On 17 December 2021, the Swiss Parliament adopted the AHV (Old Age and Survivors’ Insurance) 2021 reform. The goal is to ensure the financial balance of the AHV, as well as to maintain the level of AHV benefits. In order to reach this goal, several measures have been adopted, including an increase in the current VAT rates.
VAT rate increases
The rate increases are expected to be as follows:
- Standard rate: from 7.7% to 8.1%
- Reduced rate: from 2.5% to 2.6%
- Rate for accommodation: from 3.7% to 3.8%
Source Deloitte
