Update: Swiss Parliament backs VAT rise for 1 January 2024

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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