzerland

Local Information

Local Time (LIVE):7:08 AM
Local Currency:$1 = CHf0.98
Business Language(s):German, French, Italian, English & Romansh
Tax Year Dates:1st January – 31st December

 

Are you considering expanding your business to Switzerland? With the country surrounded by Europe’s major economies, you really will be in the heart of Europe. Not only this, but Switzerland has an appealing federal taxation system, as well as a number 2 ranking in the top destinations by average job value of investment project by the IBM Global Location Trends report.

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Details correct at time of publication. You should not rely on these details without first seeking professional international advice.

Employer Must-Dos

In Switzerland, the following reports must be submitted to strict deadlines

  • Corporate income tax returns
  • Swiss municipal business tax
  • VAT returns

Payroll in Switzerland

What tax considerations are there?

In Switzerland, there are three different levels of income tax. Federal level income tax, which is the same across the country; Cantonal level (a canton is like a state in the United States), which is the same across particular cantons; and municipal level tax, which follows cantonal level but allows their own communal tax rate. Corporations are also subject to Swiss corporate income tax as well as tax on equity at cantonal and municipal level.

HR in Switzerland

What are the regular working hours in Switzerland?

The average working hours in Switzerland are between 40 and 42 hours. Under Swiss law, an employee can work a maximum of 45-50 hours in one week (dependent on sector).

Termination

Termination periods must adhere to the following agreements. One month during the initial year of service, 2 months between the 2nd and 9th year of service, and 3 months following the 9th year. However, termination can also take place without advance notice if a ‘serious cause’ occurs.

Find out more about International Payroll

To find out more about international payroll and its implications and considerations that come along with it, download our free guide to international payroll.

Download Our Guide

FMP’s Swiss Payroll and HR Solutions

FMP Global take away the stress of Swiss payroll and HR compliance. Our in-country teams are on hand to guide your business in the right direction, providing you with the information you need. Whether you’re looking for HR or payroll services in Zürich, Geneva or Bern, we’ll handle the complex payroll and HR processes so you don’t have to, allowing you to get on with the important things.

  • Swiss employment contracts
  • Payroll processing
  • Handling of payments
  • Regulatory compliance
  • Tax and labour law consulting
  • Assisting in payroll audit (or payroll department audit)
  • Handling of confidential payroll
  • Assistance in company restructuring plan
  • Assistance in implementation of procedures
  • Assistance with start-up (in link with lawyers)

Stay Compliant - Payroll and HR Services in Switzerland

Looking for a global HR and payroll partner you can trust? FMP Global are the partners you’ve been searching for. Our Swiss payroll and HR solutions ensure complete compliance, helping you to grow your business internationally with complete peace of mind. Adhering to Swiss legislation and employment law - it’s what we do.

Start your International Expansion Today