Switzerland and Lichtenstein to implement VAT rise for 1 January 2024

21 December 2023

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.

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.

We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.

Get in touch

Let us solve your current business VAT challenges

CONTACT US
LATEST NEWS

UPDATE: Belgium confirms the introduction of mandatory...

During February 2024, the Bill legislating for mandatory B2B e-invoicing in Belgium was gazetted, confirming the introduction of an e-invoicing regime from 1...

SEE MORE
VAT news
LATEST NEWS

Polish Ministry of Finance issues new National...

The Polish Ministry of Finance recently announced a round of nine public consultations ahead of a newly proposed July 2025 launch date of KSeF B2B e-invoicing...

SEE MORE
VAT news
LATEST NEWS

Senegal introduce VAT on e-services for non-resident...

During the 2023 Finance Act, the Ministry of Finance confirmed that from 1 April 2024 it will introduce VAT on the sale of digital services by non-resident...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.