Global Mobility Insights NEWSLETTER Frühling / Spring 2024
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<strong>Global</strong> <strong>Mobility</strong> <strong>Insights</strong> - <strong>Frühling</strong> / <strong>Spring</strong> <strong>2024</strong><br />
Secondly, with the Swiss salary, the employee is likely to earn far more compared<br />
to local Brazilian employees.<br />
In addition, the employee will usually receive additional bonuses for the assignment<br />
in Brazil, as they are leaving their familiar environment to work in Brazil.<br />
The most common allowances are, among others, reimbursement of rental costs or<br />
a rent difference, international health insurance, tax equalisation, school costs for<br />
the international school for the children, so-called "home leaves", tax consultant<br />
costs for the preparation of the Brazilian tax return, relocation costs, housing<br />
search, compensation for exchange rate fluctuations. This list is not exhaustive.<br />
Due to the different costs of living, the base salary is usually adjusted for these<br />
differences.<br />
The table below shows the difference in the cost of living for a salary of CHF<br />
150,000 for a family of two. It can be seen that if the employee were to be posted to<br />
the Brazilian capital Brasilia, the cost of living would be 22.5% lower than in Zurich.<br />
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convinus.com