- Swiss lawmakers voted to extend the reduced VAT rate for hotels beyond 2027
- The upper house approved the measure with 119 votes in favor, 59 against, and 14 abstentions
- The Council of States had already endorsed the measure in the spring session
- The Swiss Government opposed the motion
- The Federal Council must maintain the special VAT rate of 3.8 percent for the hotel industry
- The special VAT rate was initially introduced in 1996 for a limited period
- The rate has been extended six times, most recently until 2027
- The standard VAT rate is currently 8.1 percent
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.
