The new cross-border suburban agreement is already having an effect: fewer applications in Ticino restaurants

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Gastro Ticino President Massimo Suter confirmed to the Keystone-SDA news agency from “Corriere del Ticino” on Saturday that there was a decrease of between 30 and 50 percent in applications in the catering industry.

In the Ticino sector, there was a decrease of up to 50 percent in applications from Italy compared to the previous year. When asked by Keystone-SDA, Ticino industrial association director Stefano Modenini said this was the result of a survey among several dozen medium-sized companies.

Under the new agreement, Switzerland will keep 80 percent of the withholding tax on the income of Italian cross-border travelers. New cross-border travelers are also taxed appropriately in their country of residence.

(SDA)

Source : Blick

Malan

I am Dawid Malan, a news reporter for 24 Instant News. I specialize in celebrity and entertainment news, writing stories that capture the attention of readers from all walks of life. My work has been featured in some of the world’s leading publications and I am passionate about delivering quality content to my readers.