28 September 2017
The Swiss VAT rate will decrease from 8% to 7.7% From 1 January 2018.
On 24 September 2017 the Swiss population voted to reject a proposal to raise the VAT rate to 8.6% in order to support pension reforms in the country. As a result of this rejection it now means that the previously scheduled VAT reduction to 7.7% will go ahead in its place.
There will be no change to the reduced VAT rate of 2.5% but the special reduced VAT rate on hotels will also fall from 3.8% to 3.7%.
LATEST NEWS
Emergency VAT measures to combat the financial impact...
Due to the negative financial impact that the Coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...
SEE MORE
LATEST NEWS
Portugal to reduce the VAT rate on gym and health club...
The Portuguese tax office has announced that the VAT rate on gym and health club memberships is to be reduced to 6%. To find out how this update could impact...
SEE MORE
LATEST NEWS
Netherlands extends COVID-19 VAT easements and payment...
The Dutch tax office has extended their Coronavirus VAT easements and payment extensions to 30 September 2020. To find out how this update could impact your...
SEE MORE