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.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
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