On Spetember 25, 2022, the Swiss voters said “yes” to the “AHV 21” proposal and thus also approved an increase in Swiss VAT rates.
To cover the expected AHV deficit, the Swiss VAT rates will be increased as follows:
| So far | adjustment | Adjusted tax rates | |
| standard rate | 7.7% | +0.4% | 8.1% |
| Reduced rate | 2.5% | +0.1% | 2.6% |
| Special rate for accommodation services | 3.7% | +0.1% | 3.8% |
The increase in VAT rates will come into effect on January 1, 2024.
Source PwC
Latest Posts in "Switzerland"
- Federal Administrative Court Decision on VAT Input Tax Deduction Timing for 2020 Tax Period
- Federal Administrative Court Confirms Input Tax Deduction Reduction, Classifies SFOE Payments as Subsidies
- Swiss Federal Administrative Court Rules on VAT Reference Tax for Reinsurance Services
- Federal Administrative Court Confirms VAT Liability for Electronic Services from 2015-2020
- FAC Partially Upholds Appeal on VAT Dispute Over Vehicle Use and Travel Expenses, 2014-2018
