As announced in our blog published on 26 September 2022, public voters have decided to increase VAT rates to finance “Current-age and survivors” insurance. On 7 February 2023 the Swiss Federal Tax Administration (SFTA) published VAT Info 19 which includes the respective guidelines and transition rules.
As from 1 January 2024, the following new VAT rates will be applicable in Switzerland (including Municipality of Liechtenstein) :
- New standard rate: 8.1% (+0.4)
- New reduced rate: 2.6% (+0.1)
- New accommodation rate: 3.8% (+0.1)
Source: Deloitte CH
See also
- our previous post HERE
- Guidance about VAT rate increase per 1 January 2024
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