English Forum Switzerland

English Forum Switzerland (https://www.englishforum.ch/forum.php)
-   Finance/banking/taxation (https://www.englishforum.ch/finance-banking-taxation/)
-   -   IT Contracting Tax Burden (https://www.englishforum.ch/finance-banking-taxation/22987-contracting-tax-burden.html)

QuantumCortex 24.04.2008 19:37

IT Contracting Tax Burden
 
I have been offered an 8 month contract in Fribourg - the rate is 100chf gross per hour.

A simple question approximately (+- 3 %) what percentage of this gross amount should I expect in my pocket?

peachy 24.04.2008 20:00

Re: IT Contracting Tax Burden
 
depends on if the agency pay the employer contributions before that 100chf

Bananahead 24.04.2008 20:12

Re: IT Contracting Tax Burden
 
Simply ask the agency offering the contract



Nigel

gbn 24.04.2008 21:39

Re: IT Contracting Tax Burden
 
Have a play

A revenue estimator

QuantumCortex 24.04.2008 22:16

Re: IT Contracting Tax Burden
 
No the agency do not pay the employers contribution before the 100chf.

gooner 24.04.2008 22:18

Re: IT Contracting Tax Burden
 
If the agency has told you 100 bucks an hour then that's what you get. If they are getting you in at 100 an hour then it's must be menial labour.

QuantumCortex 24.04.2008 22:23

Re: IT Contracting Tax Burden
 
The agent is telling me that the rate is 100 chf per hour before any deductions (including that of Employers contribution). It is not menial labour - but there again I guess that software engineering can seem that way.

QuantumCortex 24.04.2008 22:23

Re: IT Contracting Tax Burden
 
Thanks for this link ... it is very useful.

Lou 24.04.2008 22:29

Re: IT Contracting Tax Burden
 
Quote:

Originally Posted by QuantumCortex (Post 214243)
The agent is telling me that the rate is 100 chf per hour before any deductions (including that of Employers contribution). It is not menial labour - but there again I guess that software engineering can seem that way.

You realise that you will be paying the employers contributions too as a contractor?

QuantumCortex 24.04.2008 22:30

Re: IT Contracting Tax Burden
 
The penny has now dropped on that one ... this explains the source of confusion that led me to make this post in the first place.

QuantumCortex 24.04.2008 22:48

Re: IT Contracting Tax Burden
 
Quote:

Originally Posted by gooner (Post 214241)
If the agency has told you 100 bucks an hour then that's what you get. If they are getting you in at 100 an hour then it's must be menial labour.

Do you think that a rate of 100 chf per hour is below the Swiss market rate for a relatively senior software engineer?

(As you may have already deduced I am newbie both to this forum and to Switzerland)

Lou 24.04.2008 22:49

Re: IT Contracting Tax Burden
 
Quote:

Originally Posted by QuantumCortex (Post 214255)
Do you think that a rate of 100 chf per hour is below the Swiss market rate for a relatively senior software engineer?

(As you may have already deduced I am newbie both to this forum and to Switzerland)

I think Gooner meant if your charge out rate is CHF100 then you are getting a bum deal as the agency fee would have still to come off. If it is CHF100 to you then in today's market that is a decent rate.

QuantumCortex 24.04.2008 22:58

Re: IT Contracting Tax Burden
 
Yes this is 100 chf to myself ... i.e. the agency fee is a separate transaction between the agency and the client.

Therefore the rate is as you say "fairly decent."

gooner 24.04.2008 23:03

Re: IT Contracting Tax Burden
 
Quote:

Originally Posted by QuantumCortex (Post 214255)
Do you think that a rate of 100 chf per hour is below the Swiss market rate for a relatively senior software engineer?

(As you may have already deduced I am newbie both to this forum and to Switzerland)


It's standard, but then you are expected to know what you are doing. You can earn more if you're a niche genius type.

QuantumCortex 24.04.2008 23:12

Re: IT Contracting Tax Burden
 
Well this position is taking responsibility for porting a sophisticated thick client framework to a web framework.

Thus perhaps by the end of the project i may end up in the "niche genius" category - although to be honest I am not sure if that is a niche worth filling!

Dougal's Breakfast 24.04.2008 23:14

Re: IT Contracting Tax Burden
 
As my cousin Sweeney always used to say: "Better to fill a niche than a pie".

ticino 25.04.2008 19:26

Re: IT Contracting Tax Burden
 
Quote:

Originally Posted by QuantumCortex (Post 214255)
Do you think that a rate of 100 chf per hour is below the Swiss market rate for a relatively senior software engineer?

(As you may have already deduced I am newbie both to this forum and to Switzerland)

I know that for management consulting type of work (reorganizations, cost cutting, strategy support, etc) you can get 250-300 per hour. So, 100 sounds rather low for a senior software engineer.

gbn 25.04.2008 21:45

Re: IT Contracting Tax Burden
 
Quote:

Originally Posted by ticino (Post 214968)
I know that for management consulting type of work (reorganizations, cost cutting, strategy support, etc) you can get 250-300 per hour. So, 100 sounds rather low for a senior software engineer.

100 per hour is standard or even above average now... it's a buyer' market.
Plenty of IT blokes looking for a job.

There is also a big difference between McKinsey style management consulting guru and code monkey hired help.
And everyone describes themselves as "Senior Code Monkey". Even me :msnsarcastic:

Treverus 25.04.2008 22:13

Re: IT Contracting Tax Burden
 
http://hsirkel.net/dilbert/dilbert20080304.gifhttp://dribibu.xs4all.nl/pic/dilbert...304-colour.jpg

ticino 25.04.2008 23:45

Re: IT Contracting Tax Burden
 
Quote:

Originally Posted by gbn (Post 215016)
100 per hour is standard or even above average now... it's a buyer' market.
Plenty of IT blokes looking for a job.

There is also a big difference between McKinsey style management consulting guru and code monkey hired help.
And everyone describes themselves as "Senior Code Monkey". Even me :msnsarcastic:

Oops - wasn't aware that the difference is so big. I would have thought at a 100 per hour there's no point in being self-employed - you take all the risk + all the cost.


All times are GMT +2. The time now is 07:04.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0