On September 5, 2023, the FTA published the circular "Professional expenses lump sums and remuneration in kind 2024 / Compensation of the consequences of the cold progression in the direct federal tax for the tax year 2024".
The compensation for the consequences of the cold progression is made annually on the basis of the level of the national consumer price index on June 30 before the start of the tax period. On June 30, 2023, the relevant index was 168.1 points, which corresponds to an increase of 1.76 percent compared to the index level as of June 30, 2022.
Based on this, the Federal Department of Finance (FDF) issued the Ordinance of September 16, 2022 on the Compensation of the Consequences of Cold Progression for Individuals in Direct Federal Tax (Ordinance on Cold Progression) with the new rates and deductions on September 1, 2023, which will enter into force on January 1, 2024. The press release of the FDF as well as additional documents are available here.
On September 5, 2023, the FTA also published Circular No. 205: "Professional expense allowances and remuneration in kind 2024 / Compensation for the consequences of cold progression in the direct federal tax for the 2024 tax year", which summarizes the allowable deductions in the direct federal tax for the 2024 tax year in tabular form.