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%
By |September 28th, 2017|