Switzerland | VAT rates to decrease from January 2018

On 24th September 2017, the Swiss taxpayers rejected the proposal regarding the additional funding of the 2020 pension system through the increase of the VAT rates.

As a result, the standard VAT rate and the special rate for the hospitality sector will be decreased from 1st January 2018 as follows:

Standard rate Special rate for hospitality sector Reduced rate
Current rate 8.0% 3.8% 2.5%
Rate from Jan 2018 7.7% 3.7% 2.5%