31 October 2024
During October, the Swiss tax authorities approved an increase to the standard VAT rate from 8.1% to 8.8%.
This increase is expected to be implemented in 2026, and it is hoped that it will bring in a further CHF 4.2 billion, which will help to cover the pension deficit caused by a national referendum vote to increase state pensions.
Switzerland raised its standard VAT rate on 1 January 2024 from 7.7% to 8.1%.
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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