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

Sri Lanka proposing to apply VAT on B2C e-services for...

The Inland Revenue Department of Sri Lanka is planning to implement VAT on electronic services supplied by non-resident companies to consumers from March...

SEE MORE
VAT news
LATEST NEWS

2025 SME Special Scheme introduces pan-EU €100,000...

To reduce the VAT compliance burden for small to medium-sized enterprises (SMEs) in the EU, many member states have implemented an 'SME Scheme', which exempts...

SEE MORE
VAT news
LATEST NEWS

Romania proposes to extend mandatory e-invoicing to...

Romania has announced plans to extend its electronic invoicing regime to business-to-consumer (B2C) transactions for both VAT-registered resident and...

SEE MORE
VAT news

Gated Content

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