31 October 2022
From 1 January 2024, the Swiss tax authorities will increase the VAT rates in the country as follows:
- Standard rate - 7.7% to 8.1%
- Reduced rate - 2.5% to 2.6%
- Special VAT rate for accommodation – 3.7% to 3.8%
This is being implemented to try to raise funds to cover the pension deficit caused by the ‘baby boomer’ generation.
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