Living in Carimate, working in Ticino: advantages and disadvantages (cross-border guide)

Context

In a nutshell

• New tax agreement for border workers, signed on 23 December 2020
• Excess of €10,000
• Transitional regime until 2033

Key facts

• What: new tax agreement
• When: 23 December 2020
• Duty: signed
• Who: Swiss and Italian government
• Amount: €10,000
• Where: Switzerland and Italy

The Swiss and Italian governments have signed a new tax agreement for border workers, which provides for a deductible of €10,000 and a transitional regime until 2033. This agreement aims to simplify the lives of border workers and reduce taxes.

However, it is important to note that this agreement has not yet entered into force and will only apply from 2023. Until then, border workers will have to continue to follow the tax rules in force.

The new agreement provides that border workers working in Switzerland and residing in Italy can benefit from a deductible of €10,000. This means that they will not be required to pay taxes on their pay, up to a certain limit.

But how does it work in practice? Here is a concrete example: if a frontier worker works in Switzerland and earns €50,000 per year, he will benefit from the €10,000 deductible and will not be required to pay taxes on the excess part.

But not only that: the new agreement also provides for a transitional regime until 2033. This means that border crossers can continue to benefit from the €10,000 deductible even after 2023, but only until 2033.

It is

Operational details

The use of a border crossing in Ticino has brought significant economic benefits for the family and for the Ticino economy. The family will enjoy a higher income, a better standard of living and a more secure future.

The choice of living in Carimate, a municipality in the province of Como, and working in Ticino can be a beneficial solution for those looking to improve their economic situation. Due to its geographical location, Carimate is a municipality very close to the borders with Switzerland, which allows you to work in Ticino with ease.

According to data from the National Institute of Statistics (ISTAT), in 2020, there were over 12,000 frontier workers living in the province of Como and working in Switzerland. This number may vary over time, but it still represents a significant presence in the region.

The use of a border crossing in Ticino can bring significant economic advantages for the family. According to data from the Ministry of Labour and Social Policies, in 2020, frontier workers living in Switzerland and working in Italy had an average income of around 40,000 euros per year. This income can vary greatly depending on the job sector and geographical location.

The family will enjoy a higher income, a better standard of living and a more secure future. According to data from the Statistical Institute of Switzerland (STATISTIK Schweiz), in 2020, frontier workers who

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Key points

To move to Carimate and work in Ticino as a border worker, you need to consider a few things. First, you need to have enough income to support the family and enjoy a good standard of living. Secondly, it is important to consider the tax situation and the transitional regime until 2033. This article will help you understand the advantages and disadvantages of living in Carimate and working in Ticino as a border worker.

Income and cost of living

To live in Carimate and work in Ticino, you need to have enough income to support your family. According to ISTAT data, the average annual income of a family in Ticino is about 60,000 Swiss francs. However, the cost of living in Carimate can vary depending on the area and the type of home chosen. A 3-4 bedroom apartment in the centre of Carimate can cost between 2,000 and 3,000 Swiss francs per month.

Tax situation

The tax situation in Ticino is complex and can vary depending on the nationality and tax regime chosen. As a border crossing, you can choose to be subject to the “opt-out” or “opt-in” tax regime. The "opt-out" scheme allows you to be exempt from direct tax in Switzerland, while the "opt-in" scheme requires you to pay direct tax in Switzerland and to declare income also in Switzerland.

Transitional regime until 2033

The transitional regime until 2033 was established to help people who

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