The new cross-border commuter agreement between Switzerland and Italy, which came into force in July, is already having a noticeable effect in Ticino. Fewer Italian nationals are applying for jobs in the catering industry.
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Keystone-SDA
Massimo Suter, President of Gastro Ticino, confirmed to the news agency Keystone-SDA a report in the “Corriere del Ticino” on Saturday, according to which there has been a drop in applications in the catering sector of between 30% and 50%.
Applications from Italy have also fallen by up to 50% in Ticino’s industrial sector compared to the previous year. This was the result of a survey of several dozen medium-sized companies, said Stefano Modenini, Director of the Ticino Industry Association, when asked by Keystone-SDA.
Under the new agreement, Switzerland will retain 80% of the withholding tax levied on the income of Italian cross-border commuters. The new cross-border commuters will also be subject to regular taxation in their country of residence.
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