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Switzerland – abolition of import duties on industrial goods and VAT rate increase as of 01.01.2024

  • As of 01.01.2024 customs duties on industrial goods will disappear in Switzerland.The abolition of these customs duties concerns goods that are classified in Chapters 25 to 97 of the Nomenclature, with the exception of some products classified in Chapters 35 and 38, which are classified as agricultural products
  • Switzerland will increase its VAT rate as of 01.01.2024 from 7.7% to 8.1%.

Source VATsquare

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