- 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.
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