- VAT standard rate in Switzerland is 7,7% in 2023 and will increase to 8,1% in 2024
- There is a reduced rate of 2,5% for certain products
- VAT registration threshold is CHF 100,000
- Businesses can reclaim input tax by deducting it from output tax
- Registration procedure requires filing an application form with the Federal Tax Administration
- VAT returns must be filed and paid on a quarterly basis
- Penalties for late filing and payment, errors, and fraud can be charged
Source: vatcompliance.co
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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