- Swiss Parliament approved a proposal to raise VAT rates from 2028 to help fund a 13th state pension, but it is not final yet.
- The standard VAT rate would rise from 8.1% to 8.5%, and the hotel rate from 3.8% to 4.0%; the reduced 2.6% rate would stay unchanged.
- A mandatory referendum is expected in November 2026, and only voter approval would allow the change to take effect.
- If adopted, businesses may need to update systems, pricing, invoicing, and contract terms, especially for cross-border operations.
- There is no immediate action required, but companies should monitor developments because implementation could involve tight timelines.
Source: ayming.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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