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Switzerland Increases VAT Rates from 1 January 2024: What You Need to Know

  • VAT rates in Switzerland have increased from 1 January 2024
  • Standard rate has increased from 7.7% to 8.1%
  • Reduced rate has increased from 2.5% to 2.6%
  • Special rate for accommodation services has increased from 3.7% to 3.8%
  • Reduced rate applies to foodstuffs, animals and agricultural products, medical sector, printed products, electronic products, and media services.

Source: asd-int.com


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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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