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%