Switzerland to hold another referendum for VAT rise proposal

28 July 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 to cover the pension deficit caused by the ‘baby boomer’ generation, and if accepted, the rises will be implemented from January 2024.

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