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country-icon Switzerland


VAT rate increase

We recently communicated that Swiss government were intending to increase VAT rates in the country, for the reasons outlined here. The Swiss government has now confirmed the change in VAT rates in line with the following:
  • Standard VAT rate from 7.7% to 8.1%
  • Reduced VAT rate from 2.5% to 2.6%
  • Special rate for accommodation services 3.7% to 3.8%
The increase will come into effect on 1 January 2024. Further information around the VAT rate increase is expected from the Swiss tax authorities before the implementation of the change.

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