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FOOTBALL

FIFA planning coronavirus assistance package to world football

FIFA is planning on offering "assistance" to world football after the coronavirus pandemic plunged clubs and leagues into an unprecedented financial slump, the global governing body confirmed to AFP in Lausanne on Tuesday.

FIFA planning coronavirus assistance package to world football
Photo: AFP

The organisation, which says it has $1.5 billion (1.36 billion euros) in reserve, said that it is “thinking over ways of assisting the global football community” in a statement sent to AFP.

UPDATE: What you need to know about the coronavirus crisis in Switzerland 

The form this assistance will take is “currently being studied and discussed in collaboration with FIFA members, federations and other partners”, FIFA said.

FIFA had previously announced that it had created a working group aiding continental governing bodies with the impact of the COVID-19 crisis, which has left football seasons in limbo and led to the postponement of Euro 2020.

It also alluded to a support fund, the details of which could be announced before the weekend, sources told AFP.

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TAXES

Masks, tests and jabs: Can I deduct Covid-related costs from my taxes in Switzerland?

Switzerland’s tax deadline is just around the corner. Are Covid-related costs tax deductible?

Masks, tests and jabs: Can I deduct Covid-related costs from my taxes in Switzerland?

March 31st is the deadline for filing taxes in Switzerland relating to the 2021 financial year. 

Over the past two years, the Covid pandemic has seen a change in our spending habits. 

While we may have saved on restaurants and travel, we laid out considerable costs on a range of new expenses, including disinfectant, masks and Covid tests. 

As some of these costs are required by law, can they be deducted from your tax?

In some cases, expenses directly related to the Covid pandemic can be deducted. 

Masks, for instance, can be deducted as medical expenses in some cantons, Swiss tax specialist Markus Stoll told 20 Minutes

This depends on the specific framework for tax deductions related to medical expenses in that canton. 

EXPLAINED: What can I deduct from my tax bill in Switzerland?

Generally speaking, any medical costs paid out of pocket can be deducted. However, most cantons impose a minimum percentage limit from which these costs can be deducted. 

In many cantons, this will start at five percent of your yearly income in total (i.e. including other out-of-pocket costs like dental or specialist visits), meaning you would need to purchase a significant amount of masks to beat the threshold. 

What about testing and vaccination?

Testing and vaccinations however were largely free as their costs were covered by the Swiss government, which means associated expenses cannot be deducted. 

Those tests which were not covered by the government – for instance for travel abroad or for visiting clubs – cannot be deducted, Stoll says. 

“Tests for travel abroad or to visit clubs are not deductible” Stoll said. 

For a complete overview of taxation in Switzerland, including several specific guides, please check out our tax-specific page here. 

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