UPDATE: Elimination of Swiss import customs duties on industrial goods enters into force on January 1, 2022 (or is it 2024?)

The Swiss Federal Parliament adopted the bill to unilaterally abolish import duties on almost all industrial goods and simplify the Swiss customs tariff to reduce costs for consumers and companies alike. The final vote is still subject to an optional referendum, however, if no political party is launching the referendum, the legislation will enter into force on 1 January 2022.

Comments from Although the article from EY mentions that elimination of the customs duties would be Jan 1, 2022, other sources informed us that the elimination would only be effective Jan 1, 2024. To be continued.

Source EY



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