1 February 2022
The Swiss tax authorities are proposing to increase 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 proposal is being put forward in an attempt to cover the pension deficit caused by the ‘baby boomer’ generation, and if accepted it is likely to be introduced sometime during 2023.
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