Important March 2024 Updates for Expats in Switzerland

With the extended February behind us, March 2024 in Switzerland brings essential information for expats. Here are seven key points to keep in mind:

1. Tax Deadline Approaching:
• March 31 (March 15 for Vaud or Bern residents) is the deadline for tax returns in Switzerland.
• If you’re not under tax-at-source rules, ensure your tax documents are submitted by the deadline.
• Accountants often file extensions, and self-filers can request one if needed.

2. Rental Cost Rises Decision:
• On March 1, the Federal Housing Office will announce the reference interest rate for Swiss mortgages.
• A stable rate of 1.75% is expected, keeping rental costs steady.
• No increase is predicted due to stabilizing mortgage costs and inflation.

3. Pension Reforms Voting:
• March 3 brings two national referendums on pension reforms.
• The first involves granting pensioners a 13th month, addressing rising living costs.
• The second proposes raising the retirement age to 66 by 2033, tying it to life expectancy.
• Polls indicate declining support for the 13th month, while opposition to raising the retirement age remains strong.

4. Ski Resorts Closure:
• Warmer temperatures in February suggest an early end to the ski season.
• Resorts, especially at lower altitudes, will begin closing in March.

5. Early Easter:
• Easter falls on March 31, leading to an early spring break.
• Good Friday (March 29) is a public holiday, with Easter Monday (April 1) also observed in most cantons.

6. Springtime and School Holidays:
• The Vernal Equinox on March 20 marks the beginning of spring.
• Spring school holidays commence in various cantons, offering a chance to explore Switzerland.

7. Daylight Savings Time:
• On March 31 at 2 am, Daylight Savings Time begins.
• Clocks move forward an hour, providing more evening sunlight.

Stay informed and make the most of your March in Switzerland!