- Switzerland raised its three rates of value-added tax on January 1, 2024.
- The headline rate increased from 7.7 percent to 8.1 percent.
- The reduced rate was raised to 2.6 percent from 2.5 percent.
- The special rate for accommodation was raised to 3.8 percent from 3.7 percent.
- The reduced rate of VAT applies to various goods and services including foodstuffs, livestock, plants, medications, newspapers, and radio/television services.
- The rates were last changed on January 1, 2018.
Source: answerconnect.cch.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.
Latest Posts in "Switzerland"
- Swiss Government Proposes 0.7% VAT Increase to Fund 13th Pension Payment by 2026
- Deadline Extension for VAT Return Submission Available Online via ePortal Service
- Federal Court Upholds FTA’s Input Tax Deduction Practice, Criticizes Revenue Key Method.
- Federal Administrative Court Confirms ESTV Practice on Input Tax Deduction, Criticizes Revenue Key Method
- Appeal Dismissed: VAT Liability Upheld for 2020 Tax Period in Erotic Business Case
