Swiss government considers increasing the standard VAT rate by a further 0.4%

1 May 2024

The Swiss tax authorities are proposing a further increase to the standard VAT rate in the country from 8.1% to 8.5%. 

This proposal is being put forward to cover the pension deficit caused by a national referendum vote to increase state pensions.

Switzerland already raised its standard VAT rate on 1 January 2024 from 7.7% to 8.1%.

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