- VAT rates in Switzerland will change from January 1, 2024
- The changes are a result of a vote held on September 25, 2022, aimed at securing additional funding for the AHV pension system
- Switzerland will have new customs regulations starting from 2024
- The article provides information on the reasons for the changes and how to prepare for them
- The standard VAT rate will increase from 7.7% to 8.1%
- The reduced VAT rate will increase from 2.5% to 2.6%
- The special VAT rate for hotel services will increase from 3.7% to 3.8%
- Different products and services are subject to different VAT rates in Switzerland
- The changes are a response to demographic challenges and the underfunding of the public pension system
- The new VAT rates will apply to most products sold online and those not covered by reduced rates
- The reduced VAT rate applies to food (excluding alcohol), livestock, seeds, medicines, and certain services
- The timing of applying the new VAT rates is based on the date or period of delivery, not the invoice or payment date.
Source: eurofiscalis.com
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.
