- Switzerland proposes a temporary 0.8% increase in the standard VAT rate, from 8.1% to 8.9%.
- The increase would last for 10 years, starting January 1, 2028.
- The purpose is to finance military and security infrastructure.
- The proposal needs parliamentary approval and a national referendum, with a vote expected in summer 2027.
Source: meridianglobalservices.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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