Restriction of the travel expenses deductions
As of January 1st 2016, the travel expenses from home to work will be limited at CHF 3'000.00 for federal taxes (IFD).
On February 9th 2014, the Swiss people voted for the railway financing and procuring infrastructure which has been widely accepted (62%).
One of the financing methods was to limit the travel expenses deductions at CHF 3’000.00.
As per the article 9 subparagraph 1 from LHID, the Cantons are free to determine this limit. In Geneva, the parliament has decided to limit these deductions at CHF 500.00, for cantonal and communal taxes (ICC).
The PLR Geneva has announced by press release on January 22nd 2016 that they have called for a referendum against this wide decrease.
To be continued…