December 14 2022

Federal Tax Administration Announces Increased VAT Rates Applicable From 2024

Source: IBFD Tax Research Platform News

On 12 December 2022, the Swiss Federal Tax Administration published on its website the new VAT rates applicable from 1 January 2024.

From that date, the general VAT rate is increased to 8.1% (currently 7.7%), the reduced VAT rate is increased to 2.6% (currently 2.5%) and the special VAT rate for lodging services is increased to 3.8% (currently 3.7%).

On 25 September 2022, the Swiss voters approved in a public referendum the revision of the state pension which included the increase of the VAT rates in order to finance the reform.