Switzerland standard rate VAT will decrease to 7.7%

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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%.