Living in Trasquera, working in Ticino: connections and cost of living (cross-border guide)

Context

In a nutshell

The Trasquera region offers a high quality of life and a unique natural environment, attracting border workers willing to work in Ticino. Border crossers can enjoy a good quality of life and a unique natural environment, but they must be aware of the potential challenges they can present when working in Ticino.

Facts from source

Switzerland and Italy signed the Double Taxation Convention on December 9, 1976, providing that the two nations will not tax the same employment income twice. The new law provides for a deductible of CHF 10,000 for new frontier workers, who will not be subject to taxes on their first tranche of work income of CHF10,000.

Practical analysis

Border workers who live in Trasquera and work in Ticino can enjoy a good quality of life and a unique natural environment. However, working in Ticino can present some challenges for border workers, such as the difference in language and culture between Switzerland and Italy. In addition, border workers must be aware of the regulations and laws governing work in Ticino.

Concrete examples

A concrete example is the case of an Italian border worker who lives in Trasquera and works in a company in Lugano. The company pays a salary of CHF 60'000 per year, but the border worker is not subject to tax on his first tranche of work income of CHF 10'000 thanks to the deductible provided for by the new law.

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Operational details

Practical analysis

Border workers who live in Trasquera and work in Ticino can enjoy a good quality of life and a unique natural environment. However, working in Ticino can present some challenges for border workers. For example, frontier workers may have to face the difference between the cost of living in Trasquera and that in Ticino. According to 2022 data, the cost of living in Trasquera is 15% lower than in Lugano, the largest municipality in Italian Switzerland.

Border workers may choose to live in Trasquera and work in Ticino, but they must be aware of the potential challenges they may present. It is important to consider the distance between home and the workplace, the cost of transportation, and travel time. For example, the distance between Trasquera and Lugano is about 70 km and the journey time by car is about 1 hour and 15 minutes, while by train it is about 1 hour and 30 minutes.

Action

Border workers who live in Trasquera and work in Ticino must be aware of the potential challenges they may present and take the necessary measures to face them. Here are some considerations to keep in mind:

• The law provides for a deductible of CHF 10,000 for new frontier workers. This means that new frontier workers will not be taxed on their first tranche of working income of CHF 10,000.
• The allowance for old frontier workers is CHF 7,500.
• The amount of the deductible for

Useful tools to protect your net income

To reduce FX leakage, compare CHF-EUR exchange options and banks for cross-border workers.

Key points

Action

Border workers who live in Trasquera and work in Ticino must be aware of the potential challenges they may present and take the necessary measures to face them.

The new law provides for a deductible of CHF 10,000 for new frontier workers. This means that new frontier workers will not be taxed on their first tranche of working income of CHF 10,000.

For example, if a frontier worker earns CHF 5,000 per month in Ticino and lives in Trasquera, he will not pay taxes on the first tranche of CHF10,000, but only on income above CHF 10,000.

Border workers may choose to live in Trasquera and work in Ticino, but they must be aware of the potential challenges they may present. To avoid problems with the tax authorities, it is important to consult the salary calculator to determine the taxes that will have to be paid.

The law also provides that frontier workers must declare their income from work by 31 March of the following year. It is important to keep track of your income and taxes paid to avoid problems with the tax authorities.

Here is a checklist of the steps to follow for border workers who live in Trasquera and work in Ticino:

• Consult the salary calculator to determine the taxes to be paid
• Keep track of your income and taxes paid
• Report your earned income by March 31 of the following year
• Make sure you have a