Switzerland to increase VAT rates from 2024

May 10, 2023 in VAT, VAT rates

Switzerland to increase VAT rates from 2024

The Swiss authorities have announced an increase in all VAT rates from 2024. Following a public referendum that took place in September 2022, the government is going ahead with the approved general VAT rate increase. As such, the standard VAT rate will be increased from 7.7% to 8.1%, the reduced VAT rate from 2.5% to 2.6% and the special rate for accommodation from 3.7% to 3.8%. These new rates apply from 1 January 2024 and will help finance a reform of state pension.

Recent posts

man shopping on mobile phone in front of shop window display with "black friday sale"
September 21, 2023
5 Things to Consider When Shipping Into The EU
Read More
DAC7 Digital Marketplace
August 1, 2023
Everything you need to know about DAC7 [FAQs]
Read More

Not sure where to begin?

Schedule a call with one of our VAT experts today