Switzerland – New VAT rates in Switzerland from January 1, 2024

From January1, 2024, VAT rates in Switzerland will increase :

  • Standard VAT rate increases from 7.7% to 8.1%.
  • Reduced VAT rate raised from 2.5% to 2.6
  • Special rate for lodging increases from 3.7% to 3.8%.

To determine the rate applicable to the supply of goods and services, theactual date of delivery of the goods or performance of the service must be taken into account. The date of invoicing or payment has no impact on the applicable VAT rate. 

As a result, all operations carried out before December 31, 2023 will be subject to the old VAT rates . Transactions carried out after this date will be subject to the new rates. 

When an invoice contains both transactions carried out before and after December 31, 2023, a distinction should be made on the invoice between the old and new VAT rates. If the operations cannot be presented separately on the invoice, all services will have to be invoiced at the new VAT rates. 

As a result, Swiss VAT returns will include both the old and the new VAT rates from July 2023 for monthly taxpayers and from the 3rd quarter for quarterly taxpayers. This will make it possible to declare mixed invoices containing both old and new VAT rates. 

 

Expert

NEED HELP ?

Rely on our experts to manage your international VAT obligations.

OTHER VAT BRIEFS VAT rates
From September 1, 2024, Finland will have the second-highest standard rate in the European Union. The standard rate will increase from 24% to 25.5%. The reduced rates of 14% and...
In order to comply with European Union law, the Annual Tax Act 2024 provides for an overhaul of Section 4 No. 21 of the German VAT Act , exempting school...
As a reminder, from January 1, 2024 the rates applicable in the Czech Republic will be as follows: Standard rate: 21% Reduced rates: 12% In line with this reform, it...
From September 1, 2023, the VAT rate applicable to the hotel and tourism sector will rise from 9% to 13.5%. This rate will apply to accommodation in hotels...
Other VAT infoSwitzerland

Tax Mag

VAT Updates per Month
Newsletter

NEWSLETTER

Get the latest news about VAT in Germany and the European Union straight to your mailbox.

we respect your privacy