VAT rate increase to 8.1% as of Jan 1, 2024 to finance pension system approved in referendum

VAT rate changes expected

• Standard rate from 7.7% to 8.1%;
• Reduced rate from 2.5% to 2.6%
• Hotel accommodation rate from 3.7% to 3.8%

Vote results September 25, 2022

• Ban on factory farming: 37% yes, 63% no
• Pension reform/retirement age women: 50.6% yes, 49.4% no
• Pension reform/increase in VAT: 55.1% yes, 44.9% no
• Reform withholding tax: 48% yes, 52% no
• Turnout: 52.3%
• About 5.5 million citizens, including registered Swiss expats, were eligible to take part in the ballots.
• Votes on a wide range of different issues also took place in numerous cantons and municipalities across the country.

Source

• Swissinfo.ch
• vatcalc

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