Starting from January 1, 2024, Switzerland will raise all the current VAT rates.
The final VAT rates applicable in the country after January 2024 will be the following:
- Standard VAT rate: It will increase to 8.1%, up from the current 7.7%.
- Reduced VAT rate: This rate will rise to 2.6%, compared to the existing 2.5%.
- Special VAT rate for accommodation: It will be adjusted to 3.8%, up from the current 3.7%.
Source: marosavat.com
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